Dave Ramsey Chapter 9 Insurance

Front

Is insurance a necessary part of a financial plan?

Back

True

Front

Is insurance a financial product? (Buyer Beware)

Back

True

Front

Which of the following would not be a huge financial risk?
Your identity gets stolen
Car accident
Medical Emergency
You lose your cell phone

Back

You lose your cell phone

Front

The time between a disabling event and the beginning of payments for your disability

Back

Elimination period

Front

Life insurance policy for a specific period of time

Back

Term

Front

What is the purpose of insurance?

Back

Transfer financial risk

Front

Which is not a recommended way of lowering your car insurance premiums? Options: Drop your car insurance, Get good grades, Shop around to different companies, Increase your deductible

Back

Drop your car insurance

Front

Which type of insurance is not recommended for young single people?

Back

Life Insurance

Front

Which is not a recommended way to save on health insurance premiums? Options: Increase your deductible, See if a Health Savings Account will work for you, Increase your stop-loss or maximum out of pocket expense.

Back

If you are young and healthy, you do not need health insurance

Front

Which of the following is true?
Pet insurance is a good idea
Any kind of duplicate insurance coverage is a bad idea
Mortgage life insurance is necessary if you are a home owner
You can never be too safe- there is no bad insurance

Back

Any kind of duplicate insurance coverage is a bad idea