Insurance and Risk Management Review

Front

Insurance can help you manage ___________

Back

Financial loss due to risk

Front

Financial risks can be caused by _______.

Back

Any of the above

Front

Which of the following is true? In managing risk, you should buy the most insurance you can afford. When comparing insurance, you should always buy the policy with the lowest premium. Both are true. Neither is true.

Back

Neither is true

Front

There are many ways to manage risks in your financial life. For example, not taking any steps at all to reduce the risk of financial loss is called _______.

Back

Avoiding Risk

Front

If you injure yourself at work and become unable to perform your duties, what form of insurance is designed to pay you benefits for a certain length of time?

Back

Disability insurance

Front

The more risk you transfer to an insurance company, the _______ your premiums will be.

Back

Higher

Front

Anything _______ that has an adverse effect on your financial goals is financial risk.

Back

Expected or unexpected

Front

If you live in an apartment, what form of insurance would cover your belongings?

Back

Renter's insurance

Front

Which of the following is a way to manage risk?
Assume risk,
Avoid Risk,
Share Risk,
All of the above

Back

All of the above

Front

Before buying an insurance policy, you should determine _______.

Back

How much of the risk you can assume yourself