Types of Insurance

Front

What types of insurance would be used when Sally visits the doctor for strep throat? Options: Health, Liability, Disability, Unemployment

Back

Health

Front

Joey's father is in a car accident and cannot work. What type of insurance replaces his father's earnings?

Back

Disability

Front

David's mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?

Back

Life

Front

A beneficiary is the individual who takes out the life insurance policy.

Back

False

Front

A product that transfers risk from an individual to an insurance company or organization

Back

insurance

Front

The money paid to an insurance company to purchase a policy

Back

premium

Front

The chance of loss from an event that cannot be entirely controlled

Back

risk

Front

The amount paid out of pocket by the policyholder for the initial portion of a loss before insurance coverage begins

Back

deductible

Front

An insurance contract that states what risks are covered and how much money will be paid for losses.

Back

policy

Front

Liability insurance covers accidental harm that may be caused to other people or property

Back

True