Insurance Review

Front

What type of insurance provides financial protection against overwhelming medical expenses?

Back

Health insurance provides financial protection against overwhelming medical expenses.

Front

Which factor is NOT considered when setting your car insurance premium?

Back

Your height is not considered when setting your car insurance premium.

Front

What is the term for the amount of money that policyholders must pay toward their own covered expenses before the insurance company pays any costs?

Back

Deductible.

Front

What happens to your premium if you pay a higher deductible?

Back

It generally lowers your premium.

Front

Who is most likely to need life insurance?

Back

Parents of small children are most likely to need life insurance.

Front

What is the purpose of health insurance?

Back

To cover medical expenses and protect against high healthcare costs.

Front

What is a premium in insurance terms?

Back

A premium is the amount paid for an insurance policy.

Front

What does co-insurance mean?

Back

Co-insurance is the percentage of costs of a covered healthcare service you pay after you've paid your deductible.

Front

What is the difference between term life insurance and whole life insurance?

Back

Term life insurance provides coverage for a specific period, while whole life insurance provides coverage for the insured's entire life.

Front

What are exclusions in an insurance policy?

Back

Exclusions are specific conditions or circumstances for which the policy does not provide coverage.