Dave Ramsey Chapter 8 and 9 - Investing and Retirement/Insurance

Front

Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergency fund of $500 or more? Options: You lose your cell phone, A medical emergency, Your identity gets stolen, A car accident

Back

You lose your cell phone

Front

The time between the disabling event and the beginning of payments in your disability coverage is called:

Back

Elimination Period

Front

ife insurance policy for a specific period of time is called:

Back

Term

Front

Which of the following is not a recommended way of lowering your car insurance premiums? Options: Get good grades and take a driver education class, Drop your auto insurance altogether, Increase your deductible, Shop Around

Back

Drop your auto insurance altogether

Front

After high school, you should have the following types of insurance: auto, renterʹs, health and long-term care insurance

Back

False

Front

Following the Five Foundations will help you to, one day, become self-insured.

Back

True

Front

Renterʹs insurance is not necessary if you donʹt have a lot of expensive things.

Back

false

Front

Duplicate coverage, or any extra insurance on top of your existing insurance, is not necessary.

Back

True

Front

Any insurance with cash value or that combines insurance with investments is a bad idea.

Back

True

Front

Good identity theft protection includes restoration services.

Back

True