Insurance Concepts Worksheet

Front

What is the relationship between a premium and a deductible?

Back

Higher premiums generally mean lower deductibles.

Front

Which of the following is NOT typically covered by basic auto insurance? Damage to another person's car in an accident you caused, Medical bills from an accident, Theft of your vehicle

Back

Regular maintenance like oil changes

Front

Why might an 18-year-old have higher auto insurance rates than a 30-year-old?

Back

Younger drivers statistically represent a higher risk.

Front

What is a key difference between term life insurance and whole life insurance?

Back

Term life insurance covers a specific period while whole life insurance provides lifelong coverage.

Front

Which statement about health insurance deductibles is correct? A higher deductible typically means you'll pay less out-of-pocket for medical care, The deductible is the maximum amount your insurance will pay, A higher deductible typically means lower monthly premiums, Deductibles only apply to emergency room visits

Back

A higher deductible typically means lower monthly premiums