Life insurance quiz

Life insurance

Multiple Choice

What is life insurance?

• a way to protect your car.

• A contract between you an an insurance company to financially protect your loved ones after you pass away.

• A type of health insurance.

Multiple Choice

What are the two main types of life insurance

• car insurance and home insurance.

• term life and whole life.

• dental insurance and vision insurance.

Multiple Choice

what does term life cover?

• your entire life.

• a specific period of time, like 10, 20 or 30 years.

• your medical expenses.

Multiple Choice

Why do people get life insurance?

• To financially protect their loved ones and replace their income after they pass.

• To buy a new car.

• To pay for vacations.

Multiple Choice

what should you consider when determining how much life insurance coverage you need

• Your favorite hobbies.

• Your shoe collection

• Your financial obligations like mortgage, debts and income replacement needs for your family