Types of Insurance Review

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

• Property and Liability
• Health
• Life
• Disability

Laela is not feeling well so her mother takes her to the doctor. The doctor tells her she has strep throat, gives her medication, and sends her home to recover. What type of insurance would be used in this case?

• Property and Liabiity
• Health
• Life
• Disability

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

• Property and liability
• Health
• Life
• Disability

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

• True
• False

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

• True
• False

The purpose of insurance is to make you financially better off than you were before the event occurred.

• True
• Fale

Having emergency savings is one of the first resources to put in place to help you manage unexpected losses.

• True
• False

Provides payments for both liability and property insurance on a vehicle.

• automobile insurance
• claim
• disability insurance
• co-insurance

Someone who receives money if an insured person dies.

• dependent

• claim

• beneficiary

• co-insurance

a formal request to an insurance company asking for a payment when the policyholder has an accident, illness, or injury

• coverage
• claim
• co-insurance
• deductible