Personal Finance: Insurance
9th - 12th Grade
•11 Qs
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Personal Finance: Insurance
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
+3
Standards-aligned
Melody Hanks
Used 315+ times
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial product purchased by many people facing a similar risk to protect against the risk of larger losses
Premium
Policy
Insurance
Risk
Deductible
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money paid to an insurance company to purchase a policy
Premium
Policy
Insurance
Risk
Deductible
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The chance of loss from an event that cannot be entirely
controlled
Premium
Policy
Insurance
Risk
Deductible
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The out‐of‐pocket money paid by the policyholder before an
insurance company will cover the remaining costs attributed to the loss
Premium
Policy
Insurance
Risk
Deductible
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract between the insurance company and the insured
that states the exact terms of the policy including what risks are covered and how much will be paid for any losses
Premium
Policy
Insurance
Risk
Deductible
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is the correct type of insurance that would be used: David’s mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?
Property and liability
Health
Life
Disability
Workers’ compensation
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is the correct type of insurance that would be used: Sally 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 liability
Health
Life
Disability
Workers’ compensation
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