Money Matters: Insurance (Ch. 9)

It transfers the financial risk of major catastrophes thereby protecting your wealth.

• IRA

• LLC

• Insurance

• Bonds

Which of the following is a basic type of insurance coverage?

• Homeowner's

• Auto

• Health

• All of the above

It is the least expensive automobile insurance coverage.

• Liability

• Comprehensive

• Collision

• Full

Dave recommends to get extended replacement cost when it comes to homeowner's insurance.

• True

• False

What percentage of people have health insurance through their work?

• 20%

• 36%

• 59%

• 71%

HSA stands for:

• Home Safety Assets

• Hazard Standard Assurance

• Health Standards Act

• Health Savings Account

Not having health insurance is one of the biggest causes of bankruptcy.

• True

• False

You should buy long term care insurance when you reach ______ years old.

• 50

• 55

• 60

• 65

Disability insurance is most affordable if it is obtained through ____________.

• a broker

• your employer

• the government

• your auto insurance provider

How many hours on average will a person spend trying to recover from identity theft protection?

• 100

• 250

• 400

• 600