Financial Planning Insurance Review

Why do most people invest in life insurance polices?

• To provide them with a way of protecting their assets, like savings and investments
• To replace the lost income to their families after they die
• To pay for final expenses, like funerals
• All of these

A young married Dad is applying for life insurance.  Which of the following factors is not used to determine how much he'll pay for insurance?

• His level of physical fitness
• His age
• Where he lives
• His job

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Bodily injury covers your liability for injury to

• yourself
• property
• others
• other cars

Insurance that protects your family against financial loss due to your death is

• coinsurance
• disability insurance
• life insurance
• comprehensive insurance

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance
• coinsurance
• life insurance
• premium

Tags

CCSS.7.RP.A.3

The person named in a life insurance policy to receive the death benefit is called the

• policy holder
• beneficiary
• recipient
• insurance agent

This type of insurance pays the fees of other doctors who see you in or out of the hospital.

• hospitalization insurance
• disability insurance
• medical insurance
• life insurance

Tags

CCSS.HSS.MD.A.2

What does auto insurance pay for?

• Car

• Plane

• Horse

• Boat

What is one way auto insurance can have cancellation

• You pay your premium

• You fail to pay the premium

• You get paint on your car

• Your car doesn't stop at a red light