What role does insurance play in financial planning?
Insurance

Quiz
•
Specialty
•
9th - 12th Grade
•
Hard
Arielle Levine
Used 23+ times
FREE Resource
Student preview

20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It guarantees that income and assets are protected
It helps build and maintain one's credit score
It helps cover day-to-day expenses
It grows in value and appreciates over time
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A stone hits your windshield. Which type of coverage would likely cover this expense?
Collision
Liability
Comprehensive
None
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What factors impact the cost of your auto insurance premium?
Deductible amount
The vehicle you are insuring
Your credit score
Your income
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following wouldn't save you money on your auto insurance premium?
Decrease your deductible
Reduce or eliminate optional insurance on an older vehicle
Maintain a good credit history
Bundle your insurance with other policies
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A policy is a contract between the
Policyholder and the injured person
Driver and the government
Consumer and the insurance company
Consumer and the insurance agent
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Under current law, until what age can a child stay on their parents' health insurance?
18
21
26
29
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