Economics: Personal Finance 5

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.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

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

The amount you MUST pay out of pocket before insurance takes over is called the

• premium
• bonus payout
• term payment
• deductible

Tags

CCSS.7.RP.A.3

If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

• disability
• health
• premium
• hospitalization

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Who gets your death benefit once you die?

• Insurance Company

• Business Partner

• Your Beneficiaries

• Your Pets

• Charity

When do you need life insurance?

• If you're married

• If you're a single parent

• If you have kids

• If you don't have a spouse and/or kids

• You don't need it.

How large of a policy do you need for life insurance?

• Five to seven times your annual salary

• Ten times your annual salary

• One to four times your annual salary

• Ten+ times your annual salary