Insurance Test - Retake

What is the main purpose of disability insurance?

• To provide replacement income if you have an accident or illness and can't work
• To cover your medical expenses if you have a accident or illness and can't work
• To provide your family with income when you retire
• To provide replacement income and cover all of your medical expenses if you have an accident or illness and can't work

A person trained in the mathematics of insurance who determines the mathematical probability of loss.

• Insurance agent
• Underwriter
• Lawyer
• Actuary

If you have 2 speeding tickets in a 3 month period, your insurance will.....

• cost less
• cost more
• tickets don't effect the cost

What protects you and your vehicle if you get into an accident and it's your fault? 

• comprehensive
• collision
• personal injury
• health insurance 

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

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

The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called

• term life insurance
• bodily insurance
• comprehensive
• collision

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