Personal Finance Module 6 Review

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

Tags

CCSS.RI.1.3

CCSS.RI.1.5

CCSS.RI.K.3

CCSS.RI.2.5

CCSS.RI.K.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

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

• premium
• bonus payout
• term payment
• deductible

Under current law, until what age can a child stay on their parents' health insurance?

• 18

• 21

• 26

• 29

Your health insurance copay is

• Amount paid out of pocket before your insurance coverage

• Paid by the insurer

• Applied on an annual basis

• A fixed amount of money you pay each time you use your plan

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

Renters' insurance covers only your possessions, not the building

• True

• False

Formal request from the policyholder to have the insurance company make a payment for a loss.

• Insurance

• Claim

• Co-Pay

• Premium

Reimburses you for unexpected losses or damages caused by specific hazards to a specific thing

• Risk

• Premium

• Deductible

• Insurance