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Insurance & Retirement

Authored by Haley Hopkins

Mathematics

9th - 12th Grade

Used 17+ times

Insurance & Retirement
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Customer asking for a payment based on the terms of the insurance policy

Actuary

Claim

Copay

Deductible

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A set dollar amount you agree to pay each time you receive medical treatment, while the insurance company agrees to pay the rest.

Deductible

Premium

Copay

Claim

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Amount you agree to pay towards your losses before your insurance coverage will begin paying.

Copay

Premium

Claim

Deductible

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Lower monthly premiums and pay less out of pocket

HMO

PPO

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of insurance?

Build wealth

Transfer risk

Build relationships

Manage assets

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Manny has car insurance and was in an accident with a bill totaling $11,500. The insurance company says he needs to pay the first $1000. What does the $1000 represent?

Deductible

Premium

Coverage limit

Policy limit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following does not affect your car insurance premium?

Age

Gender

Driving Record

The make and model of your mom's car

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