Chapter 9 Insurance Dave Ramsey Pre-Test

Quiz

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Education

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9th - 12th Grade

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Practice Problem

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Easy

LaToya Moore

Used 18+ times

FREE Resource

About this resource

This quiz focuses on insurance fundamentals and basic estate planning concepts, targeting 9th through 12th grade students in a personal finance or life skills course. The questions assess students' understanding of essential insurance terminology including premiums, deductibles, claims, policy limits, copayments, and liability coverage, along with related financial planning concepts like wills and beneficiaries. Students need to demonstrate mastery of vocabulary that forms the foundation of financial literacy, specifically the language used in insurance contracts and financial planning documents. The content requires students to differentiate between similar concepts, such as distinguishing between premiums (what you pay for coverage) and claims (requests for payment), and understanding the relationship between deductibles, copayments, and out-of-pocket expenses in healthcare coverage. Created by LaToya Moore, an Education teacher in the US who teaches grades 9-12. This vocabulary-focused assessment serves multiple instructional purposes, functioning effectively as a pre-assessment to gauge students' prior knowledge before beginning an insurance unit, a formative assessment during instruction to check comprehension, or a review tool to reinforce key terminology. The quiz format makes it particularly suitable for warm-up activities at the beginning of class or as homework to prepare students for more complex insurance calculations and scenarios. This assessment aligns with personal financial literacy standards including CCSS Mathematical Practices for problem-solving and reasoning, and supports state-specific financial literacy requirements that emphasize understanding insurance as a risk management tool and the importance of estate planning documents in personal financial security.

Chapter 9 Insurance Dave Ramsey Pre-Test

11 questions

The recipient of assets passed on from the death of a friend or relative

Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure

Financial cost of obtaining an insurance cover, paid as a lump sum or in installments during the duration of the policy

A fixed amount you pay for a covered health care service after you've paid your deductible

The maximum benefit an insurance company will pay a policyholder if/when an insured event occurs.

Amount you must pay before you begin receiving any benefits from your insurance company

The state or quality of being obligated according to law or equity (minimum car insurance required by most states)

Specific amount of money that you pay when insurance only covers a portion of costs.

Describes the type of coverage in an insurance agreement Premium: Amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance

A legally enforceable declaration of how a person wishes his or her property to be distributed after death

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