Dave Ramsey Chapter 9 Insurance
Authored by LEIGH ANN DAWSON
Other
9th - 12th Grade
Used 55+ times
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About
This quiz covers personal finance with a specific focus on insurance principles and financial risk management, appropriate for grades 9-12. The content addresses comprehensive insurance literacy including types of coverage (auto, health, life, disability, renters, homeowners), insurance terminology (deductibles, premiums, elimination periods, beneficiaries), and strategic financial planning concepts like risk transfer and self-insurance. Students need to understand the fundamental purpose of insurance as risk management rather than investment, distinguish between term and cash value life insurance, evaluate cost-saving strategies across different insurance types, and apply decision-making skills to determine appropriate coverage for different life stages. The quiz emphasizes practical applications such as calculating adequate coverage amounts, understanding policy features, and recognizing when certain insurance products may be unnecessary or counterproductive to sound financial planning. Created by Leigh Ann Dawson, an Other subject teacher in US who teaches grade 9-12. This comprehensive assessment serves multiple instructional purposes in personal finance education, functioning effectively as a chapter review following Dave Ramsey curriculum instruction, a formative assessment to gauge student comprehension of insurance concepts, or homework reinforcement of classroom discussions about financial risk management. The quiz structure supports differentiated instruction through its mix of terminology matching, scenario-based decision making, and true/false conceptual questions, allowing teachers to identify specific areas where students need additional support. Teachers can utilize this assessment for test preparation, small group discussions about insurance choices, or as a foundation for project-based learning activities involving insurance comparison shopping. The content aligns with personal finance education standards including NFEC financial literacy competencies and state-specific personal finance graduation requirements that emphasize insurance literacy and risk management skills.
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48 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Insurance is a necessary part of a financial plan
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is important to remember that insurance is a financial product (Buyer Beware)
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would not be a huge financial risk?
Your identity gets stolen
Car accident
Medical Emergency
You lose your cell phone
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The time between a disabling event and the beginning of payments for your disability
Elimination period
Out of pocket
Stop Gap
Deductible
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Life insurance policy for a specific period of time
Level
Term
Whole Life
Universal
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of insurance?
Provide an investing opportunity
Develop a savings plan
Transfer financial risk
All of the above
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is not a recommended way of lowering your car insurance premiums?
Drop your car insurance
Get good grades
Shop around to different companies
Increase your deductible
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