Personal Finance 5

The amount paid for insurance is the

• closing cost

• premium

• deductible

• assessed value

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 person named in a life insurance policy to receive the death benefit is called the

• policy holder

• beneficiary

• recipient

• insurance agent

This type of insurance pays the fees of other doctors who see you in or out of the hospital.

• hospitalization insurance

• disability insurance

• medical insurance

• life insurance

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

• premium

• bonus payout

• term payment

• deductible

If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

• disability

• health

• premium

• hospitalization

Who gets your death benefit once you die?

• Insurance Company

• Business Partner

• Your Beneficiaries

• Your Pets

• Charity

When do you need life insurance?

• If you're married

• If you're a single parent

• If you have kids

• If you don't have a spouse and/or kids

• You don't need it.

How can you get covered by health insurance?

• Through your job

• Through your partners job

• Through outside plans

• You are always covered since birth