***INSURANCE QUIZ-1ST***

What is the main purpose of disability insurance?

• To provide replacement income if you have an accident or illness and can’t work

• To cover your medical expenses if you have an accident or illness and can’t work

• To provide replacement income and cover all your medical expenses if you have an accident or illness and can’t work

• To provide your family with income when you retire

Of the following what is a good reason to have auto insurance?

• It's mandated by law

• Less chance of accident

• It's cheap

• It's expensive

A claims adjuster does which of the following?

• Files a claim

• Investigates a claim

• Decides if the insurance company must pay a claim

• Pays a claim

In a house fire, what does renters' insurance cover?

• The building

• Your possessions

• Your car

• Your health

A person designated to receive a death benefit is?

• Insured

• Legal party

• Beneficiary

• Trustee

The money you agree to pay at regular times for insurance protection is

• Face Value

• Premium

• Cash Value

• Deductible

Which insurance covers your car if it gets stolen?

• Uninsured Motorist

• Collision

• Comprehensive

• Liability

Life insurance provides financial security to survivors after the death of the insured

• True

• False

The type of car you drive affects the cost of your premium.

• True

• False

Sometimes employers will pay for all/part of their employees' health insurance.

• True

• False