PF: Chapter 9 Lesson 6 Other Types of Insurance

What is the purpose of disability insurance?

• To cover all your expenses

• To pay your bills and keep food on the table

• To make you rich

• To provide financial resources for your family

Which type of disability insurance is an absolute must-have?

• Short-term disability

• Both short-term and long-term disability

• Neither short-term nor long-term disability

• Long-term disability

What is the elimination period for long-term disability insurance?

• 1 year

• 90 days

• 30 days

• 2 weeks

Who needs disability insurance?

• Only people with high-risk jobs

• Everyone

• No one

• Only people with low-risk jobs

What is the purpose of identity theft protection?

• To provide credit monitoring

• To prevent identity theft

• To cover your personal possessions

• To catch thieves and clean up the mess

When do you need to buy auto insurance?

• When you get a car

• When you turn 18

• When you start driving lessons

• When you get your driver's license

When should you consider buying long-term care insurance?

• When you turn 60

• When you turn 50

• When you start working

• When you retire

Which insurance plans are not necessary if you have health insurance, a Health Savings Account, and a fully funded emergency fund?

• Vision, dental, and cancer insurance

• Auto and homeowners/renters insurance

• Disability and long-term care insurance

• Identity theft protection and life insurance

What is the purpose of insurance?

• To transfer risk you can't afford to take

• To make you rich

• To cover all your expenses

• To protect your personal possessions

What is the importance of having the right types of insurance in place?

• To make you rich

• To protect your wealth from major risks in life

• To cover all your expenses

• To provide financial resources for your family