Insurance Quiz

What are the different types of life insurance?

• Term life insurance, whole life insurance, universal life insurance, and variable life insurance

• Term life insurance, whole life insurance, universal life insurance

• Term life insurance, whole life insurance, variable life insurance

• Term life insurance, whole life insurance, universal life insurance, and variable life insurance

Which factors affect renters insurance?

• Location, value of belongings, deductible, coverage limits

• Weather conditions, proximity to fire station

• Type of rental property, number of previous claims

• Age, marital status, credit score

What affects automobile insurance premiums?

• Driver's age, driving record, type of vehicle, location, coverage level, and credit score.

• Eye color, hair color, height, weight, and shoe size.

• Favorite color, favorite food, favorite movie, favorite song, and favorite animal.

• Number of siblings, favorite hobby, favorite book, favorite TV show, and favorite sport.

What is an insurance deductible?

• The amount of money that an insured person must pay to the insurance company before an accident.

• The amount of money that an insured person must pay to the insurance company after an accident.

• The amount of money that an insured person must pay out of pocket before an insurance company will pay any expenses.

• The amount of money that an insurance company pays to the insured person.

What is an insurance premium?

• The amount of money an individual or business pays to the government for insurance coverage.

• The amount of money an individual or business pays to a bank for insurance coverage.

• The amount of money an individual or business pays to an insurance company for coverage.

• The amount of money an insurance company pays to an individual or business for coverage.

Which type of life insurance provides coverage for a specific term?

• Variable life insurance

• Whole life insurance

• Term life insurance

• Universal life insurance

What is the purpose of an insurance deductible?

• To increase the cost of insurance premiums.

• To provide additional coverage for high-value items.

• To reduce the number of small claims and discourage unnecessary claims.

• To make it easier for policyholders to file claims.

What is the main purpose of life insurance?

• To provide financial support to your family in case of your untimely death.

• To cover the costs of your personal debts and loans.

• To invest in the stock market for long-term growth.

• To save for retirement.

How does a 'beneficiary' relate to a life insurance policy?

• It is the person who pays the insurance premiums.

• It is the insurance agent who sells the policy.

• It is the person designated to receive the death benefit from the policy.

• It is the person who assesses the value of the insured's life.

What is typically covered by a comprehensive automobile insurance policy?

• Only the damages to another vehicle in the event of an accident.

• Only the medical expenses of the policyholder.

• Damage to the policyholder's car from theft, fire, hail, vandalism, and other covered perils.

• Legal fees associated with a lawsuit for slander.