Chapter 9: The Role of Insurance Review

You should buy a life insurance policy that's ________ times your annual salary.

• 6-8

• 8-10

• 10-12

• 12-15

What's the payment you make each time you visit the doctor?

• claim

• copay

• premium

• liability

HDHP insurance with a Health Savings Account can save you money on what?

• premiums

• deductibles

• claims

• copays

You can remain on your parents' health insurance plan until you're:

• 21 years old

• 25 years old

• 26 years old

• 29 years old

Which insurance covers you if you're injured and can't work for a period of time?

• long-term care

• renters

• term life

• disability

Whole life insurance is also called each of the following terms except:

• universal

• beneficial

• variable

• permanent

A(n) ______ is someone (typically a child) who relies on your financially.

• premium

• umbrella insurance

• dependent

• deductible

• collision insurance

______ protects you from paying for damages to your car in a collision.

• premium

• umbrella insurance

• dependent

• deductible

• collision insurance

The money you pay each month for health insurance is your ________.

• premium

• umbrella insurance

• dependent

• deductible

• collision insurance

Extra liability coverage on top of your homeowners and auto insurance is called ________.

• premium

• umbrella insurance

• dependent

• deductible

• collision insurance