Insurance

What is the purpose of Liability Insurance?

• Covers damages to your own vehicle

• Protects against the cost of injuries or property damage you cause to others

• Provides coverage for personal belongings inside the home

• Offers protection against medical expenses for pets

What does a Deductible refer to in an insurance policy?

• The maximum amount the insurance will pay out

• The amount you must pay out of pocket before the insurance company pays a claim

• The amount you pay for coverage each month

• The fixed amount you pay for a doctor's visit under a health plan

Which insurance type is specifically designed to cover the cost of long-term care services?

• Health Insurance

• Disability Insurance

• Life Insurance

• Long-Term Care Insurance

What is the main feature of a High-Deductible Health Plan (HDHP)?

• It covers all medical expenses without copays

• It offers a wide network of doctors

• It has no deductible

• It has lower premium costs but higher deductibles

What does the Affordable Care Act aim to provide?

• Financial assistance for long-term care

• Increased access to affordable health insurance

• More affordable vehicle insurance options

• Protection against liability claims

What is typically covered by Comprehensive Car Insurance?

• Legal fees associated with a lawsuit

• Damage to your vehicle from a collision

• Damage to your vehicle from non-collision events like theft or weather

• Personal injury protection regardless of who is at fault

What is the primary purpose of Term Life Insurance?

• To invest in the stock market

• To provide a death benefit to the beneficiary if the insured dies within a specified term

• To cover medical expenses in case of critical illness

• To accumulate cash value over time

Which of the following best describes 'Coinsurance' in a health insurance policy?

• The fixed amount paid for a covered service, typically at the time of service

• The percentage of covered health care costs you pay after you've paid your deductible

• The amount you pay each month for your health insurance policy

• The total amount you must pay out of pocket before the insurance company starts to pay its share