Health Care and Insurance Quiz

It is becoming increasingly common for health care plans to offer lower rates to persons with a healthy lifestyle.

• True

• False

The United States spends a higher percentage of its gross domestic product than any other country.

• True

• False

Young adults may stay on a parent’s health care plans until age 22 or graduating from college whichever comes first.

• True

• False

A group health care plan is sold collectively to an entire group of persons rather than individuals.

• True

• False

If one is covered by workers’ compensation, he or she probably does not need additional health insurance coverage.

• True

• False

Life insurance is insurance that protects against financial losses resulting from death.

• True

• False

A modest funeral can easily cost more than $10,000.

• True

• False

The largest potential financial loss resulting from premature death is lost income.

• True

• False

Cash-value life insurance is sometimes called permanent insurance.

• True

• False

Whole life insurance is a form of cash-value life insurance that provides lifetime insurance protection and expects you to pay premiums for life.

• True

• False