Module 2.5 Vocab

Module 2.5 Vocab

9th - 12th Grade

8 Qs

quiz-placeholder

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Module 2.5 Vocab

Module 2.5 Vocab

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

John Bissette

Used 3+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

executor

the person responsible for carrying out the actions of a will

monthly sum of money paid for an insurance policy whether the policy is used or not

financial protection from life events that could be devastating financially for a person without coverage

all of the financial assets and debts that a person has at the end of their life

2.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

estate

all of the financial assets and debts that a person has at the end of their life

filed after an event that requires an insurance policy to go into effect

financial protection from life events that could be devastating financially for a person without coverage

person who will benefit financially from an insurance policy payout


3.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

beneficiary

the amount of money an individual must pay when using an insurance policy before the company will pay its portion

the person responsible for carrying out the actions of a will

monthly sum of money paid for an insurance policy whether the policy is used or not

person who will benefit financially from an insurance policy payout

4.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

premium

legal document that determines what happens with a person’s assets when they die

monthly sum of money paid for an insurance policy whether the policy is used or not

filed after an event that requires an insurance policy to go into effect

5.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

The _________ is the amount of money an individual must pay when using an insurance policy before the company will pay its portion

deductible

estate

insurance

claim

6.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Insurance is financial protection from life events that could be devastating financially for a person without coverage

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Will

legal document that determines what happens with a person’s assets when they die

financial protection from life events that could be devastating financially for a person without coverage

monthly sum of money paid for an insurance policy whether the policy is used or not

How much money a person takes home after taxes

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