Module 2.5 Vocab
Authored by John Bissette
Social Studies
9th - 12th Grade
Used 3+ times
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8 questions
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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
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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