Insurance Quiz

What is NOT a risk management strategy?

• acceptance

• avoidance

• denial

• all answer choices

What is NOT a benefit of having health insurance?

• insurance helps pay for essential health exams and tests

• if you have to be rushed to the hospital, insurance can pay for an ambulance

• insurance can provide partial income if you can't work

• the young and healthy often pay higher insurance premiums

What is a benefit of having insurance?

• assurance that if an accident happens, personal financial loss will be less

• knowing that you won't have to cover all the expenses in case of an accident

• confidence that you can afford medical care during an illness

• all of the answer choices

Jada has the opportunity to have her company pay 100% of her life insurance for as long as she is employed there. Which type of insurance would be the best value for Jada?

• term life

• permanent, whole life

• health insurance only

• term life permanent, whole life

Zack is a young adult no longer covered under his parent's health insurance plan. How would having health insurance help him manage risk?

• health insurance would provide Zack with a good lifestyle

• health insurance minimizes the chance that Zack would incur financial loss

• health insurance is a low-cost alternative compared to other insurances

• all of these would help Zack manage risk