Dave Ramsey Chapter 9 Quiz

The best type of identity theft insurance is one that:

• Monitors your credit report

• Includes restoration services

• Is inexpensive

• Both a and b

In general, a good way to save on insurance premiums is to:

• Get an umbrella policy

• Decrease your deductible

• Increase your deductible

• Increase your stop-loss

Which is a type of insurance to avoid?

• Long-term care insurance

• Mortgage insurance

• Identity theft insurance

• Disability insurance

Which of the following will not likely lead to reduced insurance rates?

• Good grades

• Shopping around

• Driving an older car

• Speeding ticket

An elimination period is the time period:

• Between the disabling event and when payments begin

• When you are allowed to shop around for better rates

• Between the disabling event and when you return to work

• When an insurance company can cancel your policy for late payment

Which of the following is not a true statement about an HSA?

• HSA stands for Health Savings Account.

• It is a good plan for people who have a lot of medical expenses.

• It is a savings account for medical expenses.

• It is tax sheltered.

Which of the following statements is not true about cash value life insurance?

• Cash value is essential for anyone over 65.

• When you die, the insurance company keeps the cash value.

• The fees deducted from your return are high.

• Returns are historically low.

Chose yes or no whether the type of insurance is necessary: Term life insurance

• Yes

• No

Chose yes or no to indicate whether this type of insurance is necessary: Credit Card protection insurance

• Yes

• No

Chose yes or no to indicate whether this type of insurance is necessary: Identity Theft Protection

• Yes

• No