Chapter 9 Personal Finance Quiz

It’s wise to have ________ because even if you’re a great driver, there are plenty of people who aren’t.

• Health insurance

• An SUV

• Liability insurance

• A hefty savings account

Life insurance guarantees your loved ones get a certain amount of money when you ________.

• Pass away

• Turn 18

• Get injured

• Move out of the house

________ will provide money to replace lost income for years—even up to retirement.

• Short-term disability

• Necessary insurance

• Identity theft protection

• Long-term disability

Renters insurance will cover you and your belongings if there is ever a fire, theft, or vandalism.

• True

• False

Comprehensive coverage pays for loss or damage to your car caused by _______________.

• Anything other than a collision

• Accidents that happen on the road

• A collision

• Personal injuries

Through the Affordable Care Act, you can stay on your parents' health insurance until . . .

• You turn 26 years old

• You turn 18 years old

• You get married

• You move out of the house

The purpose of life insurance is to replace your ____________ when you die.

• Legacy

• Health care

• Income

• Life

Homeowners insurance costs are _______ in states that are more susceptible to hurricanes, floods or tornadoes.

• Higher

• Nonexistent

• Lower

• Better

Medicare and Medicaid are examples of . . .

• Health Savings Accounts

• Government programs for public health insurance

• Private health insurance companies

• Emergency Medical Systems

Most insurance companies allow a __________, during which you can pay your premium before you lose your coverage.

• Grace period

• Out-of-pocket maximum

• Long-term disability insurance

• Claim