Insurance Essentials (Ages 25–35)

What is the primary purpose of health insurance?

• To cover medical expenses in case of illness or injury

• To provide extra income

• To save money for retirement

• To pay off loans

Which type of insurance is important for someone with dependents?

• Life insurance

• Car insurance

• Travel insurance

• Mobile insurance

What factor affects the cost of health insurance the most?

• Age and medical history

• The number of friends you have

• The amount of rent you pay

• The type of clothes you wear

Why should you regularly review your insurance policies?

• To ensure coverage meets current financial needs

• To cancel all insurance plans

• To increase monthly payments unnecessarily

• To avoid using the insurance at all

What is a deductible in an insurance policy?

• The amount you must pay before the insurance company covers expenses

• A fee for canceling an insurance policy

• A penalty for not using insurance

• A reward for staying healthy