Dave Ramsey - Ch. 9 Insurance Review

When Evelyn purchased a life insurance policy, she wanted to ensure that her family would be financially secure by replacing her ________ if she were to pass away unexpectedly.

• Legacy

• Health care

• Income

• Life

Rohan recently got into a minor car accident and is reviewing his insurance policy. He wants to know what the insurance company will pay for the damages. The amount of money the insurance company agrees to pay for an incident is called ________.

• Co-pay

• Deductible

• Claim

• Coverage

Zoe is reviewing her health insurance policy and notices a term that refers to the cap on the total amount of benefits she can receive from her insurance company. This is called ________.

• The deductible

• A Health Savings Account

• The lifetime limit

• Your premium

When Aiden was involved in a car accident, what type of insurance would cover the treatment of injuries and losses to him and his passengers?

• Collision insurance

• Personal injury protection

• Uninsured motorist protection

• Liability insurance

Aria is considering purchasing umbrella insurance. This type of insurance is coverage for...

• Damage to your home in a severe thunderstorm

• Your wardrobe and accessories

• Things that fall outside of your home and auto insurance policies

• Homeowners who cannot afford insurance

James decided to pay a fee to an insurance company. In return, they will . . .

• Pay for certain expenses or damages

• Give you a paycheck every month

• Manage your money for you

• Create your monthly budget

Ethan is wondering how long he can stay on his parents' health insurance through the Affordable Care Act. Until when can he remain covered?

• You turn 26 years old

• You turn 18 years old

• You get married

• You move out of the house

Priya is looking to insure her new house. Which type of home insurance covers the structure of her home?

• Liability coverage

• Homeowner's insurance

• Personal property coverage

• Dwelling insurance

When Samuel was considering disability insurance, he realized it isn't intended to make you ______ but to ______ when you need it.

• A millionaire; keep you poor

• Hungry; keep food on your table

• Poor; make you rich

• Rich; pay your bills

Ethan noticed that homeowners insurance costs are ________ in states that are more susceptible to hurricanes, floods or tornadoes.

• Higher

• Nonexistent

• Lower

• Better