Insurance
Authored by CRYSTAL K PHELPS
Financial Education
9th - 12th Grade
Used 4+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each of these are considered an "out of pocket" expense EXCEPT:
Your monthly premium
A copay to fill a prescription
A $1000 deductible if you're in an accident
Excess bills from an accident once you've gone over your maximum coverage limit.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If someone breaks into your car and smashes the window, what type of insurance do you need?
Bodily injury Liability
Property Liability
Collision
Comprehensive
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Medicaid generally helps which group of people?
Elderly or disabled
Low-income households
Anyone who buys from the Marketplace
Employees who work for government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is typically cheaper for younger people?
Whole Life Insurance
Term Life Insurance
Credit Life Insurance
Universal Life Insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of insurance?
To eliminate the need for emergency savings
To make individuals wealthy after a loss
To avoid all types of risk entirely
To transfer risk to an insurance organization
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