Vyer 4B Test

Who is the policyholder in a life insurance policy?

• The person who owns the life insurance policy
• The person receiving the death benefit
• The insurance company providing the coverage
• The person assessing the underwriting process

What is a beneficiary in life insurance?

• The person receiving the death benefit
• The person who owns the life insurance policy
• The insurance company providing the coverage
• The person assessing the underwriting process

Which document deals with financial matters and asset distribution?

• Traditional will
• Living will
• Advance healthcare directive
• Power of attorney

Which document allows you to express preferences for medical treatments?

• Traditional will
• Living will
• Advance healthcare directive
• Power of attorney

What personal risk factor can impact insurance rates and coverage options?

• Driving history
• Favorite color
• Eye color
• Employment status

What is the primary goal of emergency preparedness?

• Ensuring personal safety and financial security
• Aquiring essential supplies
• Creating an emergency plan
• Contacting emergency services

When creating an emergency plan, who should you discuss it with?

• Immediate family members and close friends
• Only immediate family members
• Only emergency responders
• Only close friends

What is the primary benefit of establishing an emergency fund?

• It provides immediate financial assistance during natural disasters
• It helps in predicting natural disasters
• It ensures protection against natural disasters
• It covers regular monthly expenses

How should individuals adapt their identity theft prevention plan over time?

• By staying informed and changing their plan based on new accounts
• By relying soley on insuerance coverage for protection
• By avoiding all forms of online communication and financial transactions
• By ignoring emerging threats and security practices

Index fund investing is a strategy that involves:

• Investing in a diverse portfolio of stocks that closely mirror a specific stock market index
• Investing in individual stocks based on expert recommendations
• Putting all your money into a single stock with high growth potential
• Investing exclusively in government bonds for guaranteed returns