What is the term for a contract in which an individual receives financial protection against losses from an insurance company?
EPF Module 13 Review

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium
Tracee McDonald
Used 1+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Deductible
Premium
Insurance
Coverage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss?
Benefit
Premium
Face Value
Claim
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'deductible' refer to in an insurance policy?
The amount you pay out of pocket before insurance covers the rest
The amount paid by the insurance company for a claim
The total coverage amount of the policy
The premium paid monthly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a formal request made to an insurance company for payment for a loss called?
Deductible
Coverage
Claim
Premium
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the sum of money for which an insurance cover is obtained?
Deductible
Claim
Face Value
Premium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a condition which does not allow a person to perform the duties of any occupation for payment as a result of injury or sickness?
Temporary Disability
Partial Disability
Total Disability
Permanent Disability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for money that is paid by a company when someone dies, becomes sick, or stops working?
Premium
Deductible
Benefit
Claim
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