EPF Module 13 Review

EPF Module 13 Review

9th - 12th Grade

30 Qs

quiz-placeholder

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EPF Module 13 Review

EPF Module 13 Review

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Tracee McDonald

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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