WorksheetsInsurance
Total questions: 18
Worksheet time: 10mins
Name
Class
Date
1.
Life is filled with risk. Every decision involves risk with some more than others.
a)
TRUE
b)
FALSE
2.
The purpose of insurance is to completely transfer risk to other people.
a)
TRUE
b)
FALSE
3.
This type of insurance is more important than life insurance for people in their 20s. (It is likely to be 7x greater than dying)
a)
Disability insurance
b)
Renters insurance
c)
Health insurance
d)
Homeowners insurance
4.
This is the only type of insurance where the person paying for it will not get any of the benefit.
a)
Life insurance
b)
Disability insurance
c)
Renters insurance
d)
Auto insurance
5.
People should buy life insurance to pay for their funerals.
a)
TRUE
b)
FALSE
6.
Policyholders can take loans against some life-insurance policies.
a)
TRUE
b)
FALSE
7.
If you stop making payments on a life-insurance policy, you cannot get any of your money back.
a)
TRUE
b)
FALSE
8.
Some life-insurance policies have a savings/investment feature.
a)
TRUE
b)
FALSE
9.
The premiums for a limited-payment policy are less than the premiums for a whole-life policy with the same amount of coverage.
a)
TRUE
b)
FALSE
10.
Most experts in personal finance say that almost everyone should have life insurance.
a)
TRUE
b)
FALSE
11.
When you shop for life insurance, you should consider only the cost or premium you will pay.
a)
TRUE
b)
FALSE
12.
Auto insurance
Which coverage applies when someone steals your car radio?
Which coverage applies when someone steals your car radio?
a)
Comprehensive
b)
Collision
c)
Uninsured or underinsured motorist
d)
Property-damage liability
13.
Auto insurance
Which coverage applies if your car is in the shop because of an accident you did. You need money to rent a car.
Which coverage applies if your car is in the shop because of an accident you did. You need money to rent a car.
a)
Comprehensive
b)
Collision
c)
Personal Injury
d)
Property-damage liability
14.
Auto insurance
Which coverage applies if you destroy a fence in an accident that is your fault.
Which coverage applies if you destroy a fence in an accident that is your fault.
a)
Comprehensive
b)
Collision
c)
Personal Injury
d)
Property-damage liability
15.
Auto insurance
Which coverage applies if your car is completely destroyed by a fire in your garage.
Which coverage applies if your car is completely destroyed by a fire in your garage.
a)
Comprehensive
b)
Collision
c)
Uninsured or underinsured motorist
d)
Property-damage liability
16.
Auto insurance
Which coverage applies if you injure two people in another car. You caused the accident.
Which coverage applies if you injure two people in another car. You caused the accident.
a)
Comprehensive
b)
Collision
c)
Bodily-injury liability
d)
Medical payments
17.
Auto insurance
Which coverage applies if you hit a deer, which mangles the front end of your car.
Which coverage applies if you hit a deer, which mangles the front end of your car.
a)
Comprehensive
b)
Collision
c)
Bodily-injury liability
d)
Property-damage liability
18.
Auto insurance
Which coverage applies if you cause an accident and your brother dies. Which coverage provides a death benefit for him
Which coverage applies if you cause an accident and your brother dies. Which coverage provides a death benefit for him
a)
Comprehensive
b)
Medical payments
c)
Bodily-injury liability
d)
Personal injury
100 %
