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WorksheetsBus Law 4.02 { Insurance]
Total questions: 23
Worksheet time: 12mins
Michael works for Omega Company. All employees at Omega are offered health insurance through XYZ Insurance. Omega pays the cost of Michael’s major medical health insurance. Michael pays $200 per month for coverage on his wife and children through a payroll deduction. What type of health insurance does Michael have?
group
Individual
personal
private
John wants to add his new wife to his existing life insurance policy. Which type of insurance will John purchase?
dental
spousal rider
long term care
short term care
Fran is 80 years old and has to go to the doctor every month for treatments. What type of social security benefit will cover her?
medicare
disability
retirement
dental
Anthony wants to add his new wife Cassandra to his existing life insurance policy. Which type of insurance will Anthony purchase?
dental
spousal rider
long term care
short term care
On her 65th birthday, Teresa needs health care for a medical procedure. What type of social security benefit can she receive?
medicare
disability
retirement
dental
Tommy met with his financial planner and discussed retirement options. Due to Tommy's poor health, the planner suggested he purchase insurance that would provide coverage in case he could no longer take care of himself. Which type of insurance will Tommy purchase?
dental
spousal rider
long term care
short term care
When Rick begins his new job, he gets insurance and pays for it monthly. He develops cancer and must have radiation treatments. His insurance will not cover the radiation treatments. What term identifies this situation?
exclusion
renewal
cancelled
expire
Fran is 80 years old and has to go to the doctor every month for treatments. What type of social security benefit will cover her?
medicare
disability
retirement
dental
During a recent violent storm in Kate's town, a large oak tree fell through the middle of her living room. Which type of insurance will cover the damages?
life
homeowners
renters
auto
Matthew lost his arm and leg in a farming accident. Which type of insurance will cover this loss?
Accidental Death and Dismemberment
disability
retirement
dental
Linda stepped into a hole and fractured her ankle while delivering a package to Carol's residence. Which type of insurance would cover her injuries?
life
homeowners
renters
auto
James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. The Smiths have three children. Joan’s single sister, Mary, lives with them and cares for the children. The Smiths do not have a will. Mr. and Mrs. Smith are concerned about dying together in an auto accident. To be sure their children get the life insurance money, how should the children be listed in the policy?
heirs
Contingent beneficiaries
insured
beneficiary
James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. The Smiths have three children. Joan’s single sister, Mary, lives with them and cares for the children. The Smiths do not have a will. Mr. Smith wants Mrs. Smith to get the money from the insurance if he dies. How should Mrs. Smith be listed in the policy?
heirs
Contingent beneficiaries
insured
beneficiary
Frank falls off a ladder at work and breaks his back. Sussie begins to yell out of fear and not knowing what to do. Social security could cover him under what type of benefit?
Accidental Death and Dismemberment
disability
retirement
dental
After agreeing to sell her home to Jack, Lila refuses to turn over the paperwork due to a better offer from Sam. Jack needs to ask a judge to stop the sale to Sam by getting what?
injunction
medigation
money damages
negeliance
Roger wants to purchase insurance that will provide financial support for his family in the event of his death. Which insurance should he purchase?
life
homeowners
renters
auto
Jose falls off a ladder at work and breaks his leg. Social security could cover him under what type of benefit?
Accidental Death and Dismemberment
disability
retirement
dental
During a recent violent storm in Kate’s town, a large oak tree fell through the middle of her living room. Which type of insurance will cover the damages?
life
homeowners
renters
auto
James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. The Smiths’ financial budget is tight, but they need more life insurance protection. What kind of policy would be the best buy for the Smiths?
term
whole life
Comprehensive
liability
James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. Each policy has a cash value of $5,000. The premium is $30 per month for James and $25 per month for Joan. What is the consideration that makes a valid insurance contract?
cash value
premium
Beneficiary
face amount
Linda stepped into a hole and fractured her ankle while delivering a package to Carol’s residence. Which type of insurance would cover her injuries?
life
homeowners
renters
auto
Max lost his arm in a farming accident. Which type of insurance will cover this loss?
Accidental Death and Dismemberment
disability
retirement
dental
Roger wants to purchase insurance that will provide financial support for his family in the event of his death. Which insurance should he purchase?
life
homeowners
renters
auto
