wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Chapter 9 Insurance Dave Ramsey Key Terms Quiz

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

The recipient of assets passed on from the death of a friend or relative

a)

Beneficiary

b)

Will

2.

Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure

a)

Premium

b)

Claim

3.

Financial cost of obtaining an insurance cover, paid as a lump sum or in installments during the duration of the policy

a)

Premium

b)

Claim

4.

A fixed amount you pay for a covered health care service after you've paid your deductible

a)

Copayment

b)

Liability

5.

The maximum benefit an insurance company will pay a policyholder if/when an insured event occurs.

a)

Policy Limit

b)

Premium

6.

Amount you must pay before you begin receiving any benefits from your insurance company

a)

Deductible

b)

Coverage

7.

The state or quality of being obligated according to law or equity (minimum car insurance required by most states)

a)

Liability

b)

Beneficiary

8.

Specific amount of money that you pay when insurance only covers a portion of costs.

a)

Out-of-pocket expense

b)

Premium

9.

Describes the type of coverage in an insurance agreement Premium: Amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance

a)

Will

b)

Policy

10.

A legally enforceable declaration of how a person wishes his or her property to be distributed after death

a)

Will

b)

Policy

11.

The time between the disabling event and the beginning of payments in your disability coverage is called:

a)

Elimination period

b)

Will