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WorksheetsInsurance (1)
Total questions: 21
Worksheet time: 11mins
The person who gets the money when the insured person dies is called a:
Beneficiary
Policy Claim Holder
Comprehensive Refund Holder
Insurance Pay-off Receiver
The total cost of buying insurance, usually per year...
Premium
Coverage Cost
Deductible
Policy
Renters Insurance:
Covers damage to property and personal property.
Insures against damage due to fire.
Covers loss or damage to a renters personal possessions.
What is Health Insurance?
Health Insurance is an insurance contract that describes the type and amount of coverage, as well as premiums and deductibles.
Health Insurance pays for the medical and surgical expenses when an accident happens and you get insured enough to see a doctor.
Health Insurance pays for any damage in an accident when the accident is your fault.
Health Insurance pays for your needs after retirement.
Martin must file a _______ after an accident in order to let the insurance company know about the accident (and hopefully pay for said accident).
Premium
Insurance report
Benefit paper
Claim
What is the amount called the insured person must meet by paying out of pocket before the health insurance pays anything?
Premium
Deductible
Co-payment
Pre-payment
This provides you with some financial protection on a vehicle in case of an accident...
Disability Insurance
Car-Keeping Insurance
Collision Force Insurance
Automobile Insurance
In a whole life insurance policy, this is the accumulated savings to which one is entitled to when and if one cancels the policy:
Deductible
Cash Value
Benefit Period
Premium
Angelica must pay whenever she receives a covered service (like going to the doctor). This is called:
Co-pay
Premium
Claim
Annual deductible
The money a family or beneficiaries receive from a life insurance policy upon the death of the insured:
Death cash-in
Deductible
Policy
Death benefit
Sarah cannot work because she has an illness that makes it very hard for her to do so. However, she still receives money, because she has:
High refund rate
An annual deductible
Disability Insurance
Renters Insurance
Robert makes sure to take advantage of ________ by checking the price of the product in other stores before choosing the best price.
Comparison Shopping
Consumer Counseling Services
Buyers Remorse
Window-Shopping
Insurance that covers damage to one's vehicle when it is involved in an accident:
Liability Insurance
Collision Insurance
Automobile Wrecking Insurance
Life Insurance
A benefit period is best described as:
The length of time during which a benefit is paid
The due date of the annual deductible
When all claims are added up and sent in a report to the policyholder
When one does not have to pay co-pay for services
A formal request for payment related to an event or situation that is covered under an insurance policy:
Annual deductible report
Claim
Beneficiary paper
Insurance report
Means a driver of a motor vehicle, or a class of such drivers, who would be denied insurance coverage by insurance companies, but are required to be covered under U.S. state law:
Assigned Risk Pool
Deductible Insurance
Collision Insurance Policy
No-fault Insurance
The amount you pay for covered health care services before your insurance plan starts to pay each plan year:
Yearly Insurance Claim
Annual Rate
Annual Deductible
Comprehensive
This is the dollar amount that a bondholder will receive at a bond's maturity; also the value printed on a coin, banknote, stamp, etc.
Dollar Amount Payoff
Premium Value
Claim Refund
Face Value
The whole point of insurance:
To protect against possible financial loss
To stop others from destroying property of someone
So you don't have to pay for accidents you cause
To protect your home from burglars
Coverage that provides protection for a residence and its associated financial risks such as property damage and injuries to others:
Civilian Insurance Claim
Property Damage Liability Insurance
Homeowners Insurance
Renters Insurance
