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WorksheetsInsurance (2)
Total questions: 17
Worksheet time: 10mins
What is the chance of loss or injury, basically the entire reason insurance exists?
No-Fault
Risk
Comprehensive
Insurance Pool
Having insurance beyond what is necessary:
Managed Care Health Insurance
Face Value
High Premium
Over-Insured
Term Life Insurance:
Insurance that provides protection against loss of life for only a specified term
Insurance that only applies to the policyholder
Insurance that covers the belongings of someone who is renting a property
Insurance for extended care when someone cannot live by themselves
Coverage to protect you against vehicle damages not caused by a collision. For example, it may protect you against vehicle damages caused by: Theft, vandalism, natural disasters, fire, flood, etc.
Annual Premium
Policy
Comprehensive
No-Fault Insurance
Long-Term Care Insurance:
Provides a private health care plan
Coverage that provides protection for a residence and its associated financial risks
Payment for extended care when a person cannot live independently (but doesn't need to be hospitalized)
Prepaid health plans that provide health care to members of a building (like an apartment complex)
An insurance policy for homeowners which compensates for losses due to the default of a mortgage if a person dies or loses their job:
Term Based Life Insurance
Renters Insurance
Mortgage Pay-off
Mortgage Insurance
No-Fault Insurance:
Covers the loss or damage of personal property when a wreck occurs
When an accident occurs, one driver is blamed and their insurance pays for everyone else
An arrangement whereby drivers who are involved in accidents collect money from their own insurance companies
An arrangement where policyholders have there beneficiaries to pay damage costs
Joey is covered by insurance. He is:
Free from all payments if a wreck occurs
A Beneficiary
Insured
At no risk
Prepaid health plans to provide comprehensive health care to their members; contracts with health care providers and medical facilities to provide care for members at a reduced cost:
Managed Care Health Insurance
No-Fault Insurance
Open Policy Insurance
Comprehensive
Non-managed health care insurance is provided through:
USAA
A Public Health Insurance Company
A Bank
A Private Health Insurance Company
Motor vehicle insurance that applies when one damages the property of another person...
Managed Vehicle Protection
Long-Term Policy Insurance
Property Damage Liability Insurance
Automobile Collision Insurance
Whitney's mother is concerned because she is ______, or does not have enough insurance.
Under-insured
Over-insured
A Beneficiary
A policyholder
Unemployment insurance:
A source of income where someone gets insurance for their children for free
A source of income for when someone cannot take care of themselves alone anymore
A source of income when someone gains an illness and are unable to work
A source of income for workers who have lost their jobs due to no fault of their own
80/20 refers to:
Co-Risk
Co-Policy
Co-Insurance
Co-Pay
Permanent policy for which one pays a specified premium each year for the rest of one's life...
Term Life Insurance
Universal Variable Life Insurance
Whole Life Insurance
Managed Health Care Insurance
Universal Variable Life Insurance (VUL):
Prepaid health plans that provide comprehensive health care to their members
Contracts with health care providers and medical facilities to provide care for members at a reduced cost
A life insurance policy that will allow policy holders to provide life insurance benefits to their beneficiaries while at the same time using their life insurance as a saving and investment tool
A dependent:
Requires someone or something for financial, emotional, or other support
Receives money when an insured person dies
Is under-insured
Is over-insured by a private insurance company
