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Life & Home Insurance

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Life insurance that protects against loss of life for a specified period of time.

a)

Whole

b)

Term

2.

Life insurance that covers you for your entire life.

a)

Whole

b)

Term

3.

Insurance that covers workers who are injured or become ill do to workplace conditions.

a)

Term Life

b)

Universal Life

c)

Workers Compensation

d)

Workers Medicare

4.

House insurance only covers the home NOT the contents inside the home.

a)

True

b)

False

5.

Type of Home Insurance that protects you from hail

a)

HO-1

b)

HO-2

c)

HO-3

d)

HO-5

6.

Type of Home Insurance that protects you from snow or ice

a)

HO-1

b)

HO-2

c)

HO-3

d)

HO-5

7.

Type of Home Insurance that protects you from all basic risks except flood, earthquakes, war and nuclear accidents

a)

HO-1

b)

HO-2

c)

HO-3

d)

HO-5

8.

If you have personal property that is very valuable you should purchase this in addition to normal insurance.

a)

Personal Property Floater

b)

HO-3 Policy

c)

SR-22

d)

Flood Insurance

9.

Flood insurance is a separate policy from your home insurance.

a)

True

b)

False

10.

You really should purchase life insurance during this time of your life

a)

Teenage Years

b)

College Years

c)

When raising & supporting a family

d)

Right before you die