It's the Question Game!

The process of analyzing exposure to risk and determining how to best handle such exposure

It's the Question Game!

The periodic payment made on an insurance policy

____________ is protection against large-scale financial loss, according to the NEFE program.

It's the Question Game!

Compensation for specific potential future losses in exchange for a periodic payment

John is a new construction worker. Like most new construction workers, he gets assigned the most menial and dangerous jobs, and he gets injured frequently. He hasn't been injured seriously, but he thinks it's time he got some health insurance, "just in case."

When he asks you what features he should have in his health insurance plan, which one of the following would you tell him not to include in the plan?

While driving to the store, you swerved to miss a dog and drove into a tree. You, the dog, and the tree are alright, but it's obvious that it will cost several thousand dollars to fix your new car. You have insurance, but you didn't really read your policy.

When you pull out your policy, what type of coverage are you hoping to see on it?

T or F: According to the NEFE program, any time someone else is dependent on your income to help pay their bills, you need life insurance coverage.

According to NEFE, what is a "deductible"?

It's the Question Game!

The amount of a loss that an insurance policy holder has to pay out-of-pocket before reimbursement begins