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WorksheetsInsurance
Total questions: 26
Worksheet time: 22mins
Which types of insurance are most appropriate for a single, working, 24-year-old?
Health insurance
Disability insurance
Life insurance
Auto insurance
What role does insurance play in financial planning?
It guarantees that income and assets are protected
It helps build and maintain one's credit score
It helps cover day-to-day expenses
It grows in value and appreciates over time
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
This professional analyzes statistics and uses them to calculate risks and premiums.
Agent
Actuary
Claims Clerk
Underwriter
A stone hits your windshield. Which type of coverage would likely cover this expense?
Collision
Liability
Comprehensive
None
What factors impact the cost of your auto insurance premium?
Deductible amount
The vehicle you are insuring
Your credit score
Your income
Which of the following wouldn't save you money on your auto insurance premium?
Decrease your deductible
Reduce or eliminate optional insurance on an older vehicle
Maintain a good credit history
Bundle your insurance with other policies
Jennifer has an auto policy of $20,000/$40,000/$10,000. The $10,000 covers
Per person bodily injury
Property damage per occurrence
Per occurrence bodily injury limit
Total amount of insured coverage
A policy is a contract between the
Policyholder and the injured person
Driver and the government
Consumer and the insurance company
Consumer and the insurance agent
Under current law, until what age can a child stay on their parents' health insurance?
18
21
26
29
Your health insurance copay is
Amount paid out of pocket before your insurance coverage
Paid by the insurer
Applied on an annual basis
A fixed amount of money you pay each time you use your plan
True or False: Insurance is based on the concept of shared risk, or risk pooling.
True
False
INSURANCE PLAN: Premium=$300/month; Deductible=$500
