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Life Insurance Bell 4

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is NOT an option when choosing life insurance?

a)

whole

b)

half life

c)

final expense

d)

universal

2.

What is the average cost for people of ages 18-70 years old

a)

$73.50

b)

$45.99

c)

$68.77

d)

$67.88

3.

What does life insurance cover?

a)

it goes to the government

b)

your savings

c)

family and other beneficiaries or debts

d)

it raises your credit score

4.

Young people do not need life insurance

a)

true

b)

false

5.

which of these is an option for life insurance

a)

term

b)

whole

c)

taxed

d)

variable

6.

When does life insurance pay out?

a)

When you die

b)

when you are born

c)

when you retire

d)

when you have kids

7.

What is the most common type of life insurance?

a)

universal

b)

variable

c)

term

d)

Whole Life

8.

Term offers cash value for the policy holder

a)

true

b)

false

9.

Where can you buy life insurance?

a)

from an insurance company

b)

from your land lord

c)

from an independent online broker

d)

from the bank

10.

Why do many people not get life insurance?

a)

Because they think it is useless

b)

because they do not like their kids

c)

they think it is too expensive