Worksheetschapter 5: Planning for uncertainties
Total questions: 15
Worksheet time: 8mins
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
What is the main purpose of insurance?
to follow the law
to get weathly
For investment purposes
To reduce risk
You probably do not need this if you have enough money
Love
insurance
premium
taxes
A child's parent passes away suddenly. This insurance will help cover the loss of finances.
Auto Liability
Long Term Care
Disability
Life
Contract between the person and insurance company
Policy
Policy holder
Premium
Risk
Person who owns the policy
Policy
Policy holder
Premium
Risk
A _______________ is a bill submitted to the insurance company for payment.
claim
coininsurance
co-payment
Health Savings Account (HSA)
Which one is more expensive?
Term Life Insurance
Whole Life
Antara logo dibawah, yang manakah bukan berkenaan dengan insurans?
