WorksheetsLife Insurance (11.3, 11.4)
Total questions: 21
Worksheet time: 12mins
Dan Cooper’s life insurance coverage expires on Dec. 31, 2020
Term
Perm
Doris Mann’s policy from Acme Insurance Co. currently has a cash value of $4,782.68
Term
Perm
Alice Yates’ life insurance policy doesn’t have any value unless she dies during the policy term.
Term
Perm
When do you need life insurance?
If you're married
If you're a single parent
If you have kids
If you don't have a spouse and/or kids
You don't need it.
Who gets your death benefit once you die?
Insurance Company
Business Partner
Your Beneficiaries
Your Pets
Charity
What should you do when your partner is not covered by health insurance and you are?
See if you can add him/her to your health insurance policy.
Help him/her find a health insurance policy through their job.
Do nothing.
Find your own health insurance policy outside of work.
What is true about health insurance?
It's expensive
It's complicated
There's too many options to choose from
It's optional
It's easy to pick the right plan
How can you get covered by health insurance?
Through your job
Through your partners job
Through outside plans
You are always covered since birth
The total cost of buying insurance, usually per year
Premium
coverage
deductible
policy
What is the main purpose of insurance?
to follow the law
to get weathly
For investment purposes
To reduce risk
