WorksheetsInsurance & Assurance
Total questions: 16
Worksheet time: 8mins
Name
Class
Date
1.
The amount paid for insurance is the
a)
closing cost
b)
premium
c)
deductible
d)
assessed value
2.
Bodily injury covers your liability for injury to
a)
yourself
b)
property
c)
others
d)
other cars
3.
Insurance that protects your family against financial loss due to your death is
a)
coinsurance
b)
disability insurance
c)
life insurance
d)
comprehensive insurance
4.
The type of insurance that provides protection against financial loss from medical bills is called
a)
health insurance
b)
coinsurance
c)
life insurance
d)
premium
5.
The person named in a life insurance policy to receive the death benefit is called the
a)
policy holder
b)
beneficiary
c)
recipient
d)
insurance agent
6.
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
a)
term life insurance
b)
bodily insurance
c)
comprehensive
d)
collision
7.
This term pays for protection against loss of life, property, and finances.
a)
collision
b)
premium
c)
insurance
d)
deductible
8.
This type of insurance pays the fees of other doctors who see you in or out of the hospital.
a)
hospitalization insurance
b)
disability insurance
c)
medical insurance
d)
life insurance
9.
This type of insurance pays the expenses of a hospital stay.
a)
medical
b)
surgical
c)
hospitalization
d)
health
10.
Which types of insurance are most appropriate for a single, working, 24-year-old? (hint: choose 3 correct answers)
a)
Health insurance
b)
Disability insurance
c)
Life insurance
d)
Auto insurance
11.
What role does insurance play in financial planning?
a)
It guarantees that income and assets are protected
b)
It helps build and maintain one's credit score
c)
It helps cover day-to-day expenses
d)
It grows in value and appreciates over time
12.
The out of pocket cost to the insured when a loss occurs is called...
a)
Premium
b)
Deductible
13.
A policy is a contract between the
a)
Policyholder and the injured person
b)
Driver and the government
c)
Consumer and the insurance company
d)
Consumer and the insurance agent
14.
An unexpected death of a family member occurs and results in funeral expenses
a)
Long-term care Insurance
b)
Disability Insurance
c)
Life Insurance
d)
Liability Insurance
15.
Your house is destroyed by a tornado and you need to rebuild it.
a)
Homeowners Insurance
b)
Renters Insurance
c)
Life Insurance
d)
Liability Insurance
16.
Food poisoning sends you and your family to the emergency room.
a)
Liability Insurance
b)
Disability Insurance
c)
Life Insurance
d)
Health Insurance
100 %
