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CD: Insurance

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

All drivers need auto insurance to legally drive.

a)

True

b)

False

2.

Basic rates for auto insurance are the same in all states.

a)

True

b)

False

3.

Term life insurance has a high cash value.

a)

True

b)

False

4.

Homeowner's insurance provides coverage for perils and liabilities for people who own or rent a home.

a)

True

b)

False

5.

Health insurance is probably the most necessary form of insurance to have because the expenses resulting from inllness or accident can be enormous.

a)

True

b)

False

6.

Which is true according to the Affordable Care Act?

a)

Low income people on Medicaid will be removed.

b)

Your employer must provide and pay for health insurance for you.

c)

You can continue to be insured as a dependent on your parent's health insurance plan until age 26.

d)

Preventative services are not covered.

7.

Which is an alternative to traditional health insurance?

a)

safety net insurance (SNI)

b)

health maintenance organization (HMO)

c)

hospital health insurance bundled (HHIB)

d)

major medical and injury insurance (MMII)

8.

Which life insurance is teamed with gradual buildup of a savings account?

a)

term insurance

b)

level term insurance

c)

decreasing term insurance

d)

cash-value insurance

9.

which is not generally covered under a homeowner's insurance policy?

a)

peril

b)

floods

c)

liability

d)

provision for living expeneses

10.

provices liability and other coverages for the operation of a motor vehicle.

a)

risk

b)

deductible

c)

auto insurance

d)

premium

11.

throughout history, people have used insurance to protect themselves from ____, or the chance of a loss.

a)

liability

b)

premium

c)

deductible

d)

risk

12.

A _____ is the amount of money an insured person must pay on medical expenses before the insurance company begins to pay.

a)

deductible

b)

auto insurance

c)

risk

d)

premium

13.

The ____ is the price of an insurance policy.

a)

liability

b)

deductible

c)

premium

d)

auto insurance

14.

_____ is the only type of auto insurance you need to legally drive.

a)

auto insurance

b)

liability

c)

risk

d)

deductible

15.

The person to whom death benefits of a life insurance policy are paid

a)

Beneficiary

b)

Face Value

c)

Catastrophe

d)

Co-Pay

16.

The amount of money to be paid in the event of the policyholder's death

a)

Peril

b)

Beneficiary

c)

No-Fault Insurance

d)

Face Value

17.

A disaster or misfortune

a)

Co-Pay

b)

Beneficiary

c)

Face Value

d)

Catastrophe

18.

A feature that requires a policyholder to share in the expenses beyond the deductible amount

a)

Co-Pay

b)

No-Fault Insurance

c)

Peril

d)

Beneficiary

19.

Auto Insurance where each person's losses and expenses are paid for by his or her insurance company regardless of who caused the accident.

a)

Beneficiary

b)

Face Value

c)

No-Fault Insurance

d)

Peril

20.

A possible damage against which a house is insured

a)

Beneficiary

b)

Peril

c)

Face Value

d)

Catastrophe