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WorksheetsCD: Insurance
Total questions: 20
Worksheet time: 10mins
All drivers need auto insurance to legally drive.
True
False
Basic rates for auto insurance are the same in all states.
True
False
Term life insurance has a high cash value.
True
False
Homeowner's insurance provides coverage for perils and liabilities for people who own or rent a home.
True
False
Health insurance is probably the most necessary form of insurance to have because the expenses resulting from inllness or accident can be enormous.
True
False
Which is true according to the Affordable Care Act?
Low income people on Medicaid will be removed.
Your employer must provide and pay for health insurance for you.
You can continue to be insured as a dependent on your parent's health insurance plan until age 26.
Preventative services are not covered.
Which is an alternative to traditional health insurance?
safety net insurance (SNI)
health maintenance organization (HMO)
hospital health insurance bundled (HHIB)
major medical and injury insurance (MMII)
Which life insurance is teamed with gradual buildup of a savings account?
term insurance
level term insurance
decreasing term insurance
cash-value insurance
which is not generally covered under a homeowner's insurance policy?
peril
floods
liability
provision for living expeneses
provices liability and other coverages for the operation of a motor vehicle.
risk
deductible
auto insurance
premium
throughout history, people have used insurance to protect themselves from ____, or the chance of a loss.
liability
premium
deductible
risk
A _____ is the amount of money an insured person must pay on medical expenses before the insurance company begins to pay.
deductible
auto insurance
risk
premium
The ____ is the price of an insurance policy.
liability
deductible
premium
auto insurance
_____ is the only type of auto insurance you need to legally drive.
auto insurance
liability
risk
deductible
The person to whom death benefits of a life insurance policy are paid
Beneficiary
Face Value
Catastrophe
Co-Pay
The amount of money to be paid in the event of the policyholder's death
Peril
Beneficiary
No-Fault Insurance
Face Value
A disaster or misfortune
Co-Pay
Beneficiary
Face Value
Catastrophe
A feature that requires a policyholder to share in the expenses beyond the deductible amount
Co-Pay
No-Fault Insurance
Peril
Beneficiary
Auto Insurance where each person's losses and expenses are paid for by his or her insurance company regardless of who caused the accident.
Beneficiary
Face Value
No-Fault Insurance
Peril
A possible damage against which a house is insured
Beneficiary
Peril
Face Value
Catastrophe
