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Comparing Life Insurance Policies

Total questions: 16

Worksheet time: 1hrs 6mins

Name
Class
Date
1.

those who will benefit from your insurance

a)

premiums

b)

beneficiaries

c)

dependents

d)

term

2.

a period of time, say 5 years

a)

premiums

b)

beneficiaries

c)

dependents

d)

term

3.

insurance policy payments

a)

premiums

b)

beneficiaries

c)

dependents

d)

term

4.

people supported by your earnings

a)

premiums

b)

beneficiaries

c)

dependents

d)

term

5.

money earned by a whole life policy

a)

premiums

b)

dividend

c)

lapsed

d)

term

6.

Life insurance is not for you but for your family.

a)

True

b)

False

7.
Term coverage allows a person to be insured for their entire life.
a)
True 
b)
False
8.

The coverage period for life insurance is usually LESS than a year

a)

True

b)

False

9.

Buying insurance when you are young will cost you ....

a)

a higher rate.

b)

lower rate.

10.

A neighbor can be your beneficiary?

a)

True

b)

False

11.

no longer in effect: gone, lost

a)

lapsed

b)

beneficiaries

c)

dependents

d)

dividend

12.

Name a reason someone might want to buy life insurance.

4 lines
13.

What will happen if you fail to keep up your life insurance premiums?

4 lines
14.

The cost of life insurance varies. Name one reason why.

4 lines
15.

What could happen if your life insurance company goes out of business?

4 lines
16.

In North Carolina it is illegal to use what to plow cotton fields?

a)

Donkey

b)

Dodge Charger

c)

Elephant

d)

German Shepard