NEW
Font size
WorksheetsDave Ramsey - Chapter 9 Review
Total questions: 46
Worksheet time: 4hrs 50mins
Whole Life Insurance is also called each of the following terms except . . .
Universal
Beneficial
Variable
Permanent
Which insurance covers you if you're injured and can't work for a period of time?
Long-Term Care
Renter's
Term Life
Disability
You can remain on your parents' health insurance plan until you are ____.
21 years old
25 years old
26 years old
29 years old
HDHP insurance with a health savings account can save you money on what?
Premiums
Deductibles
Claims
Copays
What is the payment you make each time you visit the doctor?
Claim
Copay
Premium
Liability
You should buy a life insurance policy that's ______ times your annual salary.
6-8
8-10
10-12
12-15
_____ protects you if you're the victim of a hit-and-run accident.
Collision Insurance
Uninsured/Underinsured Motorist Protection
Personal Injury Protection
Liability Insurance
The purpose of _____ is to transfer financial risk.
investing
copays
insurance
coverage
You can save money on life insurance (and invest that money) by getting a(n) _____ policy.
Whole Life Insurance
Term Life Insurance
Health Savings Account
Long-Term Care Insurance
____ covers loss to your personal items but not the building.
Renter's Insurance
Dwelling Insurance
Homeowner's Insurance
Supplemental Insurance
Your _____ is the amount you have to pay before insurance pays.
Copay
Premium
Deductible
Claim
The _____ indicates the most you would pay for health insurance in a year.
Lifetime Limit
Out-of-Pocket Minimum
Deductible
None of these
Collision Insurance is a type of coverage with _____.
Auto Insurance
Disability Insurance
Umbrella Insurance
Comprehensive Insurance
Extra liability coverage on top of your homeowner's and auto insurance is called _____.
Liability Insurance
Personal Injury Protection
Disability Insurance
Umbrella Insurance
The money you pay each month for health insurance is your _____.
premium
copay
deductible
out-of-pocket cost
A(n) ____ is someone (typically a child) who relies on your financially.
beneficiary
family member
dependent
None of these
You need long-term care insurance before you turn 60 years old.
True
False
Insurance companies look at ____ to determine the cost of your premium.
your FICO score and how well you pay down debts.
how much you have in savings and how likely you are to start investing in the next year
life expectancy charts, your weight, your age, your hobbies and whether you smoke
your income
The cap on the total amount of benefits you can get from your insurance company is called _____.
the deductible
a Health Savings Account
the lifetime limit
your premium
Umbrella insurance is coverage for . . .
damage to your home in a severe thunderstorm.
your wardrobe and accessories.
things that fall outside of your home and auto insurance policies.
homeowners who cannot afford insurance.
Getting good grades, driving safely, and driving an older car are examples of ways you can . . .
lower your auto insurance costs.
avoid getting into an accident.
raise your monthly premiums.
pass your driver's ed test.
What is a deductible?
The amount of money the insurance company agrees to pay.
The amount you have to pay before the insurance company will make a payment.
When you report an incident and ask to be compensated for the cost.
The amount of money you pay for your insurance policy every month.
_____ will cover you if someone steals your personal information.
Long-term Care Insurance
Identity Theft Protection
Supplemental Insurance
Short-term Disability
People who rely on your financially are called your ______.
family
beneficiaries
dependents
death benefits
A high-deductible health plan with lower monthly premiums is a good option for ____.
the elderly
people who tend to get sick often
young, healthy people
college students
Your ____ has all the information you'd need in case of an accident.
local police station
liability insurance
insurance card
glove box
Most insurance companies allow a ____, during which you can pay your premium before you lose your coverage.
grace period
out-of-pocket maximum
Long-Term Disability Insurance
claim
Disability insurance isn't intended to make you ____ but to ____ when you need it.
a millionaire; keep you poor
hungry; keep food on your table
poor; make you rich
rich; pay your bills
Don't get sucked into the ____ scam.
Self Insurance
Whole Life Insurance
Term Life Insurance
Health Care
Medicare and Medicaid are examples of _____.
Health Savings Accounts
government programs for public health insurance
private health insurance companies
Emergency Medical Systems
Homeowner's insurance costs are ____ in states that are more susceptible to hurricanes, floods, or tornadoes.
higher
non-existent
lower
better
What type of insurance pays for the treatment of injuries and losses to the driver and passengers?
Collision Insurance
Personal Injury Protection
Uninsured Motorist Protection
Liability Insurance
The amount of money the insurance company agrees to pay for an incident is called ____.
copay
deductible
claim
coverage
Own occupation disability insurance will pay you if you ____.
can't work any job
can't do the job you were educated to do
you're healthy and able-bodied
are older than 26 years of age
The purpose of life insurance is to replace your _____ when you die.
legacy
health care
income
life
Through the Affordable Care Act, you can stay on your parents' health insurance until ____.
you turn 26 years old
you turn 18 years old
you get married
you move out of the house
If you're unable to live in your home while it's being repaired, ____ coverage will cover those additional living expenses.
Renter's Insurance
Loss of Use
Personal Property
Dwelling Insurance
Comprehensive coverage pays for loss or damage to your car caused by ____.
anything other than a collision
accidents that happen on the road
a collision
personal injuries
Renter's insurance will cover you and your belongings if there is ever a fire, theft, or vandalism.
True
False
In return for paying the insurance company a fee, they will . . .
pay for certain expenses or damages.
give you a paycheck every month.
manage your money for you.
create your monthly budget.
____ will provide money to replace lost income for years - even up to retirement.
Short-Term Disability
Necessary insurance
Identity Theft Protection
Long-Term Disability
Life insurance guarantees your loved ones get a certain amount of money when you ____.
pass away
turn 18
get injured
move out of the house
If you're young and healthy, medical insurance is not as necessary.
True
False
This type of home insurance covers the structure of your home.
Liability Coverage
Homeowner's Insurance
Personal Property Coverage
Dwelling Insurance
It's wise to have ____ because even if you're a great driver, there are plenty of people who aren't.
health insurance
an SUV
Liability Insurance
a hefty savings account
Insurance helps you transfer the _____ from your bank account to the insurance company.
risk
money
insurance
health
