WorksheetsCRM Chapter 9
Total questions: 28
Worksheet time: 14mins
The purpose of insurance is to _______
transfer risk to the insurance company
save money
increase your wealth
rob you of all the joy in your life
You are required to have this type of insurance if you drive.
collision
comprehensive
liability
full coverage
This type of home insurance covers the structure of your home.
liability
identity theft
personal property
dwelling
Medical insurance is unnecessary if you are young and healthy.
Life insurance guarantees your loved ones get a certain amount of money when you . . .
This type of insurance will provide money to replace lost income for years--even up to retirement.
short-term disability
necessary insurance
identity theft protection
long-term disability
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
Renters insurance will cover you and your belongings if there is ever a fire, theft, or vandalism.
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
If you're unable to live in your home while it's being repaired, _______ coverage will cover those additional living expenses.
renters insurance
personal property coverage
loss of use
dwelling insurance
Through the Affordable Care Act, you can stay on your parents' health insurance until you . . .
turn 26
turn 18
get married
move out of the house
The purpose of life insurance is to replace your _____ when you die.
health care
income
life
legacy
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 amount of money the insurance company agrees to pay for an incident is called. . .
co-pay
deductible
claim
coverage
What type of insurance pays for the treatment of injuries and losses to the driver and passengers?
collision
personal injury protection
uninsured motorist protection
liability
Homeowners insurance costs are _____ in states that are more susceptible to hurricanes, floods, or tornadoes.
higher
nonexistent
lower
better
Medicare and Medicaid are example of
Health Savings Account
government programs for public health insurance
private health insurance companies
Emergency Medical Systems
Don't get sucked into the _______ scam.
self-insurance
whole life insurance
term life insurance
health care
Disability insurance isn't intended to make you rich but to _____ when you need it.
keep you poor
keep food on your table
make you rich
pay your bills
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
Your _______ has all the information you'd need in case of an accident.
local police station
liability insurance
insurance card
Mr. C
A high-deductible health plan with lower monthly premiums is a good option for
the elderly
people who tend to get sick a lot
young-healthy people
college students
People who rely on you financially are called your _______.
family
beneficiaries
dependents
death benefits
This insurance will cover you if someone steals your personal information.
long-term care
identity theft protection
supplemental
short-term disability
The amount you have to pay before the insurance company will make a payment is called
co-pay
premium
rider
deductible
Which of these will not lower your auto insurance costs?
good grades
multiple tickets
no accidents
driver's ed
When should you consider an umbrella policy?
when your net worth is over $50
when you are pretty sure a storm is coming
when your net worth is over $500K
when you want to lower your premiums
You need long-term care when you turn
80
40
60
20
