WorksheetsChapter 9
Total questions: 30
Worksheet time: 45mins
Insurance helps you transfer the _________ from your bank account to the insurance company.
Risk
Money
Insurance
Health
It's wise to have _________ because even if you're a great driver, there are plenty of people who aren't.
Health insurance
A hefty savings account
An SUV
Liability insurance
This type of home insurance covers the structure of your home.
Homeowner's insurance
Personal property coverage
Dwelling insurance
Liability coverage
If you're young and healthy, medical insurance is not as necessary.
True
False
Life insurance guarantees your loved ones get a certain amount of money when you ____________.
Get injured
Move out of the house
Pass away
Turn 18
____________ will provide money to replace lost income for years—even up to retirement.
Short-term disability
Long-term disability
Necessary insurance
Identity theft protection
In return for paying the insurance company a fee, they will . . .
Manage your money for you
Pay for certain expenses or damages
Give you a paycheck every month
Create your monthly budget
Renters insurance will cover you and your belongings if there is ever a fire, theft, or vandalism.
True
False
Comprehensive coverage pays for loss or damage to your car caused by ___________.
Anything other than a collision
A collision
Accidents that happen on the road
Personal injuries
If you're unable to live in your home while it's being repaired, ____________ coverage will cover those additional living expenses.
Personal property coverage
Loss of use
Renters insurance
Dwelling insurance
Through the Affordable Care Act, you can stay on your parents' health insurance until . . .
You get married
You turn 26 years old
You move out of the house
You turn 18 years old
The purpose of life insurance is to replace your ___________ when you die.
Income
Legacy
Life
Health care
Own occupation disability insurance will pay you if you . . .
You're healthy and able-bodied
Can't work any job
Can't do the job you were educated to do
Are older than 26 years of age
The amount of money the insurance company agrees to pay for an incident is called _______________.
Co-pay
Claim
Deductible
Coverage
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
Homeowners insurance costs are ___________ in states that are more susceptible to hurricanes, floods or tornadoes.
Higher
Nonexistent
Lower
Better
Medicare and Medicaid are examples of . . .
Emergency Medical Systems
Health Savings Accounts
Government programs for public health insurance
Private health insurance companies
Don't get sucked into the __________ scam.
Self-insurance
Term life insurance
Whole life insurance
Health care
Disability insurance isn't intended to make you ___________ but to ______________ when you need it.
Hungry; keep food on your table
Rich; pay your bills
Poor; make you rich
A millionaire; keep you poor
Most insurance companies allow a __________ , during which you can pay your premium before you lose your coverage.
Out-of-pocket maximum
Grace period
Claim
Long-term disability insurance
Your _________ has all the information you'd need in case of an accident.
Glove box
Local police station
Liability insurance
Insurance card
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
People who rely on you financially are called your __________.
Family
Beneficiaries
Dependents
Death benefits
______________ will cover you if someone steals your personal information.
Short-term disability
Identity theft protection
Long-term care insurance
Supplemental insurance
What is a deductible?
The amount of money you pay for your insurance policy every month.
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
Getting good grades, driving safely, and driving an older car are examples of ways you can. . .
Pass your driver's ed test
Raise your monthly premiums
Lower your auto insurance costs
Avoid getting into an accident
Umbrella insurance is coverage for . . .
Things that fall outside of your home and auto insurance policies
Homeowners who cannot afford insurance
Damage to your home in a severe thunderstorm
Your wardrobe and accessories
The cap on the total amount of benefits you can get from your insurance company is called _____________.
Your premium
The deductible
A Health Savings Account
The lifetime limit
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
You need long-term care insurance before you turn 60 years old.
True
False
