NEW
Font size
WorksheetsInsurance Review Game
Total questions: 20
Worksheet time: 15mins
What is insurance?
A financial product that is a gamble on whether or not you get money
A financial product that does not really do anything for you
A financial product that you get free money from
A financial product purchased by people to manage risk.
True or false insurance is important?
True
False
What are types of insurance?
tree insurance, food insurance, drink insurance.
Heath insurance, renters insurance, homeowners insurance, car insurance, disability insurance, long-term care insurance, life insurance.
There aren't any types of insurance.
What is a risk?
Something other people do to see what happens to you
A chance of loss in a event.
The chance of gain in a event
Something you do to see what happens
True or false? A policy is a contract between you and the insurance company.
False
True
What is a policy holder?
The person whom holds the contract with the insurance company.
The insurance company
The person that holds the insurance contracts significant other.
The beneficiary
What specifies all terms on between you and your insurance company?
Premium
Policy
Risk
Coverage
What is long -term care insurance?
It is where you need health care provided to you for a long period of time.
It is where you are unable to work so they supply you with the things that you need.
It is one insurance policy that will last you forever that you pay once.
It is a type of car insurance that protects any possible damages that might occur
What is a claim?
A person trying to get insurance
A person trying to create a new insurance policy
A formal request from the policyholder to their insurance company
A formal request to try and revise your insurance policy
what kind of insurance is it when money is paid to the beneficiary's who were named by the insured person?
Life insurance
health insurance
long-term care insurance
Disability insurance
What is liability?
Coverage on your car or property when it gets damaged
Coverage on your best friends damages to their house
Coverage on another persons property that they damaged
Coverage on another persons injuries or damages if you are responsible
True or false? Emergency savings is money saved up over a period of time incase of a surprise expense
True
False
What is a premium?
where the terms are
money paid towards the policy monthly or yearly
the person who holds the policy
the person that receives the money when someone dies
What is as deductible?
Money paid to the person if something happens to an insured person.
money paid to someone for damage of property
Money paid for the policy
Money paid before insurance will cover in a accident
What is an employee benefit?
Product or service in addition to employee wages
employees wage
money given to you by your family
money from your friends
What is in-kind income?
The donation of a product or service in a loss
Money given to you
money for a birthday present
Money paid before insurance covers
What is long-term care?
Provided care such as a nursing home
money provided when a person is unable to work because of health
Insurance for your whole life
Insurance that will protect you if you die.
True or false. Disability insurance replaces earnings that you can not receive because of health problems
True
false
True or false? you must have car insurance to drive a car
False
True
When should you get life insurance?
When health problems show up
When you can afford it
When your a teenager
When you get your first car
