WorksheetsChapter 9 Personal Finance Quiz
Total questions: 17
Worksheet time: 6mins
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
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
________ will provide money to replace lost income for years—even up to retirement.
Short-term disability
Necessary insurance
Identity theft protection
Long-term disability
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
Accidents that happen on the road
A collision
Personal injuries
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
The purpose of life insurance is to replace your ____________ when you die.
Legacy
Health care
Income
Life
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 . . .
Health Savings Accounts
Government programs for public health insurance
Private health insurance companies
Emergency Medical Systems
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
People who rely on you financially are called your __________.
Family
Beneficiaries
Dependents
Death benefits
__________ will cover you if someone steals your personal information.
Long-term care insurance
Identity theft protection
Supplemental insurance
Short-term disability
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.
Getting good grades, driving safely, and driving an older car are examples of ways you can...
Lower your auto insurance costs
Raise your monthly premiums
Avoid getting into an accident
Pass your driver's ed test
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
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
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
