WorksheetsInsurance Quiz
Total questions: 30
Worksheet time: 15mins
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
An SUV
Liability insurance
A hefty savings account
This type of home insurance covers the structure of your home.
Liability coverage
Homeowner's insurance
Personal property coverage
Dwelling insurance
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 (a) .
________ 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.
True
False
Comprehensive coverage pays for loss or damage to your car caused by (a) .
If you're unable to live in your home while it's being repaired, _______ coverage will cover those additional living expenses.
Renters insurance
Loss of use
Personal property coverage
Dwelling insurance
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
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 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 . . .
Health Savings Accounts
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 __________ 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
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
Glove box
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.
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
Avoid getting into an accident
Raise your monthly premiums
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
You need long-term care insurance before you turn 60 years old.
True
False
