WorksheetsInsurance Terminology Quiz
Total questions: 5
Worksheet time: 3mins
What is a claim in insurance?
The amount paid for the policy
A request for payment from the insurer
The person covered by the policy
A type of insurance policy
Which term describes the individual or entity covered by an insurance policy?
Beneficiary
Policyholder
Insured
Underwriter
What does a deductible refer to in insurance?
The total cost of the policy
The amount paid before insurance coverage begins
A type of claim
The maximum payout of a policy
If you are the beneficiary of an insurance policy, you are:
The person who pays the premium
The person who receives the benefits from the policy
The insurance company
The insured individual
Why is understanding insurance terminology important?
It helps you avoid paying premiums
It ensures you can purchase the cheapest policy
It allows for informed decisions about financial protection
It is not important
