Worksheets5C: Insurance
Total questions: 10
Worksheet time: 5mins
What is the primary purpose of health insurance premiums?
To cover the cost of routine check-ups
To pay for the insurance policy itself
To provide a cash payout upon death
To invest in the stock market
Which type of life insurance provides a death benefit and has a cash value component?
Term life insurance
Universal life insurance
Major medical insurance
Dental insurance
What distinguishes term life insurance from other types of life insurance?
It accumulates cash value over time
It provides coverage for a specific period
It includes dental and vision benefits
It requires no premium payments
What is a co-payment in the context of health insurance?
A monthly fee for maintaining insurance
A fixed amount paid by the insured for a covered service
A percentage of the total medical bill
A refund from the insurance company
Who are beneficiaries in the context of life insurance?
The insurance company
The policyholders
The individuals designated to receive the death benefit
The medical providers
How does cash value insurance differ from term life insurance?
It provides coverage for a limited time
It includes a savings component
It is only available to seniors
It does not require medical exams
What type of insurance typically covers expenses related to hospital stays and surgeries?
Life insurance
Major medical insurance
Dental insurance
Vision insurance
Which type of insurance is specifically designed to cover dental and vision care?
Universal life insurance
Term life insurance
Dental and vision insurance
Major medical insurance
What is the main feature of universal life insurance that differentiates it from term life insurance?
It has a fixed premium
It offers flexible premiums and death benefits
It is only available for a short term
It does not provide a death benefit
What is the role of a health insurance premium?
To provide immediate cash benefits
To fund the insurance policy and cover potential claims
To pay for non-medical expenses
To invest in real estate
