WorksheetsInsurance
Total questions: 12
Worksheet time: 6mins
How can you obtain health insurance?
From an insurance agent or through the Health Insurance Marketplace
Through your bank or credit union
Signing up at your family doctor's office
Remaining on your parents' plan if you are under age 30
Your health insurance copay is
Amount paid out of pocket before your insurance coverage
Paid by the insurer
Applied on an annual basis
A fixed amount of money you pay each time you use your plan
Under current law, until what age can a child stay on their parents' health insurance?
18
21
26
29
A policy is a contract between the
Policyholder and the injured person
Driver and the government
Consumer and the insurance company
Consumer and the insurance agent
What information is typically listed on an insurance policy?
Your credit score
Actual Cash Value of the property being insured
A list of your outstanding debts
The policy period
The FDIC insured deposit limit is
$150,000
$200,000
$250,000
$300,000
This professional analyzes statistics and uses them to calculate risks and premiums.
Agent
Actuary
Claims Clerk
Underwriter
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
What role does insurance play in financial planning?
It guarantees that income and assets are protected
It helps build and maintain one's credit score
It helps cover day-to-day expenses
It grows in value and appreciates over time
Each of the following is TRUE about Social Security EXCEPT...
It replaces the need for health and life insurance
It replaces part of your income when you retire
It replaces part of your income if you become disabled
It replaces part of your income if you die leaving survivors
True or False: Insurance is based on the concept of shared risk, or risk pooling.
True
False
The federal agency that oversees insurance companies is
The Federal Trade Commission
The Department of Transportation
The Consumers Union
Insurance companies are regulated on a state-by-state basis
