Term
| Insurance that provides money to a beneficiary when a person dies. |
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Definition
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Term
The amount of money you have to pay out-of-pocket for expenses before the insurance company will cover any costs.
A) premium
B) deductible
C) beneficiary |
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Definition
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Term
| Insurance that financially protects a homeowner from damage costs due to unexpected events. |
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Definition
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Term
Which type of renter's insurance values items based on how much they have decreased in value since their purchase date?
A) replacement cost policy
B) Cash value policy |
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Definition
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Term
| Insurance that financially protects a renter's possessions. |
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Definition
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Term
Which of the following does NOT affect the cost of auto insurance?
A) age
B) driving record
C) marital status
D) all of these affect the cost of auto insurance. |
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Definition
| D) all of these affect the cost of auto insurance |
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Term
| The type of car you drive (will/will not) affect the cost of your car insurance. |
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Definition
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Term
Each of the following will affect the cost of home insurance EXCEPT:
A) color of the home
B) age of the home
C) claims history
D) homeowner's credit score |
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Definition
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Term
| Insurance that replaces a portion of the person's income if they become unable to work due to illness or injury. |
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Definition
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Term
The amount of money you pay on a regular basis(usually monthly) for an insurance policy is called a _?_
A) deductible
B) premium
C) copay |
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Definition
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Term
| Insurance that protects a person against financial losses resulting from injury and illness. |
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Definition
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Term
Disability Insurance typically pays _?_ pf the person's full-time wage.
A) 50%
B) 100%
C) 60% - 70% |
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Definition
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Term
A major reason for having life insurance is to pay for a funeral.
True OR False |
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Definition
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Term
Each of the following is a type of car insurance EXCEPT:
A) flat tire insurance
B) comprehensive insurance
C) Collision insurance
D) Liability insurance |
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Definition
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Term
| Insurance that financially protects the person against automobile accidents. |
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Definition
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