• 1. 
    Insurance that protects your family against financial loss due to your death is

  • coinsurance
  • disability insurance
  • life insurance
  • comprehensive insurance
  • 2. 
    You have a $20 copay every time you go to the doctor. You have a $250 deductible, and a $1000 annual premium for health care. How much money do you have to pay out of pocket before insurance kicks in?

  • $20
  • $100
  • $250
  • $1000
  • 3. 
    The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called

  • term life insurance
  • bodily insurance
  • comprehensive
  • collision
  • 4. 
    After your knee surgery, you are unable to work for 3 months and you need help paying expenses while you're out of work

  • Disability Insurance
  • Health Insurance
  • Life Insurance
  • Automobile Insurance
  • 5. 
    Which type of Life Insurance policy only pays a beneficiary when a person dies during a time period?

  • Term Life Insurance
  • Whole Life Insurance
  • Variable Life Insurance
  • Universal Life Insurance
  • 6. 
    What type of insurance coverage is considered specialized?

  • Floods and earthquakes
  • Stolen or destroyed property
  • Loss of Use
  • Property Damage from a fire
  • 7. 
    The purpose of insurance is to completely transfer risk to other people.

  • TRUE
  • FALSE
  • 8. 
    You crash your car into another vehicle and hurt someone else in the car

  • Bodily Injury Liability
  • Property Damage Liability
  • Collision Insurance
  • Comprehensive Insurance
  • 9. 
    Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid

  • employee benefits
  • co-insurance
  • deductible
  • coverage
  • 10. 
    The amount you pay for an insurance policy.

  • Rider
  • Premium
  • Deductible
  • Co-Pay
  • 11. 
    Of the four parts of auto insurance coverage, which part protects only the other person involved in an accident?

  • Liability
  • Comprehensive
  • Collision
  • Medical Payments/Bodily Injury
  • 12. 
    This term pays for protection against loss of life, property, and finances.

  • collision
  • premium
  • insurance
  • deductible
  • 13. 
    If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

  • disability
  • health
  • premium
  • hospitalization
  • 14. 
    __________ insurance is financial protection for a family in case the main source of income dies

  • life
  • term
  • medical
  • health
  • 15. 
    Provides payments for both liability and property insurance on a vehicle

  • disability insurance
  • automobile insurance
  • coverage
  • deductible
  • 16. 
    The __________ is the person who receives money from a life insurance policy if the insured dies

  • beneficiary
  • life
  • deductible
  • health
  • 17. 
    Someone breaks into your apartment and steals your iPad.

  • Homeowners Insurance
  • Liability Insurance
  • Comprehensive Insurance
  • Renters Insurance
  • 18. 
    _______ _______ is the amount of money you will receive if you cancel your whole life insurance policy

  • deductible
  • medical
  • term life
  • cash value
  • 19. 
    Provides payment to replace earnings during times when workers cannot work due to illness or injury

  • disability insurance
  • dependent
  • emergency savings
  • beneficiary
  • 20. 
    ______________ insurance provides financial protection against overwhelming medical expenses

  • Health
  • Car
  • Comprehensive
  • Medical
  • 21. 
    When you shop for life insurance, you should consider only the cost or premium you will pay.

  • TRUE
  • FALSE
  • 22. 
    In which of the following scenarios will you obligated to pay the least amount of money out-­‐of-­‐pocket for medical expenses?

  • You have no insurance.
  • You have health insurance with a $500 deductible.
  • You have auto insurance with a $700 deductible.
  • You have health insurance with a $1,500 deductible.
  • 23. 
    Which of the following typically have the highest insurance premiums.

  • Young, inexperienced drivers
  • Older, experienced drivers
  • Drivers who have with safe driving records
  • Drivers who travel long distances
  • 24. 
    Food poisoning sends you and your family to the emergency room.

  • Liability Insurance
  • Disability Insurance
  • Life Insurance
  • Health Insurance
  • 25. 
    A(n) ____________ is a predetermined flat fee you pay for health care services

  • co-insurance
  • whole life
  • co-payment
  • term
  • 26. 
    _____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the org. to provide you with services

  • preferred provider organization
  • health maintenance organization
  • life insurance
  • non-life insurance
  • 27. 
    _______ _________ insurance also known as permanent life insurance, offers financial protection for your entire life

  • term life
  • whole life
  • universal life
  • life
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