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Insurance
By Marcia C Bernas
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Last updated almost 2 years ago
10 questions
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Question 1
1.
Most insurance companies sell you insurance because:
The government requires them to
They are charitable institutions with a mission to reduce hardship
They generally take in more in premiums than they pay out (they make a profit)
Question 2
2.
Which of the following is NOT a type of insurance?
Home
Automobile
Deductible
Disability
Question 3
3.
One of the two
main
types of life insurance is:
Two-term insurance
Whole life insurance
Group life insurance
Question 4
4.
If a person in your house was bitten by your dog, which type of insurance would you be covered under?
Life insurance
Health insurance
Disability insurance
Homeowners insurance
Question 5
5.
A deductible is:
The discount you deduct from your premium
The amount you pay when you file an insurance claim
The amount that is deducted when you buy a policy
The discount received by a health care provider
Question 6
6.
True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographic location.
True
False
Question 7
7.
Your friend is injured while visiting your leased apartment. Her medical costs are most likely to be covered under:
Your health insurance
Your renter's insurance
Your friend's life insurance
Question 8
8.
True or False: Term Life Insurance will pay a death benefit to your beneficiary only during the time period of the insurance policy.
True
False
Question 9
9.
Disability insurance is a way to protect individuals if they have been terminated (fired) from their place of employment.
True
False
Question 10
10.
If you have insurance premiums of $250 due quarterly (quarterly means 4x per year). How much will you pay annually
$500
$700
$1000
$1025