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Insurance
By Marcia C Bernas
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Last updated about 2 years ago
10 questions
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Question 1
1.
Question 2
2.
Question 3
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Question 4
4.
Question 5
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Question 6
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Question 7
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Question 8
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Question 9
9.
Question 10
10.
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)
Which of the following is NOT a type of insurance?
Home
Automobile
Deductible
Disability
One of the two
main
types of life insurance is:
Two-term insurance
Whole life insurance
Group life insurance
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
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
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
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
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
Disability insurance is a way to protect individuals if they have been terminated (fired) from their place of employment.
True
False
If you have insurance premiums of $250 due quarterly (quarterly means 4x per year). How much will you pay annually
$500
$700
$1000
$1025