Insurance

Front

Which type of insurance shown here is likely the LEAST appropriate for a single, working, 24-year-old?
Health insurance,
Disability insurance,
Billy missed 16 straight questions on the review,
Auto insurance

Back

Disability insurance

Front

The federal agency that oversees insurance companies is

Back

Insurance companies are regulated on a state-by-state basis

Front

What role does insurance play in financial planning?

Back

It guarantees that income and assets are protected

Front

The out of pocket cost to the insured when a loss occurs is called...

Back

Deductible

Front

This professional analyzes statistics and uses them to calculate risks and premiums.

Back

Actuary

Front

A stone hits your windshield. Which type of coverage would likely cover this expense?

Back

Comprehensive

Front

What factor does NOT impact the cost of your auto insurance premium?
Deductible amount, The vehicle you are insuring, Your credit score, Your income

Back

Your income

Front

Which of the following wouldn't save you money on your auto insurance premium?
- Decrease your deductible
- Reduce or eliminate optional insurance on an older vehicle
- Maintain a good credit history
- Bundle your insurance with other policies

Back

Decrease your deductible

Front

What is auto insurance that protects you against cost of your own medical bills if you are involved in a car accident?

Back

Personal Injury Protection [PIP]

Front

A policy is a contract between the

Back

Consumer and the insurance company