Insurance

Front

Which type of insurance is likely to be the lowest priority for a single, working, 24-year-old?

Back

Life insurance

Front

Which federal agency oversees insurance companies?

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

Factors impacting insurance premium: Deductible amount, The vehicle you are insuring, Your credit score, Your income. Which one does NOT impact?

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

Jennifer has an auto policy of $20,000/$40,000/$10,000. The $10,000 covers

Back

Property damage per occurrence

Front

A policy is a contract between the

Back

Consumer and the insurance company