Dave Ramsey Chapter 9 Flashcard

Front

The best type of identity theft insurance is one that: Monitors your credit report, Includes restoration services

Back

Both a and b

Front

In general, a good way to save on insurance premiums is to: Increase your deductible

Back

Increase your deductible

Front

Which is a type of insurance to avoid? Long-term care insurance, Identity theft insurance, Disability insurance

Back

Mortgage insurance

Front

Which of the following will not likely lead to reduced insurance rates? Good grades, Shopping around, Driving an older car, Speeding ticket

Back

Speeding ticket

Front

An elimination period is the time period:

Back

Between the disabling event and when payments begin

Front

Which of the following is not a true statement about an HSA? HSA stands for Health Savings Account. It is a savings account for medical expenses. It is tax sheltered.

Back

It is a good plan for people who have a lot of medical expenses.

Front

Which of the following statements is not true about cash value life insurance? Cash value is essential for anyone over 65. When you die, the insurance company keeps the cash value. The fees deducted from your return are high. Returns are historically low.

Back

Cash value is essential for anyone over 65.

Front

Chose yes or no whether the type of insurance is necessary: Term life insurance

Back

Yes

Front

Chose yes or no to indicate whether this type of insurance is necessary: Credit Card protection insurance

Back

No

Front

Is Identity Theft Protection necessary?

Back

Yes