Unit 8 - Insurance

Front

Which type of insurance is likely to be the lowest priority for a single, working, 24-year-old? Options: Health insurance, Disability insurance, Life insurance, Auto insurance

Back

Life insurance

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

Each of these factors impacts your insurance premium EXCEPT... Deductible amount, The vehicle you are insuring, Your credit score, Your income

Back

Your income

Front

Under current law, until what age can a child stay on their parents' health insurance?

Back

26

Front

Your health insurance copay is

Back

A fixed amount of money you pay each time you use your plan

Front

How can you obtain health insurance? Options: From an insurance agent or through the Health Insurance Marketplace, Through your bank or credit union, Signing up at your family doctor's office, Remaining on your parents' plan if you are under age 30

Back

From an insurance agent or through the Health Insurance Marketplace

Front

Which of the following would be covered under your renter's insurance policy?
- Damage to the exterior of the property
- Your clothes damaged due to a faulty water sprinkler or your laptop stolen from your apartment
- Your roommate's personal belongings in the rental unit
- Damage to a detached shed on the property

Back

Your clothes damaged due to a faulty water sprinkler or your laptop stolen from your apartment