Insurance

Front

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

Back

Life 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

Which factor does NOT impact your 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 does the $10,000 in Jennifer's auto policy of $20,000/$40,000/$10,000 cover?

Back

Property damage per occurrence

Front

A policy is a contract between the

Back

Consumer and the insurance company