Insurance

Flashcard
•
Life Skills
•
9th - 12th Grade
•
Medium
Matthew Wolferd
Used 1+ times
FREE Resource
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12 questions
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1.
FLASHCARD QUESTION
Front
The federal agency that oversees insurance companies is
Back
Insurance companies are regulated on a state-by-state basis
2.
FLASHCARD QUESTION
Front
What role does insurance play in financial planning?
Back
It guarantees that income and assets are protected
3.
FLASHCARD QUESTION
Front
The out of pocket cost to the insured when a loss occurs is called...
Back
Deductible
4.
FLASHCARD QUESTION
Front
This professional analyzes statistics and uses them to calculate risks and premiums.
Back
Actuary
5.
FLASHCARD QUESTION
Front
A policy is a contract between the
Back
Consumer and the insurance company
6.
FLASHCARD QUESTION
Front
Under current law, until what age can a child stay on their parents' health insurance?
Back
26
7.
FLASHCARD QUESTION
Front
Your health insurance copay is
Back
A fixed amount of money you pay each time you use your plan
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