Insurance

Which type of Insurance Policy costs more but provides a cash value which can be used by the policy owner.

• Term Life

• Whole Life

• Liability Insurance

• Umbrella Policy

Which Type of Insurance Policy is a death benefit only with no cash value.

• Term Insurance

• Whole Life

• Liability Insurance

• Umbrella Policy

Why is it important to have insurance?

• To protect others from your mistakes

• To protect your assets from claims by others

• Guard against financial loss that can not be predicted

• All of the above

What is the name for the portion of a claim that you must pay before the insurance coverage kicks in?

• Premium

• Benefit

• Contracted amount

• Deductible

What is the name of the agreement that you have with an insurance company for coverage in exchange for payments?

• Umbrella

• Policy

• Deductible

• None of the above

What is another name for the payments which must be made to the insurance company in order to have coverage?

• Premium

• Deductible

• Liability

• Benefit

What is the name of an insurance product which covers your home and the contents inside.

• Renters Insurance

• Auto Insurance

• Homeowners Insurance

• Life Insurance

What is the compensation paid to an insurance salesman or agent called?

• Bribery

• Deductible

• Fee

• Commission

In what state was Mr. Sendelbaugh Born

• Iowa

• Oregon

• Illinois

• Arizona

If you do not own your home which type of insurance should you purchase to cover your personal belongings (contents)?

• Renters Insurance

• Liability Insurance

• Homeowners Insurance

• Life Insurance