Insurance (B9)

Purchasing insurance is a way to eliminate risk.

• True

• False

When purchasing automobile insurance, which factor could impact the cost of your policy?

• your driving history

• crime rates in your neighborhood

• how many miles you drive to and from work each day

• All of these factors could affect the cost of your policy.

Every American has adequate insurance.

• True

• False

Property that is not permanently attached, such as cars, furniture, and clothing

• personal property

• real property

Which type of automobile insurance is the most important (and legally required in most states)?

• comprehensive

• collision

• liability

• uninsured motorist

Which type of insurance provides income in the event that you are unable to work due to illness or injury?

• health insurance

• life insurance

• disability insurance

• automobile insurance

Who is least likely to need life insurance?

• 50 year old married person with 5 children, aged between 10 and 25

• 30 year old single person with a toddler

• 35 year old single person with no children

• 45 year old single person with an 18 year old child

Even if you have no dependents, what is a reason you may still want to buy life insurance?

• To cover the cost of debt you may have when you pass away

• To cover the cost of funeral expenses

• Both answers are correct.

Which injury will most likely result in an award of worker's compensation benefits?

• I get into a car accident on my way to work.

• I slip and fall in the hallway on the way to the main office and break my ankle.

• I warm up my lunch in my contraband microwave and burn myself.

• I get into an argument with a co-worker and get injured in a physical altercation.

Long-term care insurance will help cover the cost of which service?

• nursing home

• home health care

• assisted living facility

• All of these answers are correct.