Financial literacy

A product that transfers risk from an individual to an insurance company.

• Premium

• Policy

• Deductible

• Insurance

The chance of loss from an event that can not be entirely controlled

• Risk

• Premium

• Policy

• Insurance

An insurance contract that states what risks are covered and how much money will be paid for losses.

• Risk

• Deductible

• Policy

• Premium

The amount paid out of pocket by the policyholder for the initial portion of loss before insurance coverage begins.

• Premium

• Policy

• Deductible

• Insurance

The money paid to an insurance company to purchase a policy.

• Policy

• Premium

• Deductible

• Risk

David mother died in a car accident and took out a _____ insurance policy to financially help her loved ones after she passed away.

Christopher's family has to take him to the doctor for his fever and body aches. What type of insurance would be used in this case?

• Long Term

• Disability

• Life

• Health

Helen's father is in a car accident and cannot work for 5 weeks. To replace what her dad gets paid from work, disability insurance is the right insurance to have?

• True

• False

The purpose of insurance is to make you financially better off than you were before the accident?

• True

• False

Which documentation does NOT need to be provided to complete a Form I-9?

• Driver's License

• Credit Card

• Passport

• Social Security card

• Birth certificate