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Personal Financial Literacy: Insurance Terms

Authored by Jeff Da Moude

Mathematics

9th - 12th Grade

Used 3+ times

Personal Financial Literacy: Insurance Terms
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40 questions

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1.

DRAG AND DROP QUESTION

1 min • 1 pt

A person who compiles and analyzes statistics to calculate risk and determine insurance rates and premiums

​ (a)  

actuary
insurance agent
investment banker
IRS agent

2.

DRAG AND DROP QUESTION

1 min • 1 pt

Health insurance that provides protection against the high cost of treating severe or lengthy illness or disabilities and usually has a high deductible and lower premiums.

​ ​ (a)  

Catastrophic Health Insurance
Homeowner's Insurance
Auto Insurance
Renter's Insurance

3.

DRAG AND DROP QUESTION

1 min • 1 pt

Children's Health Insurance Program. A program that provides low-cost health coverage to children in families who earn too much money to qualify for Medicaid.

​ (a)  

CHIP
Medicaid
Medicare
Private Health Insurance
Blue Cross Blue Shield

4.

DRAG AND DROP QUESTION

1 min • 1 pt

A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy.

​ (a)  

claim
request
application
demand
petition

5.

DRAG AND DROP QUESTION

1 min • 1 pt

Auto insurance that protects you against costs to repair your own vehicle after a crash.

​ (a)  

Collision Coverage
Comprehensive Coverage

6.

DRAG AND DROP QUESTION

1 min • 1 pt

Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.

​ ​ (a)  

Comprehensive Coverage
Collision Coverage
Liability Coverage

7.

DRAG AND DROP QUESTION

1 min • 1 pt

 The portion of a car insurance policy that spells out the details for how to make a claim, what information you must have, how much time you have, and how to cancel your policy.

​ (a)  

Conditions of the Policy
Deductible
Cost of Premium

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