Insurance Review

What happens when you increase your premium?

• Your deductible increases

• Your deductible decreases

• Your deductible matches your premium

• There is no change to your deductible

_______ is the amount you pay for your insurance policy

• Premium

• Deductible

• Co-pay

• Co-Insurance

______ is the amount you pay before your insurance pays

• Co-Pay

• Premium

• Deductible

• Co-Insurance

Which of the following does NOT impact the cost of health insurance?

• Age

• Previous health issues

• Whether or not you are a smoker

• The type of car you drive

_________ will cover your bills while you are disabled or cannot work, with an injury or illness for a certain amount of time.

• Disability Insurance

• Renters Insurance

• Health Insurance

• Life Insurance

Which of the following will NOT impact your auto insurance

• The type of car you drive

• Your driving record

• Your age

• Your name

_______ is a payment you make every time you use a specific good/service of your insurance plan

• Co-insurance

• Co-pay

• Deductible

• Claim

______ is a request for an insurance company to honor their coverage contract when loss occurs

• Claim

• Deductible

• Co-pay

• Premium

_________ is the exposure to the chance of loss

• Premium

• Insurance

• Avoidance

• Risk

Which insurance will pay out if you pass away during a set period of time?

• Whole Life Insurance

• Death Insurance

• Term Life Insurance

• Health Insurance