Mr. Lee Types of Insurance

Mr. Lee Types of Insurance

12th Grade

19 Qs

quiz-placeholder

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Mr. Lee Types of Insurance

Mr. Lee Types of Insurance

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Erin Johnston

Used 1+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the primary purpose of insurance?

To provide financial protection

To increase wealth

To avoid taxes

To reduce expenses.

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What type of insurance is primarily used to provide financial support to beneficiaries after the policyholder's death?

Health insurance

Auto insurance

Life insurance

Travel insurance

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What type of insurance is designed to cover legal liabilities and damages in case of an accident?

Health insurance

Liability insurance

Life insurance

Travel insurance

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Who is a Policyholder?

A contract between the insurance company and the insured

The risks covered under an insurance policy

Money paid to purchase the policy

Person who owns the insurance policy.

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In a health insurance group of 100 people, what is the chance that any one person could get sick and require $10,000 in medical care?

0.1%

1%

10%

100%

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

How much does Louise pay in co-insurance for the remaining $4,500?

$500

$700

$900

$1,000

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Fill in the blank: Louise's insurance company pays $3,600, and she pays a total of ___.

$1,000

$1,200

$1,400

$1,600

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