Insurance

Flashcard
•
Life Skills
•
9th - 12th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Which type of insurance is likely to be the lowest priority for a single, working, 24-year-old?
Back
Life insurance
2.
FLASHCARD QUESTION
Front
The federal agency that oversees insurance companies is
Back
Insurance companies are regulated on a state-by-state basis
3.
FLASHCARD QUESTION
Front
What role does insurance play in financial planning?
Back
It guarantees that income and assets are protected
4.
FLASHCARD QUESTION
Front
The out of pocket cost to the insured when a loss occurs is called...
Back
Deductible
5.
FLASHCARD QUESTION
Front
This professional analyzes statistics and uses them to calculate risks and premiums.
Back
Actuary
6.
FLASHCARD QUESTION
Front
A stone hits your windshield. Which type of coverage would likely cover this expense?
Back
Comprehensive
7.
FLASHCARD QUESTION
Front
Each of these factors impacts your insurance premium EXCEPT... Deductible amount, The vehicle you are insuring, Your credit score, Your income
Back
Your income
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