Insurance

Insurance

Assessment

Flashcard

Life Skills

9th - 12th Grade

Medium

Created by

Matthew Wolferd

Used 1+ times

FREE Resource

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12 questions

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1.

FLASHCARD QUESTION

Front

The federal agency that oversees insurance companies is

Back

Insurance companies are regulated on a state-by-state basis

2.

FLASHCARD QUESTION

Front

What role does insurance play in financial planning?

Back

It guarantees that income and assets are protected

3.

FLASHCARD QUESTION

Front

The out of pocket cost to the insured when a loss occurs is called...

Back

Deductible

4.

FLASHCARD QUESTION

Front

This professional analyzes statistics and uses them to calculate risks and premiums.

Back

Actuary

5.

FLASHCARD QUESTION

Front

A policy is a contract between the

Back

Consumer and the insurance company

6.

FLASHCARD QUESTION

Front

Under current law, until what age can a child stay on their parents' health insurance?

Back

26

7.

FLASHCARD QUESTION

Front

Your health insurance copay is

Back

A fixed amount of money you pay each time you use your plan

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