Q.1
The sprinkler system in your house goes off and it damages the flooring
  • Renters Insurance
  • Homeowners Insurance
  • Umbrella Policy
  • Disability Insurance
Q.2
Your house is destroyed by a tornado and you need to rebuild it.
  • Homeowners Insurance
  • Renters Insurance
  • Life Insurance
  • Liability Insurance
Q.3
An unexpected death of a family member occurs and results in funeral expenses
  • Long-term care Insurance
  • Disability Insurance
  • Life Insurance
  • Liability Insurance
Q.4
_________ _________ insurance is a combination of a life insurance policy & a savings acct; it covers the insured for his or her lifetime and any amt the insured pays over the minimum premium goes into an investment acct that earns interest
  • traditional plan
  • whole life
  • term life
  • universal life
Q.5
________ ___________ __________ is a whole life insurance policy that is paid up after a specified number of years, or until the insured reaches a certain age, but offers lifetime protection
  • health maintenance organization
  • preferred provider organization
  • limited payment policy
  • cash value
Q.6
_______ _______ is the amount of money you will receive if you cancel your whole life insurance policy
  • deductible
  • medical
  • term life
  • cash value
Q.7
_______ _________ insurance also known as permanent life insurance, offers financial protection for your entire life
  • term life
  • whole life
  • universal life
  • life
Q.8
The __________ is the person who receives money from a life insurance policy if the insured dies
  • beneficiary
  • life
  • deductible
  • health
Q.9
_______ ________ insurance is for a specified term, such as 5 years, or to a specified age
  • universal life
  • term life
  • cash value
  • whole life
Q.10
A(n) ____________ is a predetermined flat fee you pay for health care services
  • co-insurance
  • whole life
  • co-payment
  • term
Q.11
__________ insurance is financial protection for a family in case the main source of income dies
  • life
  • term
  • medical
  • health
Q.12
_______________ requires you to pay either a set amount or a certain percent of medical expenses
  • co-insurance
  • co-payment
  • life term
  • term life
Q.13
A(n) _________ is the amount of money you must pay each year before your insurance company starts paying
  • life
  • beneficiary
  • deductible
  • health
Q.14
_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the org. to provide you with services
  • preferred provider organization
  • health maintenance organization
  • life insurance
  • non-life insurance
Q.15
__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels
  • health maintenance organization
  • co-payment
  • preferred provider organization
  • co-insurance
Q.16
___________ ______________offers health care coverage where the health care provider is paid a predetermined dollar amount for the service given
  • term life
  • whole life
  • cash value
  • traditional plan
Q.17
______________ insurance provides financial protection against overwhelming medical expenses
  • Health
  • Car
  • Comprehensive
  • Medical
Q.18
Another name for this type of insurance is a warranty
  • Product insurance
  • Health insurance
  • Life Insurance
  • Home Insurance
Q.19
The people who need this the most generally have kids, and always have someone relying on their income
  • Product Insurance
  • Auto insurance
  • Life Insurance
  • Health insurance
Q.20
This is what you have to pay before the insurance company will pay anything
  • coverage
  • dues
  • deductible
  • policy
Q.21
This type of insurance should pay if you severely burn your finger on a toaster and need to go to the hospital
  • Life
  • Health
  • Product
  • Homeowners
Q.22
The total cost of buying insurance, usually per year
  • Premium
  • coverage
  • deductible
  • policy
Q.23
What is the main purpose of insurance?
  • to follow the law
  • to get weathly
  • For investment purposes
  • To reduce risk
Q.24
What year was Obamacare made?
  • 2018
  • 2010
  • 2008
  • 2016
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