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Financial Literacy - Insurance Flashcards | StudBud
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Financial Literacy - Insurance
Financial Literacy - Insurance
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1
Protects against loss of wages if you become unable to work.
Health Insurance
Disability Insurance
Car Insurance
Life Insurance
2
Insurance that covers people against lawsuits resulting from an automobile accident.
Car Insurance
Health Insurance
Disability Insurance
Renter's Insurance
3
Protects possessions and home from theft, fire or damage.
Disability Insurance
Car Insurance
Homeowner's Insurance
Life Insurance
4
You are required by law to have car insurance.
False
True
5
Money paid out of pocket before insurance pays the remaining.
Life Insurance
Homeowner's Insurance
Health Insurance
Deductible/Copay
6
Pays for doctor's visits and hospital stays.
Car Insurance
Health Insurance
Renter's Insurance
Life Insurance
7
Insurance that provides benefits for a beneficiary when a policyholder dies.
Disability Insurance
Life Insurance
Deductible/Copay
Car Insurance
8
Teen drivers have lower car insurance premiums.
True
False
9
The amount paid for an insurance policy is called a
copay
premium
deductible
down payment