Financial Literacy Chapter 9: Insurance

Prepaid burial policies are a good idea.

Renter's insurance is not necessary if you don't have a lot of expensive things.

Which of the following is NOT a benefit of having a will?

Any insurance with cash value or that combines insurance with investments is a bad idea?

*The time between the disabling event and the beginning of payments in your disability coverage

Which of the following is true?

Which of the following types of insurance is NOT recommended for a young single adult?

Which of the following types of insurance is NOT a recommended way to save on health insurance

Following the 5 foundations will help you one day become self insured.

Life insurance policy for a specific period of time is called:

*Paperwork files with an insurance company in order to get them to cover a loss is called a?

Disability insurance offered through your employer is usually the most expensive option.

Which of the following statements about life insurance is true

Which of the following would not be a huge financial risk if you have an emergency fund.

You should not buy identity theft protection that only provides credit report monitoring.

After high school, you should have the following: Auto, Renters, Health and Long Term Care.

Comprehensive coverage takes care of damage to your car that is not caused by a collision.

The purpose of insurance is to

Which of the following is NOT a recommended way of lowering your car insurance premiums?

Which of the following statements about disability insurance is false?

Insurance to protect a car owner in the event of an accident or damage to a vehicle.

Duplicate coverage, or any extra insurance is not necessary.

Insurance that covers or replaces income lost due to death?

What part of insurance covers medical expenses to other driver if you are at fault.

Good identity theft protection includes restoration services.

____________ insurance covers a loss due to damage, theft, or injury to your home.

A person becomes self-insured when:

The portion of auto insurance that covers losses due to vehicle damage in an accident.

Which of the following policies would be a duplicate coverage for your health insurance?

Which of the following statements about long-term care insurance is false?