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Insurance
flashcards reviewing insurance types and costs
15
Mathematics
10th Grade
04/14/2013

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Cards

Term
Insurance that provides money to a beneficiary when a person dies.
Definition
Life Insurance
Term
The amount of money you have to pay out-of-pocket for expenses before the insurance company will cover any costs.
A) premium
B) deductible
C) beneficiary
Definition
B) Deductible
Term
Insurance that financially protects a homeowner from damage costs due to unexpected events.
Definition
Home Insurance
Term
Which type of renter's insurance values items based on how much they have decreased in value since their purchase date?
A) replacement cost policy
B) Cash value policy
Definition
B) Cash value policy
Term
Insurance that financially protects a renter's possessions.
Definition
Renter's Insurance
Term
Which of the following does NOT affect the cost of auto insurance?
A) age
B) driving record
C) marital status
D) all of these affect the cost of auto insurance.
Definition
D) all of these affect the cost of auto insurance
Term
The type of car you drive (will/will not) affect the cost of your car insurance.
Definition
Will
Term
Each of the following will affect the cost of home insurance EXCEPT:
A) color of the home
B) age of the home
C) claims history
D) homeowner's credit score
Definition
A) color of the home
Term
Insurance that replaces a portion of the person's income if they become unable to work due to illness or injury.
Definition
Disability Insurance
Term
The amount of money you pay on a regular basis(usually monthly) for an insurance policy is called a _?_
A) deductible
B) premium
C) copay
Definition
B) premium
Term
Insurance that protects a person against financial losses resulting from injury and illness.
Definition
Health Insurance
Term
Disability Insurance typically pays _?_ pf the person's full-time wage.
A) 50%
B) 100%
C) 60% - 70%
Definition
C) 60% - 70%
Term
A major reason for having life insurance is to pay for a funeral.
True OR False
Definition
True
Term
Each of the following is a type of car insurance EXCEPT:
A) flat tire insurance
B) comprehensive insurance
C) Collision insurance
D) Liability insurance
Definition
A) flat tire insurance
Term
Insurance that financially protects the person against automobile accidents.
Definition
Car insurance
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