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The purpose of insurance is to:
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
After high school, you should have the following types of insurance: auto, renterʹs, health and long-term care insurance.
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
A person becomes self-insured when:
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
Savings accounts and money-market accounts are most appropriate for:
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
Single stocks and mutual funds carry the same amount of risk.
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
The benefit of diversification in your investments is:
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
Duplicate coverage, or any extra insurance on top of your existing insurance, is not necessary.
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
Company Xʹs board of directors has decided to issue a portion of its earnings to its shareholders.If you own stock in Company X, you can expect to receive a(n):
Transfer financial risk
True
Reduced risk
Their kids are grown, they have no debt, and they have fully funded retirement
Emergency funds and short-term goals
False
Dividend
False
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