An insurance contract is known as a(n)
A regular payment required to purchase insurance is known as a
Tiffany was recently involved in a vehicle accident. In order to get her car fixed, her insurance company is requiring her to pay the first $500 of the repair bill because:
A special addition to an insurance policy that covers a specific loss not covered in the standard policy is a(n)
It is recommended that life insurance be purchased when the:
A plan in which you pay for health services as you receive them is called a
A specific amount you pay for particular services regardless of the cost of those services is a
Patty recently rented and moved into a new apartment with her friend Emma. Who is responsible for purchasing renter’s insurance?
A formal request made to an insurance company for payment of a loss is a(n)
James received his first medical bill of the year. It was a total of $1000. His health insurance policy has a $500 deductible and a 20% co-insurance. How much of the medical bill will James be responsible to pay?
Insurance that only pays for damage you caused to another vehicle is called
True or False? Reducing deductible amounts should reduce premium amounts.
True or false? Insurance limits the amount of financial losses.
True or False? Males under the age of 21 are normally charged less for automobile insurance that people over age 25.
True or false? Term life insurance has a cash value
True or false? Open enrollment means that during a specified time each year employees may sign up for the employee-sponsored health plan.
Permanent life insurance provides a death benefit but no savings plan.
Group insurance is less expensive to administer per person because of the large number of people in the plan.
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