Unit 7 (Insurance) Review Question Preview (ID: 13253)
Review For Life Insurance And Health Insurance Unit.
TEACHERS: click here for quick copy question ID numbers.
At what age can you start collecting social security?
a) 67
b) 60
c) 55
d) 50
It is intelligent to only use social security as your one source of income when you retired.
a) True
b) False
c) Not this one
d) Not this one
All insurance companies offer vision insurance coverage
a) True
b) False
c) Not this one
d) Not this one
A 401(k) is a retirement plan where contributions are made through your employer with pre-tax dollars.
a) True
b) False
c) Not this one
d) Not this one
What is one of the differences between a Roth IRA and a traditional IRA.
a) Roth IRA's use pre-tax dollars
b) Roth IRA's use post-tax dollars.
c) Traditional IRA's use post-tax dollars
d) None of the answers.
All companies don't have to offer their employees 401(k).
a) True
b) False
c) Not this one
d) Not this one
A formal request for payment from your insurance after you have paid for medical services.
a) Coverage
b) Claim
c) Deductible
d) Co-insurance
Amount or cost that you pay for insurance.
a) Co-pay
b) Deductible
c) Premium
d) None of the choices
When choosing insurance, which of the following should be considered?
a) Coverage
b) Yearly Cost
c) Max Total Cost
d) All of the cost
As you work and pay into social security over the years, you are earning awards that you will receive once you retire.
a) True
b) False
c) Not this one
d) Not this one
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