Exam 4 (Ch 9 + 10) Flashcards
Insurance helps you:
transfer ____ from YBA to IC
transfer the risk from your bank account to the insurance company
Life insurance guarantees:
your _____ cert amt of _____ when you
your loved ones a certain amt. of money when you pass away
In return for paying the insurance company a fee:
Pay for _____ certain E or D
They will pay for certain expenses or damages
Comprehensive Coverage
Pays _____ L or D to car, except for C (as the cause)
Pays for loss or damage to your car,** except when collision in the cause**
Affordable Care Act, How Long on Parent’s Insurance?
Until you’re 26
Purpose of Life Insurance
Replace I when you ___
replace your income when you die
Coverage
amt _________ company agrees _______ incident
The amt of money an insurance company agrees to pay for an incident
Homeowner’s Insurance costs are higher:
in states, more _____ to HFT
In states more susceptible to Hurricanes, Floods, or Tornados
Has all the info u need in case of an accident
IC
Insurance Card
Covers you if someone steals your personal info
ITP
Identity Theft Protection
Amt you pay b4 insurance company makes any payments
D
Deductible
Lowers your auto insurance costs (3)
GG, DS, DOC
- Getting good grades
- Driving safely
- Driving an older car
Expenses taken out of your paycheck:
W&D
Witholdings and Deductions
Tax on purchase of goods or services
CT (like eating)
Consumption Tax
Every American who earns an income
must do what? (anually) - FTR
Must file a federal tax return each year
