Insurance

Question 1

List four major types of insurance

Answer 1

life, health, car, house

Question 2

List four careers that involve insurance

Answer 2

insurance attorney, insurance educator, marketing rep, customer service reps

Question 3

What are two types of life insurance?

Answer 3

Term & Whole

Question 4

List three cost factors of life insurance

Answer 4

Probable life expectancy, policy type, contract amount

Question 5

List two types of Health Insurance Policies

Answer 5

Major Medical & Comprehensive

Question 6

List four cost factors of Health Insurance

Answer 6

Age, gender, medical history, type of policy

Question 7

What are two types of ratings?

Answer 7

Individual & Group

Question 8

List three areas protected by property insurance

Answer 8

Fire, Other Perils, Liability

Question 9

List two reasons why we buy property insurance

Answer 9

Mortgage Requirement & Financial Ruin

Question 10

List five perils protected by property insurance

Answer 10

Fire, Riot, Accidental Overflow of Water, Aircraft, Explosion

Question 11

List three perils not covered by property insurance

Answer 11

Flood, Earthquake, Intentional Loss

Question 12

List four cost factors of property insurance

Answer 12

Location, Protection, Type of Construction, Loss History

Question 13

List three reasons to buy auto insurance

Answer 13

The Law, Lien-holder Requirements, Financial Ruin

Question 14

List three types of auto insurance coverage

Answer 14

Liability, Collision, & Comprehensive

Question 15

What are four cost factors to auto insurance?

Answer 15

Age, Gender, Marital Status, What You Drive

Question 16

List four ways to save on auto insurance

Answer 16

Good student discount, clean driving record, driver’s training course, limits/deductables