Section 11

Question 1

The lower the deductible

Answer 1

the higher the premium

Question 2

To insure something of value since we live in a broken world

To meditate the risk of something bad happening to your property

Answer 2

the point of insurance

Question 3

Fixed amount you pay to your insurance plan even if you don’t use the insurance that period

Answer 3

premium

Question 4

amount you pay for care or a loss before the insurance starts paying their part

Answer 4

deductible

Question 5

Required by most homeowners to renters

Determined by the cost of home and furnishing

Answer 5

homeowner’s/renter’s insurance

Question 6

Must have if you drive on public roads

Answer 6

auto insurance

Question 7

insurance to repair of replace your car if it is damaged in an accident that was your fault or caused by an uninsured driver

Answer 7

collision and comprehensive

Question 8

Mitigates risk of possible health problems

Answer 8

health insurance

Question 9

Four types of health plans

Answer 9

1. HMO
2. PPO
3. HDHP
4. catestrophic health insurance

Question 10

6 ways to control your healthcare expenses

Answer 10

in notebook

Question 11

Life insurance has 2 types

Answer 11

1. whole life rate
2. term life rate

Question 12

Disability insure in case you can’t work anymore indefinitely

Answer 12

Longterm Disability (LTD)

Question 13

Disability insurance for when you have a kid and can’t work

Answer 13

Short term disability (STD)