unit 4 Flashcards
Insurance helps you transfer the _____ from your bank account to the insurance company
risk
Life insurance guarantees your loved ones a certain amount of money when you
pass away
In return for paying the insurance company a fee, they will
pay for certain expenses or damages
Comprehensive coverage pays for loss or damage to your car caused by
anything other than a collision
Through the affordable care act, you can stay on your parents health insurance until
you turn 26 years old
the purpose of life insurance is to replace your ____ when you die
income
The amount of money the insurance company agrees to pay for an accident
is coverage
Homeowners insurance costs are ____ in states that are more susceptible to hurricanes, floors, or tornados
higher
your ___ ___ has all the information you would need in case of an accident
insurance card
____ _____ ______ will cover you if someone steals your personal information
Identity theft protection
_____ is the amount you have to pay before the insurance company will make a payment
deductible
Getting good grades, driving safely, and driving an older car are examples of ways you can
lower your auto insurance costs
Withholdings and deductions are expenses that are taken out of
your paycheck
The tax on the purchase of goods or services is called
consumption tax
Every American who earns an income must file a
federal tax return each year
