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200
100
Terminology & Concepts
500
300
400
200
100
Health & Disability Insurance
300
400
500
200
100
Life Insurance
500
300
400
200
100
Property & Liability Insurance
300
400
500
200
100
Other/Supplemental
Insurance
300
400
500
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This is the dollar amount you pay towards your expenses before the
insurance company pays their portion.
What is the deductible?
Terminology & Concepts - 100
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This is the percent of your expenses you pay after the
deductible.
What is coinsurance?
Terminology & Concepts - 200
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The amount of a money your receive if you cancel a cash value
insurance policy before the insured dies.
What is cash surrender value?
Terminology & Concepts - 300
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Government sponsered health plan for those 67 and older.
What is Medicare
Terminology & Concepts - 400
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A life insurance policy that provides death benefit coverage for a specific
time period.
What is Term Life Insurance?
Terminology & Concepts - 500
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You can get discounts on your insurance rates by taking these
types of measures.
Preventive measures
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John gets all the insurance money if his wife Mary, dies. John is the
___________
Beneficiary
Health & Disability - 200
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The money paid to survivors.
What are proceeds
Health & Disability - 300
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This type of health insurance plan costs more but provides you with the greatest choices of doctors.
What is fee-for-service or indemnity plan?
Health & Disability - 400
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These health care plans limit your choice of doctors. Health
Maintenance Organizations (HMOs) and Preferred Provider Organizations
(PPOs) are in this category.
What are managed health care plans?
Health & Disability - 500
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Because it is temporary insurance protection and has no savings
component, it costs less than other types of life insurance.
What is term life insurance?
Life Insurance - 100
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Which Insurance whould cover losses from someone who breaks
into your apartment and steals your laptop, television and $300 in cash?
Renters Insurance?
Life Insurance - 200
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When Jessie needs health care, she goes to her primary care physician who decides whether
Jessie should see a specialist. Jessie has which type of health insurance?
What is an HMO?
Life Insurance - 300
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This type of life insurance is usually provided by a company for an employee but ends when the
employee leaves the company
What is term insurance?
Life Insurance - 400
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These two types of life insurance have a savings component and allow you to choose your own
investments.
What is whole life or variable (univerasal life)
Life Insurance - 500
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A home owner policy that covers fire, smoke, windstorm and riots
is otherwise know as :
11 perils
Property & Liability - 100
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Name 6 of the 11 named “perils”
They include fire or lightning, loss of property from fire, windstorm or hail, explosion, riots, aircraft, vehicles, smoke, vandalism, theft and breakage of glass. All homeowner’s policies cover the eleven perils.
Property & Liability - 200
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When purchasing homeowner’s insurance to cover your home,
this is uninsurable.
What is land?
Property & Liability - 300
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You add these to your standard homeowner’s policy to increase
coverage on items that are inadequately covered (such as jewerly
or art).
What is a rider?
Property & Liability - 400
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The amount of money the beneficiary will receive upon the
death of the insured
What is proceeds or face value?
Property & Liability - 500
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Low-income, blind or elderly persons can obtain health care through this program funded by the state and
federal government.
What is Medicaid?
Other/Supplemental - 100
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Which policy should renters get to cover their property.
What is HO-4?
Other/Supplemental - 200
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Which insurance privides coverage for both an in-network and out of network
doctors.
What is a PPO?
Other/Supplemental - 300
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Which policy has the lowest premium Group or Individual?.
What is group insurance?
Other/Supplemental - 300
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Give an advantage of having an HMO plan.
What is Lower cost?
Other/Supplemental - 500
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