Life Insurance
Health Insurance
Vocab
100

The type of life insurance policy that offers protection only for a fixed period of time is called 

a. term life insurance.        b. permanent life insurance. 

c. straight life insurance.     d. universal life insurance

a. term life insurance.

100

Is it illegal to not have health insurance?

No

100

Daily Double!!

________________________________________ pays a portion of the income lost if an employee cannot work due to a health condition or an injury

Disability Insurance

200

The person named in a life insurance policy to receive the death benefits is called the 

a. policy holder         b. beneficiary    c. recipient        d. heir

b. beneficiary

200

The type of insurance where the insured and the insurer share losses or costs is _______________________________.

Coinsurance

300

Jayden bought a $75,000 whole life insurance policy at age 25. What is his annual premium?


$870.75

300

Daily Double!! April’s company pays 60% of her annual health insurance premium. If the total monthly premium

for the insurance is $1275, what is April’s share of the annual premium?

$6120

300

Does all life insurance cover your entire life?

No

400

Daily Double!! Aldo just turned 35 and purchases a $350,000 term life insurance policy. 

What does Aldo pay total for 10 years of insurance?


$4,550

400

Sabrina’s medical care bills for a recent illness were $24,620. Her major medical policy did not cover $995 of the bill. Sabrina’s policy had a coinsurance feature that paid 80% of all covered expenses over a $500 deductible. 

What was the amount paid by the major medical policy? 

$18,500

500

Ashley took out a life insurance policy for $120,000. At the end of the fifteenth year, she turned

in the policy for its cash value. How much did she receive from the insurance company?


$9600

500

As part of its benefits package, a company offers dental health insurance to employees. The monthly

premium cost per employee is $173. If the employee pays 47% of the premium, how much is the total

annual premium paid by an employee for the dental insurance?

$975.72

500

 The money you get if you cancel a life insurance policy is called ___________________________________________.

Cash Value

M
e
n
u