Not On Your Life
What is the most affordable form of life insurance?
Term
What will an increase in the amount of your deductible do to the amount of your insurance premiums?
Decrease them
Under the ACA, insurers must allow parent to retain their children on their health insurance up to what age?
26
What is something that will affect your auto insurance premiums?
Type of car you drive, demographics, credit score, driving history, rating territory
If a primary beneficiary dies before the insured, who would receive the death benefit of the policy?
Contingent beneficiary
What is the initial amount of a claim that the insured has to pay.
Deductible
What is the public assistance program that provides health insurance benefits to individuals unable to pay for health care (lower income individuals)?
Medicaid
What do we call it when an insured fails to act in a reasonable manner?
Negligence
What is the first question you should ask when considering the purchase of insurance?
Do I need it?
What type of insurance compensates workers who are injured on the job or who become ill through work-related causes?
Workers' compensation insurance
What type of insurance is designed to help with nursing home, assisted-living, or in-home care due to chronic illness?
Long-term care insurance
What type of coverage would cover the damage to YOUR car when you are at fault in a car crash.
Collision coverage
What life insurance settlement option is chosen by most policyholders?
Lump sum
Who determines what an insurance company will charge for coverage and who they will insure?
Underwriters
What part of Medicare coverage provides for inpatient hospital services?
Medicare Part A
What type of coverage covers damage to an insured automobile from perils other than collision?
Comprehensive automobile coverage
What type of life insurance is a combined savings/investment plan and insurance policy?
Universal life insurance
If you receive monthly Social Security disability benefits
What is a hybrid form of HMO that allows members to go outside of the HMO network for care?
Point-of-service (POS) plan
What is the name of the laws that require individuals to carry at least a minimum amount of automobile liability insurance?
State financial responsibility laws