health
Why is health insurance important?
To cover any emergency medical costs you weren’t expecting
What is uninsured/underinsured motorist coverage?
Covers you if someone without insurance hits you.
What does life insurance cover?
Ensures family security if you die
What is disability insurance?
Protects against loss of income due to disability
What are the four types of insurance everyone should have?
Health, life, auto, disability
What percentage of Americans have health insurance through work?
49%
What is liability auto insurance?
Pays for property damage or injuries to another person in an accident where you are at fault.
What is term-life insurance?
Specific amount of time, most coverage for lowest premium
How much does disability insurance cost?
What is a premium? What happens if you do not pay your premium?
Monthly payment for insurance, if not paid, your coverage can be denied or cancelled.
What percentage of Americans buy their own health insurance?
10%
What is personal injury protection?
Covers medical costs for the insured and any passengers in case of an accident
What is permanent life insurance?
Lifelong protection
Why might someone need disability insurance?
if they injure themselves and cant work for a while
How are premiums and deductibles related?
The higher a deductible, the lower the premium. The lower a deductible, the higher the premium.
What is employer health insurance?
Insurance sponsored by employer
What is medical payments coverage?
Goes toward medical expenses if injured in an accident.
What factors determine the cost of life insurance?
Age, health, type of policy, how much coverage you buy
Why is long term disability insurance important?
To cover you if you need surgery or suffer an injury and cannot work for a long period of time
What is a coverage limit?
Total amount insurance will cover.
What are some benefits of individual health insurance?
Freedom
What is full coverage or comprehensive auto insurance?
Covers you if you cause an accident, or if someone else causes it
How much life insurance do experts recommend you have?
10-15X your income
do you need disability insurance if you stub your toe?
no
How are premiums and limits related?
The higher limit, the higher premium.
The lower limit, the lower premium.