Health/Life
What does Health insurance cover?
Doctor's visits, Hospital Bills, Medical Procedures, Mental Health Issues, Vision Care, Preventative Care, Dental Care, Prescription Drugs, ect…
What are the four types of Coverage?
Liability insurance, Medical payment insurance, uninsured/underinsured motorist insurance, Physical Damage insurance
Who is property insurance provided by?
An individual
What type of insurance is long term, and has property and liability insurance?
individual insurance
What are the benefits of insurance?
It provides financial security & and peace of mind
What is a Dependent?
Someone who relies on someone else for income and care
What insurance is the minimum amount of insurance required by law?
Liability insurance
If a person drives an automobile is a liability required by law?
Yes
What type of insurance has health, disability, and sometimes occasionally life insurance?
Employer insurance.
Is insurance important?
Yes
What is Beneficiary?
Someone who receives money if an insured person dies
What 5 ways are insurance rates determined?
Age, Gender, Driving Record, Place of residence, type & age of vehicle
What are three types of property insurance?
Automobile, Homeowners, Renters
What source of insurance has special programs for those who qualify and for those who are in catastrophes?
Government insurance
Who is the best Basketball team?
UNC (don't fail me)
Who provides Health insurance?
Provided by Individual, employer, and/or Government.
Who does Liability Insurance pay for?
Covers injuries or damage caused to other people, NOT towards yours
What type of insurance is the payment for damage/ loss of property in a rental unit?
Renters insurance
What are employee benefits?
Products or services that add extra value for employees beyond earned wages
What is In-Kind Income?
The donation of a product or service in place of cash
What is the difference between Whole Life insurance and Term Life insurance?
Whole life is permanent, and more expensive. Term Life is cheaper and for a particular short time
What are ways you can save money on automobile insurance?
Avoiding high-performance/expensive vehicles, selecting appropriate coverage & limits, taking advantage of discounts
What type of insurance is the payment to cover liability losses and damage/ loss of home structure and its contents?
Homeowners insurance
What type of insurance do you need if you are having a baby and need medical care?
health insurance
What is a policy? And who is it between?
A contract between the insurance company and the insured that states the exact terms of the policy