What is type of Insurance is Major Medical, Comprehensive Medical, Dental, Vision, and Long-Term/Short-Term Disability.
A. Medical Insurance
B. Auto Insurance
C. Life Insurance
100
Insurance companies attempt to determine who was at fault in the accident with this type of Insurance.
A. Life Insurance
B. Auto Insurance
C. Medical Insurance
100
Covers the risk of death of the insured person (certain to occur)
The element of uncertainty is when will the death occur.
A. Medical Insurance
B. Life Insurance
C. Auto Insurance
100
What type of Insurance is Fire Insurance, Loss and Theft Insurance (Personal Property Insurance) (Renter’s Insurance), Liability Insurance, Homeowners Insurance.
A. Property Insurance
B. Auto Insurance
C. Medical Insurance
100
Is a contractual agreement between an individual and an insurer that provides compensation to the individual for a loss of property or life
A. Insurance
B. Coverage
C. Loan
200
Includes doctor, surgical, hospital visits. May also have dental coverage and eye care coverage.
Many employers pay part or all of the premiums on their employees as a fringe benefit.
A. Comprehensive Health Insurance.
B. Dental Health Insurance
C. Vision Health Insurance
200
What is type of Insurance is Bodily Injury, Medical Payments, Uninsured/Underinsured Motorist, Property Damage, Collision, and Comprehensive?
A. Medical Insurance
B. Life Insurance
C. Auto Insurance
200
Provides protection only for a specified period of time.
If the insured dies during this specified period of time, then the insurance company must pay the beneficiary the face value of the policy.
If the insured does not die during the time period, then no benefits are paid by the insurer.
A. Term Insurance
B. Whole Insurance
C. Life Insurance
200
Land and buildings attached to land, such as a house or a garage.
A. Property Insurance
B. Liability Insurance
C. Real Property
200
Is a request for payment when a loss has occurred.
A. Insurance
B. Claim
C. Loan
300
Covers the costs of the dentist, usually 2 visits per year.
It does not cover braces in most cases.
Exclusions: anything related to appearance/cosmetic reasons.
A. Comprehensive Health Insurance.
B. Dental Health Insurance
C. Vision Health Insurance
300
This covers your car from any damage done to it except from moving accidents.
A. Bodily Injury Auto Insurance
B. Collision Auto Insurance
C. Comprehensive Auto Insurance
300
This remains in effect as long as the insured continues to pay the premiums.
The premiums do not change and the policy continues until the insured dies or until the insured decides to cash in (surrender) the policy and take the savings built up.
A. Term Insurance
B. Life Insurance
C. Whole Life Insurance
300
Those assets we have that are not attached to land such as a car, furniture, clothing, etc.
A. Liability Insurance
B. Personal property
C. Emergency Coverage
300
A clause in health insurance that requires the policyholder to pay a percentage of the costs of claim while the insurance company pays the remaining percentage.
A. Co-Pay
B. Co-Insurance
C. Deducible
400
This covers loss of income during recuperation time from an accident or illness.
It pays if you become disabled and unable to work again.
The policy usually pays between 40-70 % of your regular paycheck while you are disabled.
Sold through life insurance companies typically
A. Disability Insurance
B. Comprehensive Health Insurance.
C. Dental Health Insurance
400
Some states do not determine fault in accidents, instead each person is the accident is covered by their own insurance company no matter who is at fault.
A. No-Fault Laws
B. Youngest Driver Laws
C. Oldest Driver Laws
400
Who has lower rates for life insurance
A. Men
B. Women
C. Young People
400
Covers other persons who are hurt when they are on your real property and it is determined to be your fault.
This protects homeowners from legal claims from others whether or not they were invited on the property or not.
This would not cover you or your family from injuries.
A. Emergency Coverage
B. Liability Insurance
C. Property Insurance
400
Health Insurance, Life Insurance, Auto Insurance, Homeowners (Property) Insurance are?
A. Types of Insurances
B. Types of Coverage
C. Types of Investments
500
All persons who work are covered by workers’ compensation and social security.
Workers compensation pays the costs of accidents or illnesses that occur on the job, paid for by the employer.
A. Disability Insurance
B. Comprehensive Health Insurance
C. Government Insurance
500
Nebraska does not have no-fault laws and determines fault. (comparative negligence)
In Nebraska comparative negligence is used to determine how much of the damages or injuries that the part at fault must pay.
A. No-Fault Laws
B. Youngest Driver Laws
C. Comparative negligence
500
Which is the positive of having Term Life Insurance
A. Pay Less
B. Do not get any money back if you don't use it
C. It doesn't last forever
500
it covers:
Fire
Lightning
Windstorm
Hail Damage
Riot
Aircraft
Theft
A. Standard Coverage
B. House Coverage
C. Emergency Coverage
500
Those types of losses not covered by the insurance company.