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Ramsey Chapter 9

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1.
3 points
Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergency fund of $500 or more?
2.
3 points
A legally enforceable declaration of how a person wishes his or her property to be distributed after death
3.
3 points
You should purchase long-term care insurance:
4.
3 points
A specific amount of money that you pay when insurance only covers a portion of costs.
5.
3 points
The purpose of insurance is to:
6.
3 points
Which type of coverage do you NOT need right after high school?
7.
3 points
An amount you must pay before you begin receiving benefits from your insurance company
8.
3 points
Insurance that covers property damage and medical bills if you are at fault in a car accident
9.
3 points
Describes the type of coverage in an insurance agreement
10.
3 points
The type of insurance that covers you if you are unable to work is
11.
3 points
Term life insurance should be avoided because the policy will expire and there is no savings plan built into it.
12.
3 points
The payment made by the insured
13.
3 points
You are involved in a two-car accident in which you are at fault. The other driver is injured and your insurance covers the medical expenses of the victim. This type of insurance coverage is called:
14.
3 points
You only need a will if you have a large estate.
15.
3 points
Which of the following is not a recommended way of lowering your car insurance premiums?
16.
3 points
Which of the following is not a recommended way to save on your health insurance premium?
17.
3 points
You can never be too safe--there is no bad insurance.
18.
3 points
Disability insurance is not necessary if you have good health insurance.
19.
3 points
The type of coverage that protects against losses if you are hit by someone without insurance or in a hit-and-run accident
20.
3 points
A type of coverage that protects against damage to your vehicle is:
21.
3 points
Cash value insurance is more expensive than term life because it funds a savings plan.
22.
3 points
This type of insurance takes care of damage to your car that is not caused by a collision:
23.
3 points
Life insurance policy for a specific period of time is called:
24.
3 points
Which of the following policies would be a duplicate coverage for your health insurance policy?
25.
3 points
A type of life insurance that includes a savings program is
26.
3 points
The recipient of assets passed on from the death of a friend or relative
27.
3 points
Paperwork filed with an insurance company in order to get them to cover a loss
28.
3 points
Which of the following types of insurance is not recommended for a young single adult?
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