18. a monthly payment in order to have insurance coverage is called a: a) premium b) deductible c)…

18. a monthly payment in order to have insurance coverage is called a: a) premium b) deductible c) liability\n19. which life insurance cost more, is considered an investment, and has much of its money go to the agent: a) disability b) whole life c) term life d) wild life\n20. you must pay a ____ before an insurance company will pay for a car repair. a) deductible b) beneficiaries c) hmo\n21. which type of insurance has “copays”: a) property/home b) health c) life\n22. if you hit another car, what insurance repairs their car and injury cost? a) liability b) uninsured c) collision\n23. which health plan will have a higher premium and insurance will pay for more: a) gold b) silver c) platinum\n24. an insurance policy implies that both the person and the insurance company have: a) disability b) shared liability c) hmo’s\n25. which of the following focus on maintaining good health of the insured person: a) comprehensive b) term life c) hmo\n26. the people who have a greater risk of making a claim on their insurance policy will: a) always be able to get insurance b) usually pay more as a premium c) probably avoid insurance and pay for all bills themselves\n27. what life insurance is cheaper and is only available for a set amount of time? a) term b) comprehensive c) whole\n28. what type of interest is usually used by banks for loans? a) compound b) lack of c) simple\n29. which of the following car insurance types focus on paying the health bills for people injured in a wreck: a) pip insurance b) collision c) comprehensive.\n30. which of the following risks are not used by auto insurance companies when deciding the rate and coverage: a) age/make/model of vehicle b) your age and driving record c) the collateral used on the car loan\n31. which of the following car insurance types focus on paying for damages to vehicles that are not in a wreck: a) pip insurance b) collision c) comprehensive\n32. when voters decide to support local school systems with a penny sales tax it is called a: a) property tax b) splost c) income tax

18. a monthly payment in order to have insurance coverage is called a: a) premium b) deductible c) liability\n19. which life insurance cost more, is considered an investment, and has much of its money go to the agent: a) disability b) whole life c) term life d) wild life\n20. you must pay a ____ before an insurance company will pay for a car repair. a) deductible b) beneficiaries c) hmo\n21. which type of insurance has “copays”: a) property/home b) health c) life\n22. if you hit another car, what insurance repairs their car and injury cost? a) liability b) uninsured c) collision\n23. which health plan will have a higher premium and insurance will pay for more: a) gold b) silver c) platinum\n24. an insurance policy implies that both the person and the insurance company have: a) disability b) shared liability c) hmo’s\n25. which of the following focus on maintaining good health of the insured person: a) comprehensive b) term life c) hmo\n26. the people who have a greater risk of making a claim on their insurance policy will: a) always be able to get insurance b) usually pay more as a premium c) probably avoid insurance and pay for all bills themselves\n27. what life insurance is cheaper and is only available for a set amount of time? a) term b) comprehensive c) whole\n28. what type of interest is usually used by banks for loans? a) compound b) lack of c) simple\n29. which of the following car insurance types focus on paying the health bills for people injured in a wreck: a) pip insurance b) collision c) comprehensive.\n30. which of the following risks are not used by auto insurance companies when deciding the rate and coverage: a) age/make/model of vehicle b) your age and driving record c) the collateral used on the car loan\n31. which of the following car insurance types focus on paying for damages to vehicles that are not in a wreck: a) pip insurance b) collision c) comprehensive\n32. when voters decide to support local school systems with a penny sales tax it is called a: a) property tax b) splost c) income tax

Answer

Brief Explanations:

  1. A premium is the monthly payment for insurance coverage.
  2. Whole - life insurance is considered an investment and a significant portion of the money can go to the agent.
  3. A deductible is the amount you must pay before an insurance company pays for a car repair.
  4. Health insurance often has copays.
  5. Liability insurance repairs the other car and injury costs if you hit another car.
  6. Platinum health plans typically have higher premiums and more coverage.
  7. An insurance policy implies shared liability between the person and the insurance company.
  8. HMOs focus on maintaining the good health of the insured person.
  9. People with a greater risk of making a claim usually pay more as a premium.
  10. Term life insurance is cheaper and available for a set amount of time.
  11. Banks usually use compound interest for loans.
  12. PIP insurance focuses on paying the health bills for people injured in a wreck.
  13. The collateral used on a car loan is not typically used by auto - insurance companies when deciding rate and coverage.
  14. Comprehensive car insurance focuses on paying for damages to vehicles that are not in a wreck.
  15. SPLOT (Special - Purpose Local Option Sales Tax) is when voters support local school systems with a penny sales tax.

Answer:

  1. a) premium
  2. b) Whole Life
  3. a) deductible
  4. b) Health
  5. a) liability
  6. c) Platinum
  7. b) shared liability
  8. c) HMO
  9. b) usually pay more as a premium
  10. a) Term
  11. a) Compound
  12. a) PIP insurance
  13. c) the collateral used on the car loan
  14. c) comprehensive
  15. b) SPLOT