pf insurance (Personal Finance 12)

Cleared checks

Are available as online images for you to refer to, or as reduced images sent with each monthly statement

An ATM check card

Can only be used to withdraw money that is in your account, not to overdraw your account

Payday loans

Charge far more in interest than a typical credit card interest charge

It is important to balance your checkbook every month because:

Even automatic check readers can misread an amount you wrote on your check

Homeowners insurance

If a person in your house was bitten by your dog, which type of insurance would you be covered under?

Renters insurance

If your MP3 player is stolen from your apartment, what type of insurance would it be covered under?

Investing in the stock market

Life insurance is NOT used for:

They generally take in more in premiums than they pay out

Most insurance companies sell you insurance because:

whole life insurance

One of the two types of life insurance is :

A credit union

Requires membership, but in other respects is like a bank

writing a check:

Spell out the dollars and cents on the long line that ends in "Dollars"

balance a checkbook

Subtract any checks in your check register that are not marked as cleared

deductible

The amount that is deducted when you buy a policy

false

True or False: You always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss.

Point-to-point service plan

What is NOT a kind of health insurance:

Deductible

What is NOT a type of insurance?

"something for nothing"

banks offer points or rewards

Auto insurance

if you crashed your car into a house, which kind of insurance would you use:

Overdraft protection

like a credit card you don't use until your checking account gets below a zero balance

An overdraft fee

the fee charged by a bank when your checking account balance goes below zero