Week 9 of Personal Finance
Contingency insurance typically covers risks that are what?
Associated with the location of a home
Choose the typical benefits that a vision insurance plan provides coverage for. Choose the three that apply. Please do not guess, as incorrect answers are penalized for this question type.
Discounts on contact lenses and eyeglasses Partial payment for laser surgery Routine eye exams
Your insurance carrier may lower your premiums if you have safety features installed as part of your home. Select all that could possibly lower your premium. Choose the five answers that apply. Please do not guess, as incorrect answers are penalized for this question type.
Fire extinguisher Fireproof roofing Deadbolt locks Burglar alarm Smoke detectors
In 1 Corinthians 6:19-20, Paul says, "Or do you not know that your body is a temple of the Holy Spirit within you, whom you have from ____? You are not your own, for you were bought with a price. So glorify God in your body."
God
You may be reimbursed for items covered with personal property insurance under which circumstance(s)?
If the items are lost, stolen, or damaged
What is health insurance?
Insurance against the risk of incurring medical expenses among individuals
____ insurance is one way to help secure financial peace for our loved ones after our death.
Life
The Affordable Care Act requires all health insurance plans to offer certain essential benefits. Choose the five correct answers from the list below.
Prescription drugs Doctor visits Maternity and newborn care Hospitalization Preventative care
Personal property insurance offers which option(s) if your property is lost, damaged, or stolen?
Replacement or repair
Which type of insurance provides coverage for a certain pre-determined amount of time?
Term life insurance
Which of the following is covered by a homeowners insurance policy? Choose the three that apply. Please do not guess, as incorrect answers are penalized for this question type.
The primary residence Connected or adjoining outbuildings Contents of the home
How long can the benefits of long-term disability last?
The rest of your life
What is unique about a High Deductible Health Plans (HDHP?)
They typically feature lower premiums and higher deductibles than traditional insurance plans.
Long-Term Care Insurance
This is an insurance plan that is paid for while a person is working to help with costs when the person is in need of rehabilitation care or nursing home services.
Contingency Insurance
This is insurance that is usually coupled with an existing homeowners or similar policy, and it protects against special circumstances such as natural disasters and property rights.
Disability Insurance
This is insurance that provides income in the case that you are temporarily or permanently disabled.
Tort Insurance
This is insurance that provides specified liability insurance against fraud and civil suits.
Personal Property Insurance
This pays for personal items that are not covered under your homeowners policy and are not any form of real estate.
How might gender play a role in determining rates for life insurance?
Women live longer than men as a general rule, which means they will pay generally lower rates for life insurance.
When you buy a new home, whose responsibility is it to make sure you have homeowners insurance that will replace the costs of building or repairing your home if it is damaged by fire?
You, the homeowner
Contingency insurance covers things like _____________________________.
risks associated with hazards due to nature and similar damages not covered under regular policies
The Bible is our manual in life, including how to take care of our bodies. First Corinthians 6:19-20 says, "Or do you not know that your body is a ____________________ of the Holy Spirit within you, whom you have from God? You are not your own, for you were bought with a price. So glorify God in your ____________."
temple, body
