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Please complete the following quiz questions using the separate answer key worksheet.

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Please complete the following quiz questions using the separate answer key worksheet. Be;sure to respond to all of the questions, and include your name in your answer sheet. Then, save;and upload your answer sheet only to the Week 6 Quiz assignment area.;There are 10 questions in the Week 6 Quiz and it is due by Sunday, 11/9/14. If you have any;questions, please contact your instructor. Do not leave your quiz to the last minute give;yourself the gift of time and a clear mind. Good luck!;1. When purchasing homeowner's insurance, you should look for a policy that;a.;will cover the actual cash value of your house and possessions;b.;will cover two times the actual cash value of your house and possessions;c.;will cover the replacement value of your house and possessions;d.;does not adjust your coverage based on inflation, since this could end up costing you;more in annual premiums.;2. Which of the following types of insurance protects you if you are sued for accidentally;damaging someone's property or hurting another person?;a.;Term life insurance;b.;Accidental death insurance;c.;Universal life insurance;d.;Personal liability insurance or an umbrella policy;3. Which type of auto insurance coverage pays if your car is stolen?;a.;Liability;b.;Collision;c.;Comprehensive;d.;Replacement;4.;a.;b.;c.;d.;What is a smart way to decrease your monthly car insurance bill?;Buy a new car every three years.;Switch insurance companies every year.;Opt for a higher deductible and ensure you have that amount in an emergency fund.;Take out a car loan for five years instead of three years.;5. What is the main benefit of term insurance over other types of life insurance?;a.;It builds cash value.;b.;It is less expensive, which means you can afford to purchase coverage adequate to;your needs.;c.;It protects you and your family for the most vulnerable years of your life.;d.;It covers you for your entire life.;(continues on next page);6. When purchasing life insurance, you should look for a death benefit that is;a.;equal to 20 to 25 times your annual financial needs;b.;equal to eight months of living expenses;c.;equal to $1 million times the number of beneficiaries;d.;equal to the value of your house and car loans and all outstanding debts so they can;be paid off in full should you pass away;7. Insurance that covers hospital, surgical, and physician expenses with low maximum dollar;limits of protection and usually no deductibles or copay is called;a. Long-term care insurance;b. Medicaid;c. Basic health insurance;d. Medicare;8. When it comes to insurance, if you rent your house or apartment, you should;a.;purchase insurance that covers both the physical building and your possessions, just;as you would if you were a homeowner;b.;purchase insurance that covers the actual cost of your possessions but does not;cover the building structure;c.;make sure that your landlord has insurance that covers the building and your;possessions;d.;purchase insurance that covers the replacement cost of your possessions but does;not cover the building structure;9. You should consider purchasing long-term care insurance;a. Only if you become chronically ill.;b. During your 30s when rates are low.;c. Only if your family has a history of Alzheimers.;d. By the time you reach the age of 59, even if you are in good health.;10. What is a function of disability insurance?;a. Covers medical costs incurred by an insured and their family.;b. Part B covers medical costs for you and passengers of your insured vehicle, if you;are at fault.;c. Provides income replacement to individuals who are unable to work as a result of;illness or accident.;d. Covers against the risk that personal property will be stolen or damaged by others.

 

Paper#26465 | Written in 18-Jul-2015

Price : $22
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