1. Dental expense insurance provides reimbursement for: (Points : 1) oral examinations. fillings. extractions. inlays. all of the other answers.

Question 12. 12. The purpose of an appraisal is to: (Points : 1)

estimate the current value of a home. reduce the amount paid for property taxes. qualify for a reduced mortgage rate. eliminate the need for home insurance. reduce fees paid to realtor.

Question 13. 13. Your home insurance policy has a $250 deductible. If a small fire causes $600 damage to your home, what amount of the claim would the insurance company pay? (Points : 1)

$250 $350 $450 $600 not able to determine from this information

Question 14. 14. Possible losses due to negligence resulting in bodily harm or property damage to others are called ____________ risks. (Points : 1)

speculative liability property personal commercial

Question 15. 15. Which one of the following refers to a category based on age, sex, marital status, and driving habits that is used to set automobile insurance premiums? (Points : 1)

rating territory assigned risk pool no-fault system driver classification rating tiers

Question 16. 16. The D.I.N.K. method of determining life insurance need is best suited for: (Points : 1)

singles. single parent households. non-working spouses. working spouses with no dependents. senior citizens.

Question 17. 17. Which of the following is (are) false? (Points : 1)

Stock companies generally sell nonparticipating policies. A participating policy usually has a somewhat higher premium than a comparable nonparticipating policy. Mutual companies generally sell participating policies. You can expect to receive a policy dividend from a stock company. More than one of the other answers is false.

Question 18. 18. Which of the following would increase the speed of equity growth for a homebuyer? (Points : 1)

making a down payment of 10 percent instead of 20 percent obtaining a mortgage interest rate of 9 percent instead of 8 percent obtaining a 15-year mortgage instead of a 30-year mortgage making larger deposits to the escrow account obtaining an interest-only mortgage

Question 19. 19. The purpose of a household inventory is to: (Points : 1)

reduce insurance costs. document owned property. obtain personal property floater coverage. increase liability coverage. lower the chance of negligence.

Question 20. 20. Your annual income is $35,000. What is your life insurance need based on the easy method? (Points : 1)

$35,000 $110,500 $171,500 $191,500 over $200,000