1. What would a renters insurance policy cover in case of a fire? (Points : 2)

Damages to your neighbor's personal property Any damages to the building structure Temporary living expenses, like hotel Your monthly paycheck

Question 2.2. The insurance designed to help with nursing home or in-home care due to chronic illness is called: (Points : 2)

Medicare Major medical Comprehensive major medical Nursing home care Long-term care

Question 3.3. A liability suit could result when: (Points : 2)

Lightning strikes your home Your son falls down the stairs of your home Your automobile is stolen Your dog bites the neighbor Smoke from the fireplace fills your house

Question 4.4. What approach, would determine the amount of life insurance for your family to maintain its current lifestyle and funds after your death? (Points : 2)

Earnings multiple approach Needs approach Cash liquidity approach Funds analysis approach

Question 5.5. The basic purpose of insurance is: (Points : 2)

Protect your health Protect you from the risk of loss Supplement your income Help you from making bad decisions

Question 6.6. Basic health-care benefits cover: (Points : 2)

Hospital expenses only Hospital and surgical expenses Hospital, and surgical and physician expenses There is no basic health-care insurance

Question 7.7. For auto insurance, property coverage pays for: (Points : 2)

Your legal responsibility to others for bodily injury The cost of treating injuries, rehabilitation, lost wages, and funeral costs Damage or theft of your car All of the above

Question 8.8. Life insurance policy designates a primary person who is intended to be provided for. Who is this person? (Points : 2)

beneficiary contingent beneficiary policyholder insured

Question 9.9. Which statement accurately describes term life insurance? (Points : 2)

Provides no investment features Costs more than other types of life insurance Has premiums that decrease over one's lifetime Pays benefits to the insured when the insured reaches age 65

Question 10.10. What is the primary purpose of buying life insurance? (Points : 2)

as a tax shelter to provide protection from financial losses as an investment to cover personal property