1. Which of the following statements is true concerning comprehensive and collision insurance?

Select one:

a. Financially, it is advisable to take out the lowest deductible possible.

b. The deductible is really a form of transferring insurance.

c. If you are financing a car, this insurance is usually required by the lender.

d. It is best to maintain this coverage on an older car that is not being financed.

2.

Which of the following would be of little concern when calculating the amount of disability insurance needed?

Select one:

a. Amount of the CPP disability coverage

b. Amount of monthly mortgage payments

c. Your families major financial goals

d. Employer disability insurance policy

3.

Which of the following is true about disability insurance?

Select one:

a. For most people, their emergency fund would look after them if they became disabled for a time.

b. People under age 35 recover quickly and are less likely to become disabled than older people.

c. Most people have excellent disability insurance coverage from their group insurance at work.

d. Becoming disabled could be more financially devastating than losing your home.