Personal Finince Planning

X Center - Spring 2020 TTU Sapps/assessment/take/launch jsp?course Roger bad medical bio of 59.375. how much would be end up having to pay of pocket This best has a time limit of 1 hour Thistesi Save and submit automatically when the time expires Warnings appear when all the time 5 minutes, 1 minute and 30 seconds remain Attempts Not allowed. This test can only be taken once Se Completion This test can be saved and resumed at any point un e has expired The time will continue to run you leave the test 52000 anced Remaining Time: 58 minutes, 04 seconds Question Completion Status w save is response o anca plan with 5500 decible ad 7000 C Move to another w la b Roger has a 9 $2.000 2500 52.575 e O This test has a time limit of 1 hout This test will sa Warnings appear when half the time, 5 minutes, 1 Multiple Attempts Not allowed. This test can only be taken once Force Completion This test can be saved and resumed at any point until time Remaining Time: 53 minutes, 36 seconds. Question Completion Status: -> Questions Moving to another question will save this response You can take out a loan against a whole life insurance polis, but not a True False Moving to another question wirave this misurance policy Type here to search O e 9 This test has a time limit of 1 hour. This test will save a Warnings appear when half the time, 5 minutes, 1 min Ple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time Remaining Time: 50 minutes, 41 seconds. Question Completion Status: > Moving to another question will save this response Question 4 An individual's need for life insurance is generally the greatest during which phase of the life cycle? Newly married Married and have younger children Married and retired Life Insurance is equally important at all stages of the life cycle Moving to another question will save this response here to search Thing Time: 48 minutes, 46 seconds. me limit of 1 hour. This test will save ar pear when half the time, 5 minutes, 1 minu wed. This test can only be taken once. test can be saved and resumed at any point until time has e Question Completion Status: > Moving to another question will save this response. Question 5 Which of the following insurance is generally considered to be a good idea? Buying cancer insurance when you find out your father has been diagnosed with lung cancer Buying credit life insurance when you take out a car loan, especially if you are old and you think you might die before you pay off your car. Buying a life insurance policy that covers economic loss and provides an investment opportunity Buying renter's insurance, especially if you have just bought new furniture and computer equipment eing to another question will save this response o te 9 Stion Completion Status: Sme: 46 min -> A Moving to another question will save this response. Question 6 Which policy provides the most coverage at the lowest cost for a young Universal life Whole life Renewable term life O Variable life insurance > Moving to another question will save this response. Type here to search We limit of 1 hour. Oppear when half the time allowed. This test can only be taker on This test can be saved and resumed at ar Remaining Time: 45 minutes, 53 seconds. Question Completion Status: > A Moving to another question will save this response. Question 8 Health insurance provides protection against financial losses resulting from: Hospital stays, surgeries, and/or visits to physicians as a result of injury or illness. Rehabilitation and custodial needs, such as a nursing home facility. All of these Lost income when you cannot work due to an illness or injury. Moving to another question will save this response pe here to search We limit of 1 hour. Oppear when half the time allowed. This test can only be taker on This test can be saved and resumed at ar Remaining Time: 45 minutes, 53 seconds. Question Completion Status: > A Moving to another question will save this response. Question 8 Health insurance provides protection against financial losses resulting from: Hospital stays, surgeries, and/or visits to physicians as a result of injury or illness. Rehabilitation and custodial needs, such as a nursing home facility. All of these Lost income when you cannot work due to an illness or injury. Moving to another question will save this response pe here to search The limit of 1 hour. This ppear when half the time, 5 allowed. This test can only be taken or Un This test can be saved and resumed at any Remaining Time: 45 minutes, 06 seconds. Question Completion Status: A Moving to another question will save this response Question 9 is the auto insurance coverage that would yield the most significant savings if eliminated. Comprehensive Collision Uninsured motorist Towing Moving to another question will save this response to search Sf 1 hou half the time est can only be taken saved and resumed at any po minutes, 25 seconds. Sletion Status: A Moving to another question will save this response. > Question 10 To reduce auto insurance premiums as your car depreciates in value, you should consider retaining risk instead of purchasing which of the foll Comprehensive Liability Neither a orb Both a and b om 9 Moving to another question will save this response Sa time limit of 1 hour This test will save and submit automatically when appear when half the time, 5 minutes, 1 minute, and 30 seconds remain Swed. This test can only be taken once test can be saved and resumed at any point until time has expired. The time will continue to run Time: 42 minutes, 02 seconds. In Completion Status: Moving to another question will save this response > Question 11 Jerma has a traditional health insurance plan with $1000 deductible and 80/20 coinsurance, and 52000 out-of-pocket maximum i Jemma had medical bits of 59,875, how much would she and up having to pay? D$2.375 $2.000 52.775 $3.000 Moving to another question will save this response Shing Time: 41 minut Question Completion Status: > A Moving to another question will save this response. Question 12 H0-2 Broad Form homeowner policies provide open-peril protection Lo True False -> Moving to another question will save this response. here to search Umpletion Status: minutes, 40 seconds. > A Moving to another question will save this response. Question 13 Which of the following homeowner's policies provide open-perils protection? HO-1: Basic Form HO-2: Broad Form HO-3: Special Form They all provide open-perils protection Moving to another question will save this response. to search a time limit of 1 hour. This test will save appear when half the time, 5 minutes, 1 min allowed. This test can only be taken once. This test can be saved and resumed at any point until time ha emaining Time: 37 minutes, 44 seconds. Question Completion Status: > Question 14 Moving to another question will save this response Which homeowner's policy includes no-fault medical payments, no-fault property damage, and personal liability coverage? H0-1 HO-2 HO-3 All of these Moving to another question will save this response earch Orte 9 > A Moving to another question will save this respons Question 15 Minimum automobile liability policy limits are determined by: state law automobile type the insured's choice the insurer's choice A Moving to another question will save this response. here to search Completion Status: So minutes, 02 seconds. Ond resumed be Question 17 Moving to another question will save this response. When you get wealthier, usually the best way to protect against any added liability risk is to obtain, Higher limits on existing property and liability insurance policies. An umbrella insurance policy. A floater insurance policy. A balloon insurance plan Moving to another question will save this response 2 search a time limit of 1 hour appear when half the tint Mowed. This test can only be taker This test can be saved and resumed at ang haining Time: 34 minutes, 57 seconds. Question Completion Status: Question 18 Moving to another question will save this response. There is a 1 in 750 chance your house will burn down and will be out $300,000. What is the expected loss? $250,000 54,000 $400 SO Moving to another question will save this response Completion Status: . 30 minutes, 54 seco > A Moving to another question will save this response. Question 22 Under which conditions should you consider using risk retention to manage risk? Low frequency and low severity High frequency and high severity Low frequency and high severity All of the above Moving to another question will save this response. search Maining Time: 19 minutes, 54 seconds. en half the This test can only be st can be saved and resumed a of 11 Question Completion Status: > A Moving to another question will save this response. Question 32 Which statement is correct: The purpose of having insurance is to get rich oil the insurance proceeds The purpose of having insurance is not to make money but to make you whole Most people buy insurance so that they can use it None of the above -> Moving to another question will save this response 2 search X Center - Spring 2020 TTU Sapps/assessment/take/launch jsp?course Roger bad medical bio of 59.375. how much would be end up having to pay of pocket This best has a time limit of 1 hour Thistesi Save and submit automatically when the time expires Warnings appear when all the time 5 minutes, 1 minute and 30 seconds remain Attempts Not allowed. This test can only be taken once Se Completion This test can be saved and resumed at any point un e has expired The time will continue to run you leave the test 52000 anced Remaining Time: 58 minutes, 04 seconds Question Completion Status w save is response o anca plan with 5500 decible ad 7000 C Move to another w la b Roger has a 9 $2.000 2500 52.575 e O This test has a time limit of 1 hout This test will sa Warnings appear when half the time, 5 minutes, 1 Multiple Attempts Not allowed. This test can only be taken once Force Completion This test can be saved and resumed at any point until time Remaining Time: 53 minutes, 36 seconds. Question Completion Status: -> Questions Moving to another question will save this response You can take out a loan against a whole life insurance polis, but not a True False Moving to another question wirave this misurance policy Type here to search O e 9 This test has a time limit of 1 hour. This test will save a Warnings appear when half the time, 5 minutes, 1 min Ple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time Remaining Time: 50 minutes, 41 seconds. Question Completion Status: > Moving to another question will save this response Question 4 An individual's need for life insurance is generally the greatest during which phase of the life cycle? Newly married Married and have younger children Married and retired Life Insurance is equally important at all stages of the life cycle Moving to another question will save this response here to search Thing Time: 48 minutes, 46 seconds. me limit of 1 hour. This test will save ar pear when half the time, 5 minutes, 1 minu wed. This test can only be taken once. test can be saved and resumed at any point until time has e Question Completion Status: > Moving to another question will save this response. Question 5 Which of the following insurance is generally considered to be a good idea? Buying cancer insurance when you find out your father has been diagnosed with lung cancer Buying credit life insurance when you take out a car loan, especially if you are old and you think you might die before you pay off your car. Buying a life insurance policy that covers economic loss and provides an investment opportunity Buying renter's insurance, especially if you have just bought new furniture and computer equipment eing to another question will save this response o te 9 Stion Completion Status: Sme: 46 min -> A Moving to another question will save this response. Question 6 Which policy provides the most coverage at the lowest cost for a young Universal life Whole life Renewable term life O Variable life insurance > Moving to another question will save this response. Type here to search We limit of 1 hour. Oppear when half the time allowed. This test can only be taker on This test can be saved and resumed at ar Remaining Time: 45 minutes, 53 seconds. Question Completion Status: > A Moving to another question will save this response. Question 8 Health insurance provides protection against financial losses resulting from: Hospital stays, surgeries, and/or visits to physicians as a result of injury or illness. Rehabilitation and custodial needs, such as a nursing home facility. All of these Lost income when you cannot work due to an illness or injury. Moving to another question will save this response pe here to search We limit of 1 hour. Oppear when half the time allowed. This test can only be taker on This test can be saved and resumed at ar Remaining Time: 45 minutes, 53 seconds. Question Completion Status: > A Moving to another question will save this response. Question 8 Health insurance provides protection against financial losses resulting from: Hospital stays, surgeries, and/or visits to physicians as a result of injury or illness. Rehabilitation and custodial needs, such as a nursing home facility. All of these Lost income when you cannot work due to an illness or injury. Moving to another question will save this response pe here to search The limit of 1 hour. This ppear when half the time, 5 allowed. This test can only be taken or Un This test can be saved and resumed at any Remaining Time: 45 minutes, 06 seconds. Question Completion Status: A Moving to another question will save this response Question 9 is the auto insurance coverage that would yield the most significant savings if eliminated. Comprehensive Collision Uninsured motorist Towing Moving to another question will save this response to search Sf 1 hou half the time est can only be taken saved and resumed at any po minutes, 25 seconds. Sletion Status: A Moving to another question will save this response. > Question 10 To reduce auto insurance premiums as your car depreciates in value, you should consider retaining risk instead of purchasing which of the foll Comprehensive Liability Neither a orb Both a and b om 9 Moving to another question will save this response Sa time limit of 1 hour This test will save and submit automatically when appear when half the time, 5 minutes, 1 minute, and 30 seconds remain Swed. This test can only be taken once test can be saved and resumed at any point until time has expired. The time will continue to run Time: 42 minutes, 02 seconds. In Completion Status: Moving to another question will save this response > Question 11 Jerma has a traditional health insurance plan with $1000 deductible and 80/20 coinsurance, and 52000 out-of-pocket maximum i Jemma had medical bits of 59,875, how much would she and up having to pay? D$2.375 $2.000 52.775 $3.000 Moving to another question will save this response Shing Time: 41 minut Question Completion Status: > A Moving to another question will save this response. Question 12 H0-2 Broad Form homeowner policies provide open-peril protection Lo True False -> Moving to another question will save this response. here to search Umpletion Status: minutes, 40 seconds. > A Moving to another question will save this response. Question 13 Which of the following homeowner's policies provide open-perils protection? HO-1: Basic Form HO-2: Broad Form HO-3: Special Form They all provide open-perils protection Moving to another question will save this response. to search a time limit of 1 hour. This test will save appear when half the time, 5 minutes, 1 min allowed. This test can only be taken once. This test can be saved and resumed at any point until time ha emaining Time: 37 minutes, 44 seconds. Question Completion Status: > Question 14 Moving to another question will save this response Which homeowner's policy includes no-fault medical payments, no-fault property damage, and personal liability coverage? H0-1 HO-2 HO-3 All of these Moving to another question will save this response earch Orte 9 > A Moving to another question will save this respons Question 15 Minimum automobile liability policy limits are determined by: state law automobile type the insured's choice the insurer's choice A Moving to another question will save this response. here to search Completion Status: So minutes, 02 seconds. Ond resumed be Question 17 Moving to another question will save this response. When you get wealthier, usually the best way to protect against any added liability risk is to obtain, Higher limits on existing property and liability insurance policies. An umbrella insurance policy. A floater insurance policy. A balloon insurance plan Moving to another question will save this response 2 search a time limit of 1 hour appear when half the tint Mowed. This test can only be taker This test can be saved and resumed at ang haining Time: 34 minutes, 57 seconds. Question Completion Status: Question 18 Moving to another question will save this response. There is a 1 in 750 chance your house will burn down and will be out $300,000. What is the expected loss? $250,000 54,000 $400 SO Moving to another question will save this response Completion Status: . 30 minutes, 54 seco > A Moving to another question will save this response. Question 22 Under which conditions should you consider using risk retention to manage risk? Low frequency and low severity High frequency and high severity Low frequency and high severity All of the above Moving to another question will save this response. search Maining Time: 19 minutes, 54 seconds. en half the This test can only be st can be saved and resumed a of 11 Question Completion Status: > A Moving to another question will save this response. Question 32 Which statement is correct: The purpose of having insurance is to get rich oil the insurance proceeds The purpose of having insurance is not to make money but to make you whole Most people buy insurance so that they can use it None of the above -> Moving to another question will save this response 2 search