Mar / 26

Help? Personal Finance Worksheet? 10 points! Hurry!?

                        1. What is insurance coverage? (Select the best answer.) (Points : 1)
       The agreement you have with an insurance company
       The amount your insurance company is willing to pay
       The amount you pay to the insurance company each month
       The amount you pay for visits to a doctor

2. The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying is the __________. (Select the best answer.) (Points : 1)
       Coverage rate
       Co-pay
       Premium
       Deductible

3. Which of the following things does the Affordable Care Act do? (Select the best answer.) (Points : 1)
       Regulates the amount of co-pays
       Provides insurance for people over 65
       Requires all businesses to provide health insurance to their employees
       Allows young adults to stay on their parents’ insurance until the age of 26

4. What does COBRA status allow you to do? (Select the best answer.) (Points : 1)
       Add more people to your insurance plan
       Stay on your employer’s insurance plan after you lose your job
       Apply for health insurance as an individual
       Qualify for Medicare

5. What is a preexisting condition? (Select the best answer.) (Points : 1)
       A condition you were diagnosed with before you applied for health insurance
       A condition that you were diagnosed with after your insurance coverage started
       A summary of your past medical bills
       A set of standards you must meet before you qualify for insurance

6. What is a beneficiary? (Select the best answer.) (Points : 1)
       The person who files life insurance claims on your behalf
       The person or group of people who will receive your life insurance money
       The person who evaluates life insurance claims
       The person who determines whether you qualify for life insurance

7. Which of the following actions puts you at risk for dumpster diving? (Select the best answer.) (Points : 1)
       Not shredding financial documents when you’re done with them
       Choosing online passwords that are easy to guess
       Giving out your Social Security number over the phone
       Having a mailbox in an unsecured location

8. Which of the following is an example of pretexting? (Select the best answer.) (Points : 1)
       A person accessing your email account without permission
       A person stealing a credit card bill from your mailbox
       A retailer scanning your credit card to steal its number
       A person calling and pretending to be an employee from your bank

9. Which of the following may help you protect against identity theft? (Select the best answer.) (Points : 1)
       Carrying your Social Security card at all times
       Clicking on pop-up windows to verify their information
       Contacting your credit card company if you don’t receive bills
       Including your name in your online passwords

10. Which of the following things does the Gramm-Leach-Bliley Act do? (Select the best answer.) (Points : 1)
       Ensures financial institutions protect your personal information
       Requires financial institutions to keep a copy of your Social Security card on file
       Allows you to dispute incorrect information on bank statements
       Allows you to receive a free copy of your credit report

11. Which of the following are debt collectors allowed to do when they’re attempting to collect debts? (Select the best answer.) (Points : 1)
       Call you late at night
       Contact you at home
       Contact you at work
       Change the amount of your debt

12. Which of the following is a car insurance company unlikely to ask for when you’re applying for coverage? (Select the best answer.) (Points : 1)
       The type of car you drive and when it was made
       Proof that you have life insurance
       Proof of how many miles the car has driven
       The number of accidents you’ve had in the past

13. Which of the following might a homeowner's insurance company be unwilling to cover? (Select the best answer.) (Points : 1)
       Theft
       A person getting injured on the property
       Fire
       A natural disaster

14. Which of the following is true about unemployment insurance coverage? (Select the best answer.) (Points : 1)
       It will provide you with the same income that your employer did.
       It will stop if you don’t look for work.
       It is funded privately by the business where you used to work.
       It will last as long as you need it.

15. Which of the following people probably needs life insurance the most? (Select the best answer.) (Points : 1)
       An unmarried person with no children
       A person who is about to retire
       A mother whose children depend on her income
       An elderly person
Answer