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5 Written questions

5 Matching questions

  1. Captive finance companies
  2. Factors that effect credit score
  3. types of people who need life insurance
  4. Whole life
  5. home owners insurance
  1. a - a finance company owned by the parent company.
    -The purpose is to provide financing to costumer of parent companies that purchased there product.
  2. b - anyone who supports a family
  3. c there are 6 types:
    -limited coverage: fire, lighting, vandalism
    -basic coverage: falling objects, ice, etc.
    -comprehensive: Everything
    -renters: personal belongings in a condo
    -older homes: cash damages rather then what you paid
  4. d - payment history effects your _______ the most.
    -If you continue to payoff your credit, companies will continue to give you money
    -the scale is 300-900
    -it also effects your ability to obtain a loan/interest rate
  5. e - a whole life insurance throughout your life

5 Multiple choice questions

  1. - a loan for a specific amount that must be paid back on or before a agreed date
    -mainly for car/home loans
  2. ______ are credit issued by finance companies, credit unions, or banks.
    they generate income by:
    -charging a discount to the merchant
    -charging interest/ annual fees to card holders
  3. - insurance that provides a monetary payment to a specify Beneficiary in the event a policyholder dies
    -It is regulated by state government
  4. - pays for the damages to another vehicle or medical bills if its your fault
  5. -the amount you pay for insurance

5 True/False questions

  1. 5 types of health insurancethere are 6 types:
    -limited coverage: fire, lighting, vandalism
    -basic coverage: falling objects, ice, etc.
    -comprehensive: Everything
    -renters: personal belongings in a condo
    -older homes: cash damages rather then what you paid

          

  2. where does the profit for credit card companies come from?- brands indicate who the product was manufactured by or for
    -name brands are common household names and are advertised more and are also more expensive
    -store/ generic brands items manufactured for a specific food store. also they are not sold under a store or private label

          

  3. leasing/ buying a car and the types of loans- a product warranty created by the state law, all states have them
    -every purchase you make is covered by Implied/written warranties

          

  4. types of home coverages-indemnity plan: a private health care plan in which the policyholder is free to select his/her own health care provider
    -health maintenance org. (HMO): a managed health care plan that allows its members services preformed by Dr's and hospitals
    - preferred provider org. (PPO): a managed health care plan that offers medical benefits through a list of approved providers
    -Point of services (POS): a health insurance plan that has combined HMO's and PPO's
    -Dental insurance
    - vision insurance

          

  5. term life insurance- a amount of time you pay for life insurance.(10 yrs)
    -Most common

          

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