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5 Written Questions

5 Matching Questions

  1. Whole life
  2. Car leasing
  3. collision insurance
  4. deductibles
  5. leasing/ buying a car and the types of loans
  1. a if you buy a car from a dealer you have 2 options:
    - traditional lending source
    -dealer financing
  2. b - the amount you pay out of pocket before your insurance pays the clam
  3. c - when you lease a car you agree to pay the value of the vehicle used during the lease
  4. d - protects your car and the other car in a accident
  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. - is when a person makes regular payments to pay off a loan
    -each payment pays the current interest due and pays down the principal amount of loans
  3. - protects your car from other types of damages
    EX. weather, fire, theft
  4. 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
  5. _______ is a for using a companies credit card.

5 True/False Questions

  1. term life insurance- insurance that provides a monetary payment to a specify Beneficiary in the event a policyholder dies
    -It is regulated by state government

          

  2. extend warranties- a promise to preform/ pay for certain repairs or services.

          

  3. premiums-the amount you pay for insurance

          

  4. types of life insurance companies- a finance company owned by the parent company.
    -The purpose is to provide financing to costumer of parent companies that purchased there product.

          

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

          

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