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5 Written questions

5 Matching questions

  1. 5 types of health insurance
  2. Whole life
  3. premiums
  4. extend warranties
  5. term life insurance
  1. a -the amount you pay for insurance
  2. b -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
  3. c - a promise to preform/ pay for certain repairs or services.
  4. d - a whole life insurance throughout your life
  5. e - a amount of time you pay for life insurance.(10 yrs)
    -Most common

5 Multiple choice questions

  1. it is required by state law. the insurance company gives you a set amount of money for:
    - individual, all persons, property
    EX. 25/50/10 K
  2. - 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. - holds the seller accountable for a recommend use.
    Ex. 0 degree sleeping bag will work in the winter
  4. ______ 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
  5. _______ is a for using a companies credit card.

5 True/False questions

  1. APR-the amount you pay for insurance

          

  2. leasing/ buying a car and the types of loansif you buy a car from a dealer you have 2 options:
    - traditional lending source
    -dealer financing

          

  3. Factors that effect credit score- 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

          

  4. Captive finance companies-stock life: owned by stockholders
    -mutual life: owned by policy holders who share profits
    -fraternal societies: EX. knights of Columbus, Free Masons
    -Federal government: veterans and members of uninformed services

          

  5. premiums for car insurance and deduables-stock life: owned by stockholders
    -mutual life: owned by policy holders who share profits
    -fraternal societies: EX. knights of Columbus, Free Masons
    -Federal government: veterans and members of uninformed services

          

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