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5 Written questions

5 Matching questions

  1. Factors that effect credit score
  2. Life insurance
  3. Car leasing
  4. credit card
  5. Whole life
  1. a - insurance that provides a monetary payment to a specify Beneficiary in the event a policyholder dies
    -It is regulated by state government
  2. b - when you lease a car you agree to pay the value of the vehicle used during the lease
  3. c - 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. d - a whole life insurance throughout your life
  5. e ______ 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 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. - a promise by the manufacture/merchant to stand by there product
  3. - a amount of time you pay for life insurance.(10 yrs)
    -Most common
  4. _______ is a for using a companies credit card.
  5. -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 True/False questions

  1. annual out of pocket limit_______ is a for using a companies credit card.

          

  2. 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

          

  3. 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

          

  4. Captive finance 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. 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.