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5 Written questions

5 Matching questions

  1. closed ended credit
  2. collision insurance
  3. types of people who need life insurance
  4. types of home coverages
  5. loan amortization
  1. a - actual cost value: cost of replacement
    -replacement cost: full cost of repaired damage
    -extended replacement cost: full cost of replacing/ rebuilding outside limits
  2. b - anyone who supports a family
  3. c - protects your car and the other car in a accident
  4. d - 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
  5. e - a loan for a specific amount that must be paid back on or before a agreed date
    -mainly for car/home loans

5 Multiple choice questions

  1. - a finance company owned by the parent company.
    -The purpose is to provide financing to costumer of parent companies that purchased there product.
  2. - when you lease a car you agree to pay the value of the vehicle used during the lease
  3. - implies that the product will serve its purpose
  4. if you buy a car from a dealer you have 2 options:
    - traditional lending source
    -dealer financing
  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. comprehensive insurance- protects your car and the other car in a accident

          

  2. premiums-the amount you pay for insurance

          

  3. warranties- a promise by the manufacture/merchant to stand by there product

          

  4. Whole life- a whole life insurance throughout your life

          

  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.