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A health maintenance organization (HMO)


A) has a greater selection of doctors than a preferred provider organization (PPO) .
B) is more expensive than a PPO.
C) provides less flexibility in selecting doctors than a PPO.
D) has a deductible for out-of-network expenses.

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Which of the following is not a characteristic of permanent life insurance?


A) It builds cash value.
B) It is known as whole life,universal life,and variable life.
C) It provides you with a fixed amount of insurance.
D) It is the cheapest form of pure life insurance protection.

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The insurance declaration page states


A) the cost of insurance.
B) the maximum an insurance company will pay.
C) who is not covered under the policy.
D) All options are correct.

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When is the best time to buy long-term care insurance?


A) When you get your first full-time job
B) In your mid-40s
C) In your mid-50s
D) Upon retirement

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Term life insurance covers you for a fixed amount over a certain time period at a relatively low cost.

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You are driving on a back country road and hit a deer.What type of auto insurance must you have in order to get your car repaired?


A) Liability
B) Collision
C) Comprehensive
D) Uninsured motorist

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Auto insurance premiums can be impacted by whether or not an auto has air bags and antilock brakes.

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How does whole life differ from universal life insurance?


A) Universal life is similar to whole life except it does not have a guaranteed minimum return.
B) They are similar except universal life covers all family members.
C) Universal life serves as an umbrella policy if you are killed in an auto accident.
D) Whole life must be purchased before the age of 50.

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