Dave Ramsey Chapter 9 Questions and Answers 100% Pass

Dave Ramsey Chapter 9 Questions and Answers 100% Pass The purpose of insurance is to increase your investments. t/f - Answer️️ -False The stop-loss is what you pay before insurance will begin to pay. t/f - Answer️️ -False Collision insurance pays for the damage to your car if you cause an accident. t/f - Answer️️ -True A good homeowner's insurance policy will include guaranteed replacement cost. t/f - Answer️️ -True Term life insurance is more expensive because it funds a savings plan. t/f - Answer️️ - False The purpose of insurance is to transfer risk so that an accident or injury does not devastate you financially. t/f - Answer️️ -true Term life insurance is for a specified period, is more expensive, and has no savings plan built into it. t/f - Answer️️ -False Whole life insurance is normally for life and is cheaper because it funds a savings plan. t/f - Answer️️ -False Life insurance for a specified period of time is called what - Answer️️ -Term Insurance The amount you pay annually, quarterly or monthly for insurance is called what - Answer️️ -Premium