PFP EXAM 3 CORRECT ANSWERS 2025
Individual Designated to receive a LI policy's proceeds upon the death of the insured is called the: -
CORRECT ANSWER✅✅✅Beneficiary
Your health insurance copay is: - CORRECT ANSWER✅✅✅A fixed amount of money you pay each
time you use your plan
Life insurance ___ your family - CORRECT ANSWER✅✅✅protects
Monthly or annual payment to the insurance company: - CORRECT ANSWER✅✅✅Premium
Has a life insurance and savings plan component: - CORRECT ANSWER✅✅✅cash value life insurance
What is an insurance deductible? - CORRECT ANSWER✅✅✅The amount you pay before the
insurance company pays
Which insurance coverage is required by law? - CORRECT ANSWER✅✅✅auto insurance
Which is the cheapest form of life insurance? - CORRECT ANSWER✅✅✅Term Life Insurance
Insurance that protects a tenant from damage to an appointment - CORRECT ANSWER✅✅✅Renters
Insurance
Life insurance would be necessary in all of the following situations, except:
You are married and your spouse has no income
You have three school-aged children
You financially support your disabled mother
Individual Designated to receive a LI policy's proceeds upon the death of the insured is called the: -
CORRECT ANSWER✅✅✅Beneficiary
Your health insurance copay is: - CORRECT ANSWER✅✅✅A fixed amount of money you pay each
time you use your plan
Life insurance ___ your family - CORRECT ANSWER✅✅✅protects
Monthly or annual payment to the insurance company: - CORRECT ANSWER✅✅✅Premium
Has a life insurance and savings plan component: - CORRECT ANSWER✅✅✅cash value life insurance
What is an insurance deductible? - CORRECT ANSWER✅✅✅The amount you pay before the
insurance company pays
Which insurance coverage is required by law? - CORRECT ANSWER✅✅✅auto insurance
Which is the cheapest form of life insurance? - CORRECT ANSWER✅✅✅Term Life Insurance
Insurance that protects a tenant from damage to an appointment - CORRECT ANSWER✅✅✅Renters
Insurance
Life insurance would be necessary in all of the following situations, except:
You are married and your spouse has no income
You have three school-aged children
You financially support your disabled mother
