Math Exam With Worked Out Answers
The f____________ fis fthe famount fthat fthe fpolicy fowner fmust fpay fbefore fthe
finsurance fpolicy fpays fany fmoney. f- fCORRECT✅✅deductible
Why fwould fsomeone fchoose fto fget flong fterm fdisability finsurance feven fif fthey falready
fhave fhealth finsurance? f- fCORRECT✅✅Health finsurance fonly fcovers fmedical fbills,
fwhile flong fterm fdisability fwill fhelp fcompensate ffor flost fwork fwith fa fpercentage fof
ftheir fincome
If fyour fcar fwas fdamaged fin fan faccident, fI've fgot fyour fback. fIt fdoesn't fmatter fwho
fwas fat ffault fwhile fdriving. fHowever, fif fthe fdamage fcame ffrom fsomething fbesides fa
fcrash, fI fwon't fbe faround fto fhelp fyou. f- fCORRECT✅✅collision
In fgeneral, fhow fdo finsurance fcompanies fdecide fhow fmuch fto fcharge fan findividual ffor
ftheir fmonthly fpremiums? f- fCORRECT✅✅The fcompany fassesses fthe findividual's
frisk ffactors fand fassigns fhigher fpremiums fto fhigher frisk findividuals
A fstandard frenters finsurance fpolicy fwould fcover feach fof fthe ffollowing fEXCEPT... f-
fCORRECT✅✅A fnew fwindow fwhen fa fbaseball fbreaks fthe foriginal fone
What ffactors fimpact fthe fcost fof fyour flife finsurance fpremium? f- fCORRECT✅✅Age
Health
Type fof fpolicy
Amount fof fcoverage fyou fbuy
Who ftypically fpays ffor fhealth fcare fexpenses fonce fyou fhave fmet fyour fdeductible? f-
fCORRECT✅✅You fand fyour finsurance fcompany fshare fthe fcost fof fhealth fcare
fexpenses
Which fterm frefers fto fthe fpercentage fof fcovered fmedical fexpenses fyou fare
fresponsible ffor fpaying fafter fyour fdeductible fis fmet? f- fCORRECT✅✅Co-insurance
What fis fa fPRO fof fbuying fa fnew fvehicle. f- fCORRECT✅✅It fis fmore freliable
Pretend fyour fhomeowners fpolicy fhas fa fpremium fof f$150, fa fdeductible fof f$5,000, fand
fa flimit fof f$300,000. fYour fhome fsuffers f$170,000 fin fdamages. fHow fmuch fwill fyou
fpay ffor fthe fdamages? f- fCORRECT✅✅$5,000
What fexpenses fdo fdisability fbenefit fpayments fcover? f- fCORRECT✅✅Income
freplacement ffor fyou fbecause fyou fare funable fto fwork fand fearn fincome
, What ffraction fof fyour fprevious fincome fwill fbe freplaced fby flong fterm fdisability
finsurance fpayouts f- fCORRECT✅✅Typically f40-70%
Your femployer foffers fan femployer-sponsored fhealth finsurance fplan. fWhich fof fthe
ffollowing fstatements fis fTRUE? f- fCORRECT✅✅Your fhealth finsurance fpremiums
fwill fbe fpaid fdirectly ffrom fyour fpaycheck, fpre-tax
Lula's fgot fa fpet fdog, ffor fwhom fshe fbought fan faccident fand fillness fpet finsurance
fpolicy fthree fmonths fago. fThe fdog fsteps fon fa fmouse ftrap fset fout fby fneighbors fand
fneeds fhis ffirst fvet fservices fof fthe fyear, ftotaling f$800. fLula's fdeductible fis f$1000, fher
freimbursement frate fis f75%, fand fher fcoverage flimit fis f$15,000. fHow fmuch fdoes fLula
fpay, fand fhow fmuch fdoes fthe finsurance fpay? f- fCORRECT✅✅Lula fpays f$800, fthe
finsurance fpays f$0
What fdoes fliable fmean? f- fCORRECT✅✅responsible
Write fan fequation fin fslope fintercept fform fthat fpasses fthrough fthe fpoints f(-2,4) fand
f(6,-4). f- fCORRECT✅✅y=-x+2
On fa fstandard fhomeowners finsurance fpolicy, fwhat fdoes fpersonal fproperty frefer fto? f-
fCORRECT✅✅personal fitems
What fis fthe f"coverage flevel" ffor fshort fand flong fterm fdisability fclaims? f-
fCORRECT✅✅The ffraction fof fyour fprevious fincome fwill fbe freplaced fby fdisability
finsurance fpayouts
Slopes fof fperpendicular flines fare f- fCORRECT✅✅opposite freciprocals
Which fof fthe ffollowing fstatements fis fTRUE fabout fauto finsurance fpremiums? f-
fCORRECT✅✅If fyou fhave fan fauto finsurance fpolicy fand fget finto fmultiple faccidents
fwithin fone fyear, fyour fpremium famount fwill fincrease
There fare f6 fcoverage fareas fto fa fstandard fhomeowners finsurance fpolicy. fWhich fof
fthe ffollowing fis fnot fone? f- fCORRECT✅✅Land
Bruce fhas fjust fgraduated ffrom fcollege fand fdecides fthat finstead fof fpaying ffor
finsurance, fhe'll fwork fon fbuilding fup fhis femergency ffund. fThis fway, fif fsomething fgoes
fwrong, fhe fcan fjust fpay ffor fit fusing fcash. fWhy fis fthis fa frisky fidea? f-
fCORRECT✅✅An faccident for fillness fcan fstrike fat fany ftime fand fbe fquite fexpensive,
fso fit's fpossible fhe'd fneed fa fbig fsum fof fmoney fwell fbefore fhis femergency ffund fwas
flarge fenough
What fshould fyou fconsider fwhen fstarting fthe fprocess fof fbuying fa fvehicle. f-
fCORRECT✅✅buy fnew, fused, for flease
Needs
Check fthe fsafety freports
The f____________ fis fthe famount fthat fthe fpolicy fowner fmust fpay fbefore fthe
finsurance fpolicy fpays fany fmoney. f- fCORRECT✅✅deductible
Why fwould fsomeone fchoose fto fget flong fterm fdisability finsurance feven fif fthey falready
fhave fhealth finsurance? f- fCORRECT✅✅Health finsurance fonly fcovers fmedical fbills,
fwhile flong fterm fdisability fwill fhelp fcompensate ffor flost fwork fwith fa fpercentage fof
ftheir fincome
If fyour fcar fwas fdamaged fin fan faccident, fI've fgot fyour fback. fIt fdoesn't fmatter fwho
fwas fat ffault fwhile fdriving. fHowever, fif fthe fdamage fcame ffrom fsomething fbesides fa
fcrash, fI fwon't fbe faround fto fhelp fyou. f- fCORRECT✅✅collision
In fgeneral, fhow fdo finsurance fcompanies fdecide fhow fmuch fto fcharge fan findividual ffor
ftheir fmonthly fpremiums? f- fCORRECT✅✅The fcompany fassesses fthe findividual's
frisk ffactors fand fassigns fhigher fpremiums fto fhigher frisk findividuals
A fstandard frenters finsurance fpolicy fwould fcover feach fof fthe ffollowing fEXCEPT... f-
fCORRECT✅✅A fnew fwindow fwhen fa fbaseball fbreaks fthe foriginal fone
What ffactors fimpact fthe fcost fof fyour flife finsurance fpremium? f- fCORRECT✅✅Age
Health
Type fof fpolicy
Amount fof fcoverage fyou fbuy
Who ftypically fpays ffor fhealth fcare fexpenses fonce fyou fhave fmet fyour fdeductible? f-
fCORRECT✅✅You fand fyour finsurance fcompany fshare fthe fcost fof fhealth fcare
fexpenses
Which fterm frefers fto fthe fpercentage fof fcovered fmedical fexpenses fyou fare
fresponsible ffor fpaying fafter fyour fdeductible fis fmet? f- fCORRECT✅✅Co-insurance
What fis fa fPRO fof fbuying fa fnew fvehicle. f- fCORRECT✅✅It fis fmore freliable
Pretend fyour fhomeowners fpolicy fhas fa fpremium fof f$150, fa fdeductible fof f$5,000, fand
fa flimit fof f$300,000. fYour fhome fsuffers f$170,000 fin fdamages. fHow fmuch fwill fyou
fpay ffor fthe fdamages? f- fCORRECT✅✅$5,000
What fexpenses fdo fdisability fbenefit fpayments fcover? f- fCORRECT✅✅Income
freplacement ffor fyou fbecause fyou fare funable fto fwork fand fearn fincome
, What ffraction fof fyour fprevious fincome fwill fbe freplaced fby flong fterm fdisability
finsurance fpayouts f- fCORRECT✅✅Typically f40-70%
Your femployer foffers fan femployer-sponsored fhealth finsurance fplan. fWhich fof fthe
ffollowing fstatements fis fTRUE? f- fCORRECT✅✅Your fhealth finsurance fpremiums
fwill fbe fpaid fdirectly ffrom fyour fpaycheck, fpre-tax
Lula's fgot fa fpet fdog, ffor fwhom fshe fbought fan faccident fand fillness fpet finsurance
fpolicy fthree fmonths fago. fThe fdog fsteps fon fa fmouse ftrap fset fout fby fneighbors fand
fneeds fhis ffirst fvet fservices fof fthe fyear, ftotaling f$800. fLula's fdeductible fis f$1000, fher
freimbursement frate fis f75%, fand fher fcoverage flimit fis f$15,000. fHow fmuch fdoes fLula
fpay, fand fhow fmuch fdoes fthe finsurance fpay? f- fCORRECT✅✅Lula fpays f$800, fthe
finsurance fpays f$0
What fdoes fliable fmean? f- fCORRECT✅✅responsible
Write fan fequation fin fslope fintercept fform fthat fpasses fthrough fthe fpoints f(-2,4) fand
f(6,-4). f- fCORRECT✅✅y=-x+2
On fa fstandard fhomeowners finsurance fpolicy, fwhat fdoes fpersonal fproperty frefer fto? f-
fCORRECT✅✅personal fitems
What fis fthe f"coverage flevel" ffor fshort fand flong fterm fdisability fclaims? f-
fCORRECT✅✅The ffraction fof fyour fprevious fincome fwill fbe freplaced fby fdisability
finsurance fpayouts
Slopes fof fperpendicular flines fare f- fCORRECT✅✅opposite freciprocals
Which fof fthe ffollowing fstatements fis fTRUE fabout fauto finsurance fpremiums? f-
fCORRECT✅✅If fyou fhave fan fauto finsurance fpolicy fand fget finto fmultiple faccidents
fwithin fone fyear, fyour fpremium famount fwill fincrease
There fare f6 fcoverage fareas fto fa fstandard fhomeowners finsurance fpolicy. fWhich fof
fthe ffollowing fis fnot fone? f- fCORRECT✅✅Land
Bruce fhas fjust fgraduated ffrom fcollege fand fdecides fthat finstead fof fpaying ffor
finsurance, fhe'll fwork fon fbuilding fup fhis femergency ffund. fThis fway, fif fsomething fgoes
fwrong, fhe fcan fjust fpay ffor fit fusing fcash. fWhy fis fthis fa frisky fidea? f-
fCORRECT✅✅An faccident for fillness fcan fstrike fat fany ftime fand fbe fquite fexpensive,
fso fit's fpossible fhe'd fneed fa fbig fsum fof fmoney fwell fbefore fhis femergency ffund fwas
flarge fenough
What fshould fyou fconsider fwhen fstarting fthe fprocess fof fbuying fa fvehicle. f-
fCORRECT✅✅buy fnew, fused, for flease
Needs
Check fthe fsafety freports
