Insurance Flashcards

Why does insurance often provide "peace of mind"?

Which type of insurance policy would someone get to protect others only?

Which is always a cost when buying insurance?

Maria's family has a health insurance plan. Her mother has $350 deducted from her paychecks each month.When Maria visited the doctor, her mother paid a $25 fee. The insurance company covered the rest of the cost of the visit.When Maria's mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. After this payment, the insurance company covered the rest of the costs. What is the $25 fee Maria's mother paid when Maria visited the doctor?

If two people are invited to invest and become partners in a business, the business owners will then ____ the risk.

The basic purpose of insurance is to provide

If Roland wants to invest money in his own business, how can he avoid risk?

Under which circumstance would someone need disability insurance?

How can an insurance company make a profit by taking in premiums and making payouts?