personal finance Flashcards


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created 3 months ago by Morales12
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1

You bump into a car in front of you at a stop sign that causes damage to only their vehicle, which automobile insurance would pay for the expense of the damage?

Liability

2

What is disability insurance used to replace should you not be able to work?

Income

3

The most you have to pay in a plan year (not including premiums)

out of pocket maximum

4

Most popular form of life insurance.

Term

5

when loss of or damage to that thing would cause the person to suffer a loss.

Insurable interest

6

Amount paid to insurance companies in return for taking on a portion of the risk.

Premium

7

If you are the sole provider for your family, how much life insurance should you have?

8-15 times your income.

8

Which life insurance could you outlive your policy?

Term

9

Which of these would not be covered in home insurance?

Mudslides

10

The least expensive form of life insurance.

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