Wise Practice Test – Insurance Exam Questions With 100% Correct Answers 2024/2025
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Wise Practice Test – Insurance Exam Questions With 100% Correct Answers 2024/2025
cash value for whole life insurance
Policy that accumulates cash value is more expensive than a policy that does not accumulate cash value
deductible
the amount of money that the policy holder pays when a cl...
Wise Practice Test – Insurance Exam
Questions With 100% Correct Answers
2024/2025
cash value for whole life insurance
Policy that accumulates cash value is more expensive than a policy that does not accumulate cash
value
deductible
the amount of money that the policy holder pays when a claim is settled.
No insurance
First get insurance against Losses resulting from an illness, accident, or disability
Liability insurance
insurance that provides protection from claims arising from injuries or damage to other people or
property
Automobile insurance
covers motor vehicles, including automobiles, trucks, and motorcycles, the injuries to the driver and
passengers
how insuance works
Insurance is a way to manage risk. The payments (or premiums) of the many pay for the losses of a
few. Your premiums go into a large pool, at your insurance company. The claims of the few are paid
from that pool.
Insurance deductible
The amount you have to pay out-of-pocket for expenses before the insurance company will cover the
remaining costs, gets higher after incidents.
collision coverage
Coverage that protects against direct and accidental damage due to colliding with another object or
upset., covers damage to policyholder's car from an accident that is his own fault
term life insurance
Insurance that provides financial protection from losses resulting from a death during a definite
period, or term., Coverage that stays in effect for only a specified, limited period. If an insured dies
within that period, the beneficiary receives the death payments. If the insured survives, the policy
ends and the beneficiary receives nothing.
whole life insurance
Form of life insurance policy that offers protection in case the insured dies and also builds up cash
surrender value at a guaranteed rate, which can be borrowed against. The policy stays in force for the
lifetime of the insured, unless it is canceled or lapses.
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