Insurance everfi - Study guides, Class notes & Summaries

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Everfi Module 7 Insurance Questions and Answers (Verified Answers)

Everfi Future Smart #6: Your Financial Future Exam Questions With Solutions Premium The amount you pay your insurance company for coverage. It is usually paid each month. Deductible The amount you personally are required to pay before your insurance covers the cost. Copay A fixed fee you pay for specific medical service, like a visit to the doctor's office. Security deposit Money you pay when you rent an apartment to pay for any damage. If there is no damage when you leave, you get ...

Wearing a seat belt, not texting when driving, and driving carefully are all examples of… risk management strategies. Which is not an example of a risk management strategy? Buying a new car What should you NOT use a loan to purchase? Airline tickets to your dream vacation How is having a security system for your home a risk management strategy? The security system will alert authorities and deter criminals, protecting your valuables and property.

Everfi Module 7- Insurance and Taxes Insurance Coverage by contract against future possible accidents Auto Insurance Protects you & other drivers on the road. Most states require this form of insurance Renters/Homeowners Insurance Can protect you from paying damages in case of fire, etc. Health Insurance Helps cover medical expenses like doctor visits, prescriptions, trips to the emergency room, or stays in the hospital Disability Insurance Helps cover lost income when illness/injury...

Which of the following typically have the highest auto insurance premiums? Young, inexperienced drivers Why might you complete a 1040 instead of a 1040EZ? You own a home

Everfi Study Guide (right answers) 100% Correct Answers | Verified | Latest 2024 Version Use the rule of 72 (72/F=T) to calculate how long it will take for your money to double if it's earning 6% in interest: - It will take 12 years to double. Use the information above to answer the following question: What can you tell about Asim's finances? - She is $25 in debt. What type of interest will most benefit you financially? - Compound interest + a stock. Give examples of types of savi...

Wearing a seat belt, not texting when driving, and driving carefully are all examples of… risk management strategies. Which is not an example of a risk management strategy? Buying a new car

EVERFI Module 7 Insurance 2023 Questions and Answers (Verified Answers)

Everfi: Personal Financial Literacy, Answered-A tax form filled out by an individual and filed with the IRS that determines the amount of income tax owed in a single year. - 1040 A retirement account offered through an employer, where an employee can contribute money from his or her paycheck before or after taxes. - 401(k) A retirement account similar to a 401(k) plan, but offered by non-profit organizations, like universities or charitable organizations. - 403(b) A savings plan o...