Froggy Jumps Insurance Knowledge QuizOnline version Test your understanding of insurance terms and concepts with this fun quiz! Keep playing to practice all of your Insurance Vocabulary. by Kristine Vester 1 What is the service you pay for in case of an expensive emergency? a Insurance b Premium c Claim 2 Who is a person that has insurance? a Provider b Beneficiary c Insured 3 What determines how much you pay for insurance based on danger? a Risk b Claim c Benefit 4 What is the category that determines your insurance risk level? a Deductible b Assigned risk pool c Insurance benefit 5 What do you report to an insurance company to receive money for an emergency? a Premium b Claim c Benefit 6 What is the money received from an insurance company for emergencies called? a Deductible b Insurance Benefit c Premium 7 What is the length of time you receive benefits from your insurance? a Annual deductible b Benefit period c Claim period 8 What is the amount you pay periodically for your insurance? a Deductible b Premium c Benefit 9 What must you pay before your insurance covers the rest of the bill? a Claim b Deductible c Premium 10 What is the amount you pay in a year before insurance starts to pay? a Benefit period b Annual deductible c Claim 11 What is the amount you pay for non-emergency health care called? a Co-pay b Deductible c Premium 12 What type of health insurance restricts you to certain doctors? a Non-managed care health insurance b Managed care health insurance c Universal variable life insurance 13 What type of insurance allows you to see any doctor? a Managed care health insurance b Non-managed care health insurance c Collision insurance 14 What insurance pays for care in a long-term facility? a Long-term care insurance b Automobile insurance c Whole life insurance 15 What type of insurance covers car crashes? a Property damage liability insurance b Collision insurance c No-fault insurance 16 What does no-fault insurance cover? a Only property damage b Only medical bills c Fixing your car when the other driver can't pay 17 Who pays for damages in property damage liability insurance? a The insurance company b The person responsible for the accident c The victim 18 What type of life insurance lasts only for a certain term? a Whole life insurance b Universal variable life insurance c Term life insurance 19 What is a key feature of whole life insurance? a It builds cash value over time b It cannot be renewed c It has a fixed term 20 What is the money beneficiaries receive when someone dies called? a Co-pay b Premium c Death benefit 21 What is the cash value in whole life insurance? a A fixed amount received at death. b The amount received at death increases over time. c The total premium paid over the policy's life. 22 What does face value refer to in term life insurance? a The cash value of the policy. b A set amount of money to be received at death. c The total amount paid in premiums. 23 Who is a beneficiary in life insurance? a A family member who receives money when someone dies. b The person who pays the premiums. c The insurance company providing the policy. 24 What does homeowners insurance cover? a Damage to a house you own. b Personal belongings in a rented apartment. c Injury to guests on your property. 25 What is renter’s insurance designed to cover? a The structure of the house you own. b Liability for injuries on your property. c Damage to a house you rent. 26 What does mortgage insurance do? a Provides life insurance benefits. b Covers property damage to your home. c Pays your mortgage if you lose your income. 27 What is disability insurance? a Covers medical expenses for injuries. b Provides life insurance benefits. c Gives income if you become disabled and cannot work. 28 What is unemployment insurance? a Replaces income if you lose your job. b Covers job-related injuries. c Provides retirement benefits. 29 What does it mean to be over insured? a Having exactly the right amount of insurance. b Having no insurance at all. c Having more insurance than needed. 30 What is comparison shopping in insurance? a Comparing costs of different insurance companies. b Buying insurance from the first company you see. c Choosing the most expensive policy available.
New game