Questions from Personal Finance


Q: What is a personal property floater? What is the difference between

What is a personal property floater? What is the difference between scheduled and unscheduled floaters?

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Q: How can you determine the financial strength of an insurance company?

How can you determine the financial strength of an insurance company? Why is this important to you as a consumer?

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Q: Why is it important to keep a detailed inventory of your household

Why is it important to keep a detailed inventory of your household possessions outside your home?

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Q: What is a “cash value” homeowner’s policy? What is

What is a “cash value” homeowner’s policy? What is a “replacement cost” homeowner’s policy?

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Q: Nancy is a widow with two teenage children. Nancy’s gross income

Nancy is a widow with two teenage children. Nancy’s gross income is $3,000 per month, and taxes take about 30% of her income. Using the income method, Nancy calculates she will need to purchase about...

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Q: Nancy’s employer provides her with two times her annual gross salary in

Nancy’s employer provides her with two times her annual gross salary in life insurance. How much additional insurance should Nancy purchase based on the information in the previous problem?

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Q: What is private health insurance? Briefly describe some types of private

What is private health insurance? Briefly describe some types of private health insurance coverage.

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Q: What should your first priority of investing be? What is the

What should your first priority of investing be? What is the disadvantage of investments that satisfy that priority?

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Q: What is the purpose of life insurance? Do you think everyone

What is the purpose of life insurance? Do you think everyone needs life insurance? Explain.

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Q: Who offers health insurance? Do employers offer health insurance?

Who offers health insurance? Do employers offer health insurance?

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