Questions from Personal Finance


Q: Explain the meaning of the numbers 100/200/75.

Explain the meaning of the numbers 100/200/75.

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Q: Identify who is protected by medical payments coverage.

Identify who is protected by medical payments coverage.

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Q: Distinguish between collision and comprehensive insurance.

Distinguish between collision and comprehensive insurance.

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Q: Explain why selecting a policy with a high deductible and high liability

Explain why selecting a policy with a high deductible and high liability limits is better than one with a low deductible and low liability limits.

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Q: What are activities of daily living?

What are activities of daily living?

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Q: Many people complain that property insurance policies should pay more than what

Many people complain that property insurance policies should pay more than what the insurance companies say is the actual cash value of the property, such as for a used motor vehicle with low mileage...

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Q: Distinguish among the three levels of care in long-term insurance

Distinguish among the three levels of care in long-term insurance.

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Q: Distinguish between the benefit period and the waiting period for a long

Distinguish between the benefit period and the waiting period for a long-term care policy.

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Q: What is meant by integrating your life insurance into your financial plan

What is meant by integrating your life insurance into your financial plan over the life cycle?

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Q: Give some examples of fair prices for life insurance and one example

Give some examples of fair prices for life insurance and one example of why some people must pay higher premiums than others.

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