Insurance Quizzes - E-PersonalFinance

When was the first known insurance policy sold?

(a) 1929 (b) 1862 (c) 1st Century B.C. (d) 200

Insurance purchased by a company to insure the life of a key executive is called:

(a) Executive term insurance (b) Key man insurance (c) Executive annuity policy (d) Universal life insurance

A health savings account is:

(a) A bank savings account used to pay for life insurance, in a tax deductible manner (b) An account, funded by an individual or his or her employer, designed to pay for an individual's medical expenses below the individual's health insurance deductible (c) A tax deferred bond for municipal health facilities (d) An employer sponsored group disability plan

An insurance policy that provides specific protection damages that may not be covered within standard liability insurance policies is called:

(a) Umbrella liability insurance (b) Comprehensive liability insurance (c) Global insurance (d) All risk insurance

Disability income insurance replaces part of your income if you become ill or disabled and can't continue to work.

(a) True (b) False

What is long-term care insurance?

(a) Insurance policy purchased for hospitals (b) Insurance policy used after regular medical coverage is maxed out, and a person needs daily assistance for health reasons (c) Insurance policy only offered to the elderly population (d) Insurance policy that is used when medical insurance is not otherwise affordable

Tax Equivalent Yield

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