Types of Insurance

Which policies actually matter.

12 problems · about 20 minutes · TEKS M.M.7.B

NameDate

Figure — use these to answer the problems

Typical annual premiums. The most expensive policy is not always the most important one.

Health3600

Auto1200

Renter200

Health premium3600

Auto premium1200

Renter premium200

Figure 1

Straightforward practice. Get the method working first.

5 problems

Health insurance at $250 a month. Annual premium in dollars?
Answer
2
Why is liability the critical part of an auto policy?
- Damage you cause others has no ceiling.
- Because it is the cheapest part.
Which covers your belongings as a tenant? 1 renter, 2 home.
Answer
Which replaces income if you cannot work? 1 life, 2 disability.
Answer
Health insurance at $300 a month. Annual premium in dollars?
Answer

The same ideas with more to keep track of.

3 problems

Auto at $100 a month. Annual premium in dollars?
Answer
Does someone with no dependants usually need life insurance? 1 yes, 0 no.
Answer
Which auto coverage has no ceiling on the loss? 1 liability, 2 collision.
Answer

Mixed problems. Work out what kind of question it is before you start.

4 problems

9
Match each insurance type with what it protects.
Draw a line from each item on the left to its match on the right.
- Health
- Liability
- Disability
- Medical care costs
- Damage you cause others
- Your income if you cannot work
Renter insurance at $18 a month. Annual premium in dollars?
Answer
The Premium
Renter insurance at $200 a year for 5 years. Total in dollars?
Answerdollars
The Coverage
Which insurance covers damage you cause to others? 1 liability, 2 collision.
Answer