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Adonis Herman

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2y ago
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Cards in this guide (14)
Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

decreasing term insurance...

How much money is taken in federal taxes for every thousand you make

Your employer would be able to give you the percentage amount that would be withheld from your pay for the total of all taxes on the 1000 amount.

Social security, medicare, federal income taxes, state income taxes, local income taxes, etc.

Which type of insurance offers benefits to help with living expenses when a person is unable to work during illness or from an accident

disability insurance.....

Which of these is an element of limited payment life insurance

this life insurance policy has premium payment for a set number or years....

Which of these is true of an annuity

there are two types of annuities including fixed and variable

What is an important reason for knowing the approximate difference between your gross pay and your net pay

Knowing the difference will allow you to develop a realistic budget based upon your take-home pay.

Which type of insurance will pay for the loss of the insured's leg or arm

Accidental Death or Dismemberment

did you know people eat toilet paper in prison so they wont starve..........

Who was the first person to get a social security number

The first person to receive a social security number is actually unknown. See Related Links.

Is this statement true premiums for term life insurance decrease as people get older

no

What best describes the person who oversees the reading of your will and ensures your last wishes are followed

executor

Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance company

Whole Life, Universal Life, as well as Annuities can be used for this purpose.

What is a number issued by the government through the Social Security department

Social security number

What statement is true of preferred provider organizations PPOs

They offer lower co-payments but give more flexibility when selecting a healthcare provider

Which of the following describes the elements of a health maintenance organization (HMO)

It offers lower co-payments and covers the costs of more preventative care, but your choice of healthcare providers is limited.

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