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Naval Science IV:  NEFE Financial Planning

Unit Six

    After completing the assigned reading, answer each question below in the space provided.  When you are done with all of the questions, click on the "Submit Answers" button at the bottom of the page.

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1.  Give three examples of a "large loss" that paying an insurance premium could protect you against.

 

2.  Explain how insurance "deductibles" work.

 

3.  What type of safety features could cause you to pay less on homeowners insurance?  Why is this?

 

4.  What is the name of the type of automobile insurance coverage that pays for bodily injury to other people and damage to property?  How about the type that protect you in the case another motorist doesn't have enough insurance coverage?

 

5.  In your own words, tell me when it might be a good idea to drop collision coverage from your auto insurance policy.

 

6.  How does being a full-time college student factor in to Health Insurance policies?

7.  What are the two basic forms of life insurance and what are the basic differences between them?

8.  Why is it difficult to find disability insurance that pays 100% of your full-time wage in the event you get hurt while working?

 

                        

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