Q.1.
What is the definition of premium?
Q.2.
If two people are invited to invest and become partners in a business, the business owners will then___ the risk
Q.3.
Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because
Q.4.
The basic purpose of insurance is to provide
Q.5.
Maria's family has a health insurance plan. Her mother has $350 deducted from her paychecks each month.When Maria visited the doctor, her mother paid a $25 fee. The insurance company covered the rest of the cost of the visit.When Maria's mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. After this payment, the insurance company covered the rest of the costs.Read the passage about a family health insurance plan.What is the $25 fee Maria's mother paid when Maria visited the doctor?
Q.6.
Under which circumstance would someone need disability insurance?
Q.7.
Which is always a cost when buying insurance?