Match each term with the correct statement below.

Question

a. HMO health insurance
b. PPO health insurance
c. fee-for-service health insurance
d. property insurance
e. personal property insurance
f. liability insurance
g. level term insurance
h. decreasing term insurance

1. Life insurance that covers a specific period of time, carries no cash value, and the coverage stays the same during the entire period
2. Insurance that covers your house and temporary living expenses in the event of fire
3. Insurance that covers your household goods if they are stolen
4. A type of insurance that is provided by an organization that owns several health care facilities, and the patient is required to use one of those providers
5. A type of insurance that is a contract between you and the insurance company, and the insurance company pays a fixed sum for services
6. A type of insurance that provides for a decreasing benefit in the event of death for a specific number of years. The least expensive type of insurance

Answer 1

1. G) level term insurance
2. D) property insurance
3. E) personal property insurance
4. A) HMO health insurance
5. C) fee-for-service health insurance
6. H) decreasing term insurance