Exam (elaborations)
EverFi Module 6: Your Financial Future Exam/17 Complete Questions with answers
- Course
- Institution
EverFi Module 6: Your Financial Future Exam/17 Complete Questions with answers
[Show more]
Content preview
EverFi Module 6: Your Financial FutureExam/17 Complete Questions with
answers
Premium - -The amount you pay the insurance company for coverage, typically paid each month -Deductible - -The amount of money you will pay on an insurance claim before insurance coverage begins to pay you -Copay - -A fixed fee you pay for specific medical service -Coinsurance - -Money that a person is required to pay for services after a deductible has been paid -Liability insurance - -A type of car insurance that covers any damage caused to another person or their vehicle; it is required in Illinois -Collision Insurance - -A type of car insurance that covers vehicle damage caused by an accident -Comprehensive insurance - -A type of car insurance that covers vehicle damage caused by the non-collision event, such as storm damage or theft -Uninsured Motorist insurance - -Part of a car insurance policy that helps pay for your medical bills or car repairs if you're hit by a driver who doesn't have car insurance. -401(k) - -A retirement account offered through an employer where an employee can contribute money from his or her paycheck before or after taxes. -403(b) - -A retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers -IRA - -For savers that offer tax savings but has contribution limits and withdrawal restrictions. -Risk - -The possibility you'll lose money if an investment you make provides a disappointing return. -Return - -How much money you could potentially earn from an investment and it is usually expressed as a percentage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now