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WISE test review questions well answered(latest update)
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WISE test review questions well answered(latest update)
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WISE test reviewbeneficiary - correct answer ✔✔a person entitled to benefits or proceeds of an insurance policy or will
cash value - correct answer ✔✔the amount of money a whole life policyholder would receive if the
policy were surrendered before death or maturity
claim - correct answer ✔✔formal request for payment, sent to the insurance company, to cover a loss
death benefit - correct answer ✔✔the actual amount paid to a beneficiary under a life insurance policy
deductible - correct answer ✔✔the amount an insured person must pay before the insurance company
pays on a claim
disability insurance - correct answer ✔✔a type of insurance paid to an individual if he/she is injured and
is unable to work for a specified length of time
floater - correct answer ✔✔a policy designed to cover property that floats, or moves, from location to
location
homeowners insurance - correct answer ✔✔coverage that provides protection for you residence and its
associated financial risks
insurance - correct answer ✔✔protection against financial loss
shared risk - correct answer ✔✔the cost of consequences of a risk is distributed among many
renters insurance - correct answer ✔✔a type of insurance that cover the loss of a tenant's personal
property as a result of damage or theft
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