Dashboard
Support
Log Out

Check Your Understanding: Life Insurance Basics

Check Your Understanding: Life Insurance Basics

Enter your text here

1.

When do you need life insurance?

When you start working and earning an income.

If you're alive, you probably need life insurance.

When you have someone dependent on your income -- a child, spouse or elderly parent.

2.

Do you need life insurance for your kids?

Yes. It will help cover funeral expenses.

No. You're better off putting the money you would spend on premiums into a 529 plan to save for college.

Only if the child has an illness or special needs.

3.

What is permanent life insurance?

Life insurance that will stay in place until your death, as long as you pay the premiums.

Life insurance that transfers to your spouse after you die.

Life insurance that you purchase for children because it lasts a long time.

4.

What is term life insurance?

Term life is just a death benefit. There is no cash value, and it expires at the end of the set term.

Term life is a type of policy that combines an insurance product and an investment product into one.

Term life is life insurance you purchase during retirement.

Enter your text here

Time's up

SECTION 1: Insurance
- Lesson 1: Life Insurance Basics6:30
- Check Your Understanding:
  Life Insurance Basics4 questions
- Lesson 2: Purchasing Term Life Insurance4:48
- Check Your Understanding:
  Purchasing Term Life Insurance3 questions
- Lesson 3: Disability Insurance6:03
- Check Your Understanding:
  Disability Insurance4 questions
- Lesson 4: Long-Term Care Insurance6:08
- Check Your Understanding:
  Long-Term Care Insurance3 questions
SECTION 2: Estate Planning
- Lesson 5: Wills 4:48
- Check Your Understanding:
  Wills 2 questions
- Lesson 6: Other Estate Planning Documents 7:46
- Check Your Understanding:
  Other Estate Planning Documents 4 questions

Ask Jean

Dashboard
Support
Log Out

HerMoney and This Week In Your Wallet Newsletters from Jean Chatzky

Get my take on the week’s biggest money headlines and how they affect you PLUS HerMoney from Jean Chatzky — straight to your inbox. Oh, and they’re free.

I HATE SPAM AND PROMISE TO KEEP YOUR EMAIL SAFE

Find Out More

Your Name (required)

Your Email (required)

Company (required)

Phone Number (required)

By submitting this information, you've read our Privacy Policy.

Δ