Chapter 11:
Insurance
1.
Barbara Johnston has a family membership in a group health insurance program. The annual premium is $5,350. Johnston's employer pays 75 percent of the total cost. What is Johnston's annual contribution?
a.
$111.46
b.
$334.38
c.
$1,337.50
d.
$4,012.50
2.
Joan Sweeney is single and has a health insurance plan with the benefits listed below. Her recent network health care costs include co-payments for 4 physician visits and 12 physical therapy visits. What amount did Ms. Sweeney pay?
a.
$515.00
b.
$347.00
c.
$275.00
d.
$240.00
3.
Dianna Briggs is 45 years old. She wants to purchase a $500,000, 5-year life insurance policy. The premium per $1,000 is $3.54. What is her annual premium?
a.
$354.00
b.
$177.00
c.
$1,770.00
d.
$3,540.00
4.
Juan Gutierrez is 30 years old. He wants to purchase a whole life insurance policy valued at $150,000. Using the chart below, what is his annual premium?
a.
$138.75
b.
$176.25
c.
$1,387.50
d.
$1,762.50
5.
Nancy DiMasio has a family membership in a group health insurance program. The annual premium is $4,500. DiMasio's employer pays 80 percent of the total cost. What is DiMasio's annual contribution?
a.
$900.00
b.
$1,800.00
c.
$2,700.00
d.
$3,600.00
6.
Eric Matthews has a family membership in a group health insurance program. The annual premium is $5,850. Matthews's employer pays 80 percent of the total cost. What is Matthews's annual contribution?
a.
$390.00
b.
$487.50
c.
$1,170.00
d.
$4,680.00
7.
Robert Finch is single and has a health insurance plan with the benefits listed below. His recent network health care costs include co-payments for 1 emergency room visit, 8 physician visits, and 4 specialist visits. What amount did Finch pay?
a.
$695.00
b.
$670.00
c.
$590.00
d.
$570.00
8.
Keith Ahouse is 40 years old. He wants to purchase a $100,000, 5-year life insurance policy. The premium per $1,000 is $3.27. What is his annual premium?
a.
$163.50
b.
$327.00
c.
$1,635.00
d.
$3,270.00
9.
Valerie Kellerman is 50 years old. She wants to purchase a $350,000, 5-year life insurance policy. The premium per $1,000 is $4.82. What is her annual premium?
a.
$337.40
b.
$1,687.00
c.
$3,374.00
d.
$24,100.00
10.
Rebecca Sweeney is 25 years old. She wants to purchase a whole life policy valued at $250,000. Using the chart below, what is her annual premium?
a.
$187.50
b.
$237.50
c.
$1,875.00
d.
$2,375.00
Ch. 1-5
Ch. 6-10
Ch. 11-15
Ch. 16-20
Ch. 21-23
Ch. 1
Ch. 2
Ch. 3
Ch. 4
Ch. 5
Ch. 6
Ch. 7
Ch. 8
Ch. 9
Ch. 10
Ch. 11
Ch. 12
Ch. 13
Ch. 14
Ch. 15
Ch. 16
Ch. 17
Ch. 18
Ch. 19
Ch. 20
Ch. 21
Ch. 22
Ch. 23
