1) Medical payments insurance would pay for your daughter’s injuries if she were hit by
an automobile while riding her bicycle.
2) The more you save for your own retirement, the lower the proportion of your overall
retirement income that will need to come from Social Security retirement benefits..
3) You might want to seek out disability income policies with a cost-of-living clause,
which will increase your benefit amount to keep up with inflation.
4) Auto insurance coverage is fairly standardized among different companies, but rates
vary widely.
5) A career plan provides guidance to help you attain your career goals.
6) The Internet is a useful source of up-to-date comparative data on mutual funds.
7) Independent agents typically represent more than one insurance company.
8) Shares in an open-end mutual fund can be liquidated almost immediately simply by
communicating with the company via telephone, wire, or facsimile or in writing.
9) If information in your credit report is proved to be erroneous, it must be corrected by
the credit bureau.
10) Bonds are particularly vulnerable to interest rate risk.
11) A prospectus describes the experience of the corporation’s management, the
company’s financial status, any anticipated legal matters that could affect the company,
and potential risks of investing in the firm.
12) Medical information bureaus operate much like a credit bureau.
13) Inflation is defined as a steady rise in the general level of prices.
14) Electing to receive Social Security retirement benefits prior to age 65 can result in
reduced benefits if your earmed income from other sources exceeds $14,160.
15) Most homeowner’s policies will cover contents and personal property for up to 50
percent of the insured value of the house.
16) When investing, you want to select a portfolio of investments that will provide the
necessary potential total return through current income and capital gains in the
proportions that you desire.
17) Insurance agents have the power to enter into, change, and cancel insurance policies
on behalf of the companies they represent.
18) Prior to a job interview, you should research the company, the company’s
competitors, and the industry.
19) A beneficiary designation can, and should, be made on your retirement accounts,
life insurance policies, bank and credit union accounts, and investment accounts.
20) The only organized exchanges in the United States are the New York Stock
Exchange and the American Stock Exchange.
21) A due-on-sale clause in a mortgage loan enhances one’s ability to sell his or her
home via a loan assumption.
22) Common stockholders in a corporation that goes bankrupt could lose not only their
original investment but might need to come up with more money to cover the
corporation’s obligations.
23) The Last column of the stock quotes lists the price of the last trade of the quarter.
24) You should rely on an insurance agent to determine how much life insurance you
need.
25) Bond funds are always low-risk investments.
26) The term condominium describes a type of building rather than a form of
ownership.
27) Most employment agencies earn their fees from the individual searching for a job.
28) The more variables there are, the easier negotiating becomes for the buyer.