3.18.3.G5 © Family Economics & Financial Education - Revised May 2010 - Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 1

3.18.3.G5

© Family Economics & Financial Education - Revised May 2010 - Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 1

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona

Trivia

3.18.3.G5



Car Insurance 1 Insurance 1 Car

Insurance 2 Insurance 2 Taxes

$100

$200

$300

$500

$400

$100

$200

$300

$500

$400

$100

$200

$300

$500

$400

$100

$200

$300

$500

$400

$100

$200

$300

$500

$400

Insurance…~Trivia~

Final Trivia

3.18.3.G5



Answer:

Your hit a tree with your car and you need to repair it.

Insurance1~$100~

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Car Insurance1~$100~

Question:

What is a Collision Insurance?

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Answer:

You hit someone else’s car and damaged it so you need to pay

for the car’s repairs.

Car Insurance 1~$200~

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Question:

What is Liability Insurance?


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Answer:

You cause a vehicle accident in your car and

receive an injury


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Question:

What is Medical Payments Insurance?


3.18.3.G5



Answer:

Your car is totaled in an accident caused by someone without

liability insurance.


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Question:

What is Uninsured Motorist Insurance?


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Answer:

Your car is in the garage when your house burns down.


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Question:

What is Comprehensive Insurance?


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Answer:

Uncertainty about a situation’s outcome.

Insurance 1~$100~

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Question:

What is a risk?

Insurance 1~$100~

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Answer:

Provides income if a personis unable to work because of

an injury or illness.

Insurance 1~$200~

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Question:

What is disability insurance?

Insurance 1~$200~

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Answer:

The type of insurance whichallows many individualsto afford medical care.

Insurance 1~$300~

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Question:

What is health insurance?

Insurance 1~$300~

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Answer:

The person designated toreceive money after thepolicy holder’s death.

Insurance 1~$400~

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Question:

Who is the beneficiary?

Insurance 1~$400~

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Answer:

The amount disability insurance typically pays.

Insurance 1~$500~

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Question:

What is 60-70% of one’s full time wage?

Insurance 1~$500~

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Answer:

The person who hit your car does not have enough insurance for medical.


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Question:

What is Uninsured Motorist Insurance?


3.18.3.G5



Answer:

You lose control of your car and it rolls. You now need to repair

your car.


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Question:

What is collision?


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Answer:

The car you are driving causes an accident

that injures someone else.


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Question:

What is Liability Insurance?


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Answer:

Your car is stolen and you need to a replacement car.


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Question:

What is Comprehensive Insurance?


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Answer:

Your friend is injured while riding in your car when you collide

with a tree.


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Question:

What is Medical Payment Insurance?


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Answer:

Your house is destroyed by a tornado and you need to

rebuild it.

Insurance 2~$100~

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Question:

What is Home Owners Insurance?

Insurance 2~$100~

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Answer:

You get food poisoning and need to visit the emergency room.

Insurance 2~$200~

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Question:

What is health insurance?

Insurance 2~$200~

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Answer:

You break your leg playing baseball and are unable to

work for three months.

Insurance 2~$300~

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Question:

What is disability insurance?

Insurance 2~$300~

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Answer:

A sudden death in the family results in loss of income.

Insurance 2~$400~

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Question:

What is Life Insurance?

Insurance 2~$400~

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Answer:

There is a fire in your apartment and you need to replace all of your clothes and furniture due

to smoke damage.

Insurance 2~$500~

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Question:

What is Renter’s Insurance?

Insurance 2~$500~

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Answer:

A tax on property, such as land, building (including homes),

and motor vehicles.

Taxes~$100~

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Question:

What is Property Tax?

Taxes ~$100~

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Answer:

A tax on items purchased in retail stores.

Taxes~$200~

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Question:

What is Sales Tax?

Taxes~$200~

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Answer:

The purpose of this tax is to pay for health for senior citizens .

Taxes~$300~

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Question:

What is Medicare?

Taxes~$300~

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Answer:3

Paid on both earned and unearned income.

Taxes~$400~

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Question:

What is income tax?

Taxes~$400~

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Answer:

Funds the Social Security and Medicare Programs.

Taxes~$500~

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Question:

What is payroll tax?

Taxes~$500~

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FinalTrivia

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Answer:

Funds State and Local Governments and some states

don’t have it.

Final Trivia

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Question:

What is sales tax?

Final Trivia

Documents

3.18.3.G5 © Family Economics & Financial Education - Revised May 2010 - Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 1