Insurance (Leaving Cert Home Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What period does term life assurance provide financial protection for?
What period does term life assurance provide financial protection for?
A set period of time
How do term life assurance premiums compare to permanent life cover?
How do term life assurance premiums compare to permanent life cover?
Typically cheaper
Which type of mortgage protection would suit a 20-year £200,000 mortgage?
Which type of mortgage protection would suit a 20-year £200,000 mortgage?
20-year term policy for £200,000
When does whole of life assurance guarantee a payout?
When does whole of life assurance guarantee a payout?
When you die
What does whole of life assurance build up over time?
What does whole of life assurance build up over time?
Cash value you can access
When does endowment life assurance pay out?
When does endowment life assurance pay out?
On death during term or at maturity
What does endowment life assurance combine?
What does endowment life assurance combine?
Life protection with savings
What does income protection insurance replace?
What does income protection insurance replace?
Part of your salary
What percentage of earnings does income protection typically cover?
What percentage of earnings does income protection typically cover?
Up to 75%
What does critical illness insurance pay when you're diagnosed?
What does critical illness insurance pay when you're diagnosed?
A lump sum
Which conditions are commonly covered by critical illness insurance?
Which conditions are commonly covered by critical illness insurance?
Cancer, heart attacks, and strokes
What is a key advantage of private health insurance over public healthcare?
What is a key advantage of private health insurance over public healthcare?
Shorter waiting times