2. 100 200 300 400 500 100 200 300 400 500 100 Disability Insurance Health Insurance Consumer Purchasing Legal Protection Family Finance Jeopardy Life Insurance

3. The Answer is: Factors that influence consumer buying.

4. The Question is: What are economic, personal and social factors?

5. The Answer is: Varying of prices for all types of products; accessing the differences in quality in relation to price.

6. The Question is: What is price analysis?

7. The Answer is: Can be done easily with advertisements, catalogs, or online; especially when buying expensive or complex items.

8. The Question is: What is comparison shopping?

9. The Answer is: The law that was originally designed to protect consumers from questionable door-to-door salespeople which allows 3 business days to cancel a contract for $25.00 or more.

10. The Question is: What is the “cooling-off” law?

11. The Answer is: A partial refund of the price of a product.

12. The Question is: What is a rebate?

13. The Answer is: The first step in resolving a consumer complaint about a product.

14. The Question is: What is returning to the place of purchase?

15. The Answer is: A consumer agency comprised of a network of offices that resolves complaints against local merchants and can provide consumers with pre- purchase information about goods and services.

16. The Question is: What is the Better Business Bureau?

17. The Answer is: Involves the use of a third party to settle grievances.

18. The Question is: What is mediation?

19. The Answer is: The settlement of a difference by a third party with the decision being legally binding.

20. The Question is: What is arbitration?

21. The Answer is: A court that settles legal differences involving small amounts below a set limit and employs a process to which the litigants usually do not use a lawyer.

22. The Question is: What is small claims court?

23. The Answer is: A form of protection to alleviate the financial burdens individuals suffer from illness or injury.

24. The Question is: What is Health Insurance?

25. The Answer is: These plans comprise more than 90% of all the health insurance issued by health and life insurance companies with most being employer sponsored.

26. The Question is: What are group health insurance plans?

27. The Answer is: High administrative costs; the use of sophisticated, expensive technologies; duplication of tests; increases in variety of treatments; the increasing number and longevity of elderly people; rapid earnings growth for health-care professionals and executives; etc…

28. The Question is: What are some of the reasons that health care costs so much in the U.S.?

29. The Answer is: Eat a balanced diet; keep weight under control; avoid smoking; don’t drink to excess; get sufficient rest, relaxation and exercise; and drive carefully.

30. The Question is: What are ways to reduce personal health care costs by staying well?

31. The Answer is: Legislates new federal standards for health insurance portability, nondiscrimination in health insurance, and guaranteed renewability. This law also provides tax breaks for long-term care insurance.

32. The Question is: What is the Health Insurance Portability and Accountability Act of 1996 (HIPAA)?

33. The Answer is: Provides regular cash income lost by employees as the result of an accident, illness, or pregnancy.

34. The Question is: What is disability income insurance?

35. The Answer is: The inability to do your regular work.

36. The Question is: What is disability?

37. The Answer is: Your employer; social security; workman’s compensation; or disability insurance.

38. The Question is: What are four sources of disability income?

39. The Answer is: A federal health insurance program established in 1965 for people age 65 or older or people of any age with permanent kidney failure or people with certain disabilities.

40. The Question is: What is Medicare?

41. The Answer is: This program became federal law in 1965 under Title XIX of the Social Security Act and provides for a program of medical assistance to certain low-income individuals and families.

42. The Question is: What is Medicaid?

43. The Answer is: Under this type of policy, the insurance company promises to pay a sum of money at the time of the policyholder’s death to the person or persons selected by him or her.

44. The Question is: What is life insurance?

45. The Answer is: Method based on the insurance agent’s rule of thumb that a “typical family” will need approximately 70% of your salary for 7 years before they adjust to the financial consequences of your death.

46. The Question is: What is the Easy Method for determining the amount of life insurance you need?

47. The Answer is: This method of determining life insurance needs assumes that your spouse will continue to work after your death and you have no dependents.

48. The Question is: What is the DINK (Dual Income, No Kids) Method?

49. The Answer is: This method of determining life insurance takes into account the extra costs of up to $10,000 a year which may be required to replace the services of a homemaker in a family with small children.

50. The Question is: What is the “Nonworking” Spouse Method?

51. The Answer is: This method of determining life insurance assumes that your family is not a “typical” one and takes into account special needs while factoring in Social Security and any liquid assets.

52. The Question is: What is the “Family Need” Method?