FiCEP - Financial Counseling Certification Program Practice Test
FiCEP Insurance Planning 2
What is the purpose of an insurance deductible and how does it affect premiums?
Select your answer
A
Deductibles have no impact on premiums
B
A deductible is the amount the insured pays before coverage begins; higher deductibles lower premiums
C
A deductible is paid by the insurance company
D
Deductibles only apply to auto insurance
Hint
