Different types of insurance | Financial education | Quizalize & Oak National Academy

Starter quiz

A ______ is the product of a number and an integer.
- 'multiple' ✓
The lowest ______ multiple is the lowest number that is a multiple of two or more numbers.
- 'common' ✓
What is the lowest common multiple of 4 and 6?
- '12' ✓
What is the lowest common multiple of 12 and 204?
- '204' ✓
What is the smallest multiple of 3 that is also bigger than 100?
- 101
- 102 ✓
- 103
- 104
- 105
What is the smallest multiple of 7 that is also bigger than 100?
- 101
- 102
- 103
- 104
- 105 ✓

Laura wants to insure her phone. Her phone costs £129. The first insurance deal costs £7/month and lasts 24 months. In total, how much will it cost to insure the phone?
- '£168' ✓
Laura wants to insure her phone. Her phone costs £129. The first insurance deal costs £7/month and lasts 24 months. When will she have paid more for insurance than the cost of the phone?
- After 12 months
- After 15 months
- After 18 months ✓
- After 21 months
- She never will
Laura wants to insure her phone. Her phone costs £129. The second insurance deal costs £8.50/month and lasts 18 months. In total, how much will it cost to insure the phone?
- '£153' ✓
Laura wants to insure her phone. Her phone costs £129. The second insurance deal costs £8.50/month and lasts 18 months. When will she have paid more for insurance than the cost of the phone?
- After 9 months
- After 12 months
- After 15 months ✓
- After 18 months
- She never will
Laura wants to insure her phone. Her phone costs £129. The third insurance deal costs £7.90/month and lasts 15 months. In total, how much will it cost to insure the phone?
- '£118.50' ✓
Laura wants to insure her phone. Her phone costs £129. The third insurance deal costs £7.90/month and lasts 15 months. When will she have paid more for insurance than the cost of the phone?
- After 9 months
- After 12 months
- After 15 months
- After 18 months
- She never will ✓

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Insurance provides financial protection from different types of risk
If no insurance is in place, the financial consequences could be bad
An assessment can help determine whether insurance is worth it for an individual case

Insurance is always the right choice.

Insurance cover differs and what is right for one person may be wrong for another.