In this session students learn about the four basic types of insurance: automobile, life, health, and property. Students are introduced to basic insurance terminology. They also learn about some of the common features associated with different insurance plans.
STUDENTS WILL:
Define basic insurance terms.
Examine five types of insurance and the purpose of each.
Evaluate the coverage for each of the five types.
Create a portfolio with the types of insurance they imagine themselves purchasing within the next 10 years.
The Session Teacher Guide will be provided as a PDF and as a Microsoft Word document.
The Session Student Activity will be provided as a fillable PDF and as a Microsoft Word document.
The Session Exit Ticket will be provided as a PDF and as a Google Doc.
The Session Exit Ticket will be provided as a PDF and as a Google Doc.
The Session Journal Page will be provided as a PDF and as a Google Doc.
An interactive onscreen presentation for each session will be view-able from the page or can be shared via direct link.
This video addresses the following Financial Literacy standards:
Content Statement 24a: Businesses can carry insurance that will protect them against damage or loss of property, business interruption, product liability lawsuits, employee negligence, libel and slander.
Content Statement 27a: Explore the coverage and cost for various insurance products such as health, life, disability, auto, homeowners, renters and liability.
Content Statement 27b: Research the likelihood that disability and life insurance is needed to replace an income stream.
You've graduated high school (congratulations!) and are headed off to college, trade school or starting your dream job. What types of insurance should you plan on having for your financial wellbeing? What other types of insurance do your parents have that you currently do not need?
Based on what you learned today, what are some examples of high/medium, and low risk investments?