Insurance helps provide financial protection for unforeseen losses for you and your family. There are many different types of insurance including health and medical, auto, life, travel, homeowners, and rental insurance. Insurance is an important tool for all individuals managing and planning their personal finances. Here students will learn about the importance of insurance, and also basic concepts. Teach and learn all about important terms, principles, rules, and procedures. In addition, we also have included informative articles, helpful tips, and other topics related to insurance.
The purpose is to provide coverage for emergency or routine medical expenses.
Health insurance may cover hospital, surgical, dental, vision, long-term care, prescription, and other major expenditures. Coverage depends upon the policy because the terms vary among different health care policies.
Types of Insurance Lesson Plan
Health insurance may be purchased by an individual, or through their employer. Life Insurance: Seventy percent of American adults have life insurance Goldsmith, A beneficiary is the recipient of any policy proceeds if the insured person dies. The purpose is to provide money for family members or dependents when a wage earner dies. A dependent is a person who relies on someone else financially.
Auto insurance lesson plans high school
Life insurance is not necessary if a person is single with no dependents. Life insurance is necessary for people who have a dependent spouse, dependent children, an aging or disabled dependent relative, or are business owners.
Disability Insurance: One out of ten people will become disabled before age 65 Insurance Education Foundation. Insurance is available to prevent the risk of losing income due to a disability. Factors such as the length or severity of a disability influence the percentage of income a person will receive.
Many employers offer disability insurance as part of the benefits package. A peril is an event which can cause a financial loss like fire, falling trees, lightning, and others. Property insurance protects the insured from financial losses due to destruction or damage to property or possessions.
It covers major perils, provides liability protection, and provides for additional living expenses if the dwelling is rendered uninhabitable by one of the covered perils. Body 1. Directions are as follows: Handout scratch paper and a marker to each student. The teacher will read a statement to the class from the Insurance Quiz sheet 1. Each student must decide whether it is true or false, write the answer down on a piece of scratch paper, and hold up the paper so the teacher can see it.
After every student has an answer, the teacher can reveal the answer and give an explanation for why the statement is true or false. Keeping score is optional.
After the game, handout the Types of Insurance information sheet 1.
This lesson is intended for high school students in ninth through twelfth grades. students how to understand and evaluate alternative automobile insurance.
Give students time to read the information sheet in class. Play What Covers This Risk? H1 Directions are as follows: Prior to class, cut a set of What Covers This Risk?
H1 and put them into a hat or bowl. Divide the students into groups of three. Give each group a set of What Covers This Risk? Keep score for each group on the board. Draw a card from the hat and read the risk card to the class. Each group must then decide what type of insurance may cover the risk which was read.
Overview. Automobile Insurance: The Basics is a short, 60 minute lesson designed to cover the fundamentals of automobile insurance. Students will understand. Types of Insurance Lesson Plan - Free download as PDF File .pdf), Text File .txt ) or Many high school students are covered under their parents for this type of. Math-in-CTE Lesson Plan Template Lesson Title: Reducing the High Cost of Driving In all 50 states, the law requires car drivers to provide proof of insurance. TBD 1. Jack is a 17 year old Quad City high school student with a C average.
They should hold up the flash card they feel is the right answer. After every group has had a chance to guess, reveal the answer to the students.
Discuss each risk and answer with the class before drawing another risk card out of the hat. For every correct answer, the team receives one point.
No points are received for an incorrect answer. Conclusion List the five types of insurance discussed on the board. Ask students to name when a person should have each type of insurance. Students complete the Types of Insurance worksheet 1. A1 based upon the Types of Insurance information sheet 1.
Students complete the Insurance Terminology Scramble worksheet 1. A2 as a quiz or a worksheet. Below is a word bank to accompany it. The teacher can decide whether or not to give the word bank to the students to complete the worksheet.
Materials Types of Insurance worksheet 1. A1 Insurance Terminology Scramble worksheet 1. A2 Insurance Quiz sheet 1. B1 Types of Insurance information sheet 1. F1 What Covers This Risk? A1 Worksheet. Complete the questions below based on the information in the Types of Insurance information sheet 1.
Identify two of the different types of dollar amounts specified in an insurance policy. What is the minimum type of coverage for automobile insurance required by law?
Explore their state insurance department's website to learn more about its functions; Understand policies and regulations around health and auto insurance in. Some high school students already have their driver's licenses; others will soon have them. how to be more informed consumers by teaching them the basics of auto insurance. View the lesson plan. Printable version of lesson plan (PDF). High School Lesson Plan: oldseaportinn.com Home and Auto Insurance Experience. An animated experience of insurance needs and risks. 1. Introduction.
She gets into an accident with Risky Rick, an uninsured driver. Will Susie have to pay for her car repairs because Rick is uninsured? Why or why not? Identify six different types of health care costs which may be covered under health insurance depending upon the policy.
How much insurance coverage should a homeowner carry to be protected from the risk of a home being completely destroyed?
A2 Worksheet. Write the word which is described by the following statements in the spaces provided.
The number of blanks corresponds to the number of letters each word contains. Amount paid out of pocket by policyholder for the initial portion of a loss before the insurance company pays. Protection for a dwelling against perils like fire and lightning. Accident, theft, damage, destroyed, unexpected.
Fee paid to the insurer to be covered under the specified terms. Many high school students are covered under their parents for this type of insurance. Consumer who purchased the policy.
People must have this type of insurance to drive their vehicle. Contract between the individual and an insurer specifying the terms of the insurance. Title of people receiving money from a life insurance policy after the insured person dies.
Before you get out of high school, you'll probably be behind the wheel of a car. At some point you'll ask, Why do I need Car Insurance? The easiest answer is. Get Car Insurance - It's the Law. Before you get out of high school, you'll probably be behind the wheel of a car. At some point you'll ask, "vVhy do I need Car. An introductory lesson on basic car insurance terminology. Grade - Twelfth Grade - K12 - High School Students - Middle School - Adults - Special Education .
Arrangement between an individual and an insurer for protection against risk. Insurance which helps to provide income during an illness or injury.
Unnecessary insurance for high school students with no financial dependents. B1 Assessment. True or False Auto insurance is required by law to drive an automobile. True Liability is the minimum amount of insurance required by law to be driving an automobile. Almost 1 in 12 dollars in the U. True or False Most individuals or families can afford health care and medical expenses. False Health care costs are extremely high and it can be hard for the average person to afford health care.
True or False Most Americans have employer-based health insurance.Lesson 13: Insurance 3: Health Insurance, Insurance 4: Auto, Home & Liability Insurance (2013)
True of False Life insurance is necessary for everyone. False Life insurance is necessary for anyone who has someone depending on them financially.
True or False Disability insurance is necessary only for people with disabilities. False Disability insurance is necessary for anyone with a job. Types of Insurance Lesson Plan Uploaded by pcsgdnwu.
Auto Insurance Lesson Plan
Flag for inappropriate content. Related titles. Constantino vs Asia Life Insurance G. L August 31, Jump to Page. TBD 1.
He drives a Ford Explorer. If Jack were paying his own insurance premium, it would be: TBD A. Because his parents carry Jack as a second driver on their auto insurance policy, how 3. Age, driving record, 2 claims, academic standing 4.
Kind, model, and value of car; type of coverage and deductible, distance driven to work and yearly; city of residence; marital status. Insurance costs can change when any of the factors associated much has their premium increased every six months since he began driving a year ago? What factors does Jack have that make insuring him a high risk for an insurance company?
Are there other factors that insurance companies consider when determining the cost of an auto insurance policy? What could Jack do to lower his insurance costs? Worksheet for CTE math adding money and practice using a calculator.
Students use online resources to find Bluebook value for family-owned own vehicles.
For young drivers, insurance quotes are based on the following factors: Work through the math example embedded in the CTE lesson. New terms: Insurance companies use tables to determine base premiums. He contacts Secure Insurance and asks for a quote. His car age group is D and his insurance rating group is He has a driver- rating factor of 1. What will his annual base premium be? What will his annual premium be? Work through related, contextual math-in-CTE examples.
If she wants the same insurance coverage as John, what will her annual base premium and annual premium be?
Work through traditional math examples. Using the chart above, if a car is in age group C and the principal driver has an insurance rating of 10 and a driver-rating factor of 1. Students demonstrate their understanding. Mike Fladlien uses his car mainly to drive to and from work. His car is age group B and his insurance rating group is Currently, his driver-rating factor is now 2.
However, he learns that his driver-rating factor will drop to 2. Formal assessment. Her driver-rating factor is 1. Her car is in age group B, and rating group What are her annual base premium and her annual premium? Suggestions for student engagement and group work: Pool the results on a class chart. Have each student draw a card describing 8 driver characteristics and have each student contact an insurance agent for an auto insurance quote or see if there are insurance calculators online.
Tabulate the class data. Related documents.