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      • 0 - Pre-Calc Review
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      • 2 - Properties of Limits
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      • 6 - Consumer Awareness
    • Unit 3 - Financial Planning and Insurance >
      • 7 - Bargain Shopping
      • 8 - Investing and Retirement
      • 9 - Insurance
    • Unit 4 - Income, Taxes and Giving >
      • 10 - Money and Relationships
      • 11 - Careers and Taxes
      • 12 - Giving
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Careers and Taxes

Foundations in Personal Finance - Chapter 11

We will learn the seven basic types of insurance coverage needed and become make sense of all the related terminology. This chapter will break down the different types of life insurance and how and when to get the right coverage.

Chapter 11 Learning Outcomes

In this chapter, students will…
  • Explain why insurance is an essential part of a healthy financial plan.
  • Identify and describe the seven basic types of insurance coverage needed.
  • Understand the importance of disability insurance.
  • Evaluate the reasons why life insurance is not an investment.
  • Differentiate between term and cash value life insurance.
  • List types of insurances to avoid.

Chapter 11 Vocabulary

Cash Value Insurance
Collision
Comprehensive
Disability Insurance
Health Insurance
Renter’s Insurance
Term Insurance

Academic Standards Met in Chapter 11

Risk Management and Insurance: Use appropriate and cost-effective risk management strategies.
HS-PF5-1: Identify common types of risks and basic risk management methods.
HS-PF5-2: Explain the purpose and importance of property and liability insurance protection.
HS-PF5-3: Explain the purpose and importance of health, disability and life insurance protection.

Files for Download

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Chapter 11


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