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.

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Chapter 11
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