Understanding Insurance

ObjectiveTo introduce children and teens to the different types of insurance.
Description Insurance

The more assets you have, the more income you earn or the bigger your family grows the more important it is to protect the things and people that are important to you. Learn about insurance and think about what kinds of insurance you will need at which point in your life.

Steps:

1. Research the following types of insurance and their purpose:

  • Disability insurance
  • Life insurance
  • Health insurance
  • Long-term care insurance
  • Auto insurance
  • Property insurance
  • Liability insurance

 

2. Download the "Insurance Timeline" from the attachments section. cut out the different types of insurance and then glue them into the time of your life that you think you will need that type of insurance.

3. Show your timeline to a friends or family. Ask them when they needed to start purchasing insurance and what types of insurance they purchased at about which age.

 

 

 

Complete When

Mark this activity as complete when you are able to describe the purpose of each type of insurance listed above.

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This activity is included in the following:

Attachments Insurance Timeline
Prerequisites
Average Rating
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Age Range 13    14    15    16    17    18   
Activity Type Lesson
Tags Personal Finances  Insurance 
CreatedRobRob
Last ModifiedCindyCindy

References

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