What Is Insurance?

ObjectiveTo teach teenagers about life, property, auto and disability insurance.
Description Safeguarding your money

Life can be unpredictable and sometimes things will not go as planned. Learn how to protect yourself, your property and your love ones when disaster strikes.

Steps:

1. Read the information at TheMint.org about protecting your health, property, car, family and income.

2. Answer the following for yourself:

  • What is insurance?
  • Is it important? Why or why not?
  • Do you have any assets that should be insured (a car or an income that you are dependent on)?
  • Do you have any life insurance or critical illness insurance through your work? If so what is covered? Do you feel that this will offer you enough coverage in case something goes wrong? 
  • What types of insurance will you need in the future?

 

3. Discuss insurance with friends or family.

  • What kinds of insurance do they have?
  • How did they choose their insurance policies?
  • Do they feel like they are completely covered if something went wrong?
  • Have they ever had an experience where they had to make an insurance claim? How did it go? Where they happy with the service they got from their insurance provider?
Complete When

Mark this activity as complete when you have read the information at TheMint.org, you have considered your own insurance needs and you have discussed insurance with a friend or family member.

Track your progress and earn badges!

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Age Range 15    16    17    18   
Activity Type Lesson
Tags Insurance 
CreatedCindyCindy
Last ModifiedCindyCindy

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