Personal Collection Detail View

When you’re young and healthy, insurance doesn’t seem like it should be a high priority. The chances of something
bad happening seem remote, and you’d rather not think about that anyway. But misfortune does happen—to
expensive things. So everybody needs to think about insurance.
How can you use this in your life?
You will use what you have learned in this unit to outline a personal insurance plan to minimize the
risk of financial loss.

You will know you have succeeded when:

You identify lifestyle characteristics that will affect your insurance needs now and three years from now

You outline your insurance needs related to your current lifestyle

You outline your potential insurance needs related to your predicted lifestyle three years from now

You estimate the monthly or annual costs of each type of insurance

You describe how your insurance needs will affect your budget

You list at least three specific ways you can reduce your insurance costs

You describe specific ways you can avoid, reduce, accept, and/or share the risk of personal and financial loss

You provide a rationale for choosing insurance and other risk management options

Students will complete daily assignments and 25 question test.