Lesson Objectives
- Explain why insurance is an essential part of a healthy financial plan.
- Identify ways to lower the cost of insurance premiums.
- Identify insurance for the types of risks that young adults might face.
Assignment 9.I.1
- Inside of your Unit 3 folder, create a new folder titled Chapter 9. Everything you complete for Chapter 9 will be stored within this folder.
Assignment 9.I.2
- Read each of these statements and mark whether you agree or disagree.
Assignment 9.1.1
- Watch Video 1.1
- Record the missing words from pages 188-190 of the textbook as they pop up on the left side of the video screen by filling in this form. (pages 188-190) .
- Discussion Questions:
- Explain the role of insurance in your financial plan.
- Why is it important to understand that insurance is a financial product?
- If you have a full emergency fund, what is the best way to keep your premiums down?
- Watch Video 2.1
- Record the missing words from pages 191-194 of the textbook as they pop up on the left side of the video screen by filling in this form. (pages 191-194) .
- Discussion Questions:
- What is the purpose of liability insurance protection?
- Why do you need to have comprehensive coverage on your vehicle in addition to collision?
- What are some things you can do to get a good deal on car insurance as a teen driver?
- What does a homeowner’s insurance policy protect you against?
Assignment 9.1.2
- Make a copy of this Google Document.
- Rename the file to Personal Finance Journal-C9-(Your Initials).
- Move this file into your Chapter 9 folder in your Google Drive.
- Fill out the first three rows of the table by answering the question.