Day 65

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

  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

  1. Read each of these statements and mark whether you agree or disagree.

Assignment 9.1.1

  1. Watch Video 1.1
  2. 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) .
  3. Discussion Questions:
    1. Explain the role of insurance in your financial plan.
    2. Why is it important to understand that insurance is a financial product?
    3. If you have a full emergency fund, what is the best way to keep your premiums down?
  4. Watch Video 2.1
  5. 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) .
  6. Discussion Questions:
    1. What is the purpose of liability insurance protection?
    2. Why do you need to have comprehensive coverage on your vehicle in addition to collision?
    3. What are some things you can do to get a good deal on car insurance as a teen driver?
    4. What does a homeowner’s insurance policy protect you against?

Assignment 9.1.2

  1. Make a copy of this Google Document.
  2. Rename the file to Personal Finance Journal-C9-(Your Initials).
  3. Move this file into your Chapter 9 folder in your Google Drive.
  4. Fill out the first three rows of the table by answering the question.