Lesson Objectives
- Differentiate between term and cash value life insurance.
- Explain how one becomes self-insured.
- Examine the purpose and importance of a will.
- Know what types of insurance to avoid and why.
Assignment 9.3.1
- Watch Video 3.1
- Record the missing words from pages 200-201 of the textbook as they pop up on the left side of the video screen by filling in this form. (pages 200-201) .
- Discussion Questions:
- What is the purpose of life insurance?
- What type of life insurance does Dave recommend?
- Watch Video 4.1
- Record the missing words from pages 202-203 of the textbook as they pop up on the left side of the video screen by filling in this form. (pages 202-203) .
- Discussion Questions:
- What are some unnecessary types of insurance?
- How does someone become self-insured?
Assignment 9.3.2
- Make a copy of this Google Document, rename it My Will-(Your Initials), and move it to your Chapter 9 folder.
- Read the directions within the document and complete it as directed.
Assignment 9.3.3
- In your Personal Finance Journal-C9 file in your Chapter 9 folder, complete the next two rows in the table by answering the question listed.