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.
- Identify common types of risks.
- Distinguish between necessary and unnecessary types of coverage.
- Understand the importance of identify theft protection.
- Understand the importance of property and liability protection.
- 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.R.1
- Make a copy of this Google Document, rename the file My Risks-(Your Initials), and move it into your Chapter 9 folder.
- Complete the document as directed within.
Assignment 9.R.2
- Make a copy of this Google Document, rename the file Rent Insurance-(Your Initials), and move it into your Chapter 9 folder.
- Complete the assignment as directed within it.