Day 71

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.S.1

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

Assignment 9.S.2

  1. Make a copy of this Google Document, rename it to What I Learned-(Your Initials), and move it into your Chapter 9 folder.
  2. Complete the document as directed within.

Assignment 9.S.3

  1. Utilize this review to assess your learning from Chapter 9.  You have 10 attempts to get as good of a score as you can.  You are free to use the online textbook above when going through this review.

Assignment 9.S.4

  1. Make a copy of this document.  
  2. Rename the document Short Answer 9-(Your Initials).
  3. Move the Short Answer 9-(Your Initials) into your Chapter 9 folder.
  4. Use your Chapter 9 textbook link to help answer your questions.
  5. Answer the questions in complete sentences.

Assignment 9.S.5

  1. Make a copy of this document.
  2. Name the document Case Studies 9-(Your Name) and move it into your Chapter 9 folder.
  3. Read three of the cases and write a possible resolution to the problems presented. Remember to apply the personal finance knowledge and principles you have learned in this chapter.

Chapter 9 Folder

  1. Log into your Google Drive account.
  2. Navigate to your Chapter 9 folder inside of your Unit 3 folder
  3. Share your Chapter 9 folder with your teacher.  Your folder should contain the following files:
    • Personal Finance Journal-C9
    • Liability Limits
    • Health Plan
    • LFPP
    • Insurance Policies
    • My Will
    • My Risks
    • Rent Insurance
    • What I Learned
    • Short Answer 9
    • Cash Studies 9