Exploring types of insurance

Updated Jul 21, 2022

Students investigate different types of insurance and determine which types they will most likely use in their lifetimes.

Big idea

We all face risks in life, and insurance is one way to help reduce financial costs when these challenging life events happen.

Essential questions

Which types of insurance will I most likely purchase in my lifetime?
Without insurance, what financial risks might I face?

Objectives

Identify the purpose of different types of insurance
Understand the risks of not having insurance

What students will do

Review types of insurance and identify who or what each type insures.
Consider the likelihood that they would buy each type of insurance in the future.
Select three types of insurance they think would be most important to them in the future and explain why they selected these types.

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Teacher guide

Exploring types of insurance (guide)

Student materials

Exploring types of insurance (worksheet)

Types of insurance (handout)

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

Explore related resources

Key information for this activity

Building block

(What are the building blocks?)

Executive function
Financial knowledge and decision-making skills

Topic

Protect (Managing risk, Using insurance)

School subject

CTE (Career and technical education), Physical education or health, Social studies or history

Audience

Grade level: High school (9-10), High school (11-12)

Age range: 13-15, 16-19

Student characteristics: Special education, Low income, Rural, Urban

Activity characteristics

Activity type: Individual, Small group

Teaching strategy: Cooperative learning

Bloom’s Taxonomy level: Understand, Evaluate

Activity duration: 45-60 minutes

National standards

(What are the national standards? )

Standards: VI. Managing risk

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