Illustrating insurance concepts

Updated Jul 21, 2022

Students illustrate their understanding of insurance by creating a poster depicting key insurance concepts.

Big idea

Insurance helps protect people from financial risks.

Essential questions

How does insurance protect you from paying high costs if something goes wrong?
How do insurance policies work?

Objectives

Identify some common types of insurance
Describe how insurance works

What students will do

Review information about insurance to understand how it can help people manage risk.
Make a poster illustrating their understanding of insurance concepts.

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Teacher guide

cfpb_building_block_activities_illustrating-insurance-concepts_guide.pdf

Student materials

cfpb_building_block_activities_what-is-insurance_handout.pdf

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

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Key information for this activity

Building block

(What are the building blocks?)

Financial habits and norms

Topic

Protect (Managing risk, Using insurance)

School subject

CTE (Career and technical education), Fine arts and performing arts, Physical education or health

Audience

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

Age range: 13-15, 16-19

Student characteristics: English language learners, Special education, Low income, Rural, Urban

Activity characteristics

Activity type: Individual

Teaching strategy: Project-based learning

Bloom’s Taxonomy level: Create

Activity duration: 45-60 minutes

National standards

(What are the national standards? )

Standards: VI. Managing risk

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