Category: Insurance

What have been the top 10 NGPF Questions of the Day?

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Nov 12, 2018
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Question of the Day, Insurance, Budgeting, Career, Credit Cards, Paying for College
A little over a year ago, we made the fateful decision to produce a new Question of the Day for every day during the school year. Over 250 questions later, we're still going strong. I thought it would be fun to go back and see what questions garnered the most pageviews to try and tease out some themes. Announcing NGPF's top 10 Questions of the Day since October 15, 2017: 10. What's the average lifespan of a toy fad? 9, What color car is more costly to insure: red or black? 8. What are teens...

Reading List for November 3-4

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Nov 02, 2018
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Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
Financial Literacy A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well. The Visual Capitalist depicts the US problem with financial literacy in pictures. Economics/Cryptocurrency 250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...

Question of the Day: How much could the average consumer save by shopping around for auto insurance?

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Oct 07, 2018
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Insurance
Answer: $417 What types of items do you shop around for before making the purchase decision? What types of items do you NOT shop around for before purchasing ? Why do you choose not to find other prices for these items?  The average auto insurance policy is over $1,000 in many states. Why do you think that most people don't shop around for auto insurance?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Nerd...

Reading List for September 29-30

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Sep 28, 2018
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Career, Insurance, Paying for College, Personal Finance, Current Events
Career advice The New York Times discusses the importance of mentors (especially for women) to your careers and talks about how to find them. Recode brings us data on the realities of the gig economy – more people working it but their earnings are down from five years ago. Insurance Life insurance companies are offering premium discounts for healthy behavior, applying behavioral finance concepts. (NYT Your Money column) Recent growth in health club industry has been attributed to the...

Question of the Day: What's the average annual car insurance rates for a 16 year-old driver with their own policy?

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Sep 18, 2018
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Insurance, Question of the Day, Budgeting, Research
Answer: $6,930 Questions: Why do you think that 16 year olds have such high car insurance premiums?  What other factors, other than age, do you think that car insurance companies take into account when setting premiums?  If you currently drive and have your own insurance or are on your parent's/guardian's policy, do you know what the cost is?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Digging Deeper: Retirement’s Difficult Choices (Part 2)

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Jun 25, 2018
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Retirement, Insurance
Planning for Health Care Expenses High on my retirement planning “to do” list has been to make a call on whether or not to get long-term care insurance. I have been procrastinating mightily on this one. So when I read an article outlining a new model for assessing health care costs in retirement (long-term care insurance is part of this equation) put together for Vanguard by Mercer Health Benefits, it pushed the issue back onto my regular “to do” list. Time is money,...

What I'm Reading This Weekend (June 23-24)

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Jun 22, 2018
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Current Events, Employment, Personal Finance, Taxes, Stocks, Insurance
Today’s Headlines: States cleared to charge sales tax on online sales and banks pass first phase of the Fed’s stress tests, wait to hear if they can buy back shares or increase dividends.  Demographics/Employment As baby boomers retire, there are fewer workers to take their places. Who will support them? This WSJ article includes some informative maps. The FRB of Atlanta published an article detailing its findings on industries facing a shortage of workers. One aspect of...

What's New With.....Insurance?

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Jun 01, 2018
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Insurance, Current Events
Merger mania hits all types of insurance companies. For Health insurance companies, the mega mergers of the major insurers were not approved, so the mergers are more creative/vertical in nature. In the property/casualty sector, AXA (France) moved to buy XL Group (Bermuda) for over $15 Billion. Walmart looking to get into the health insurance business by acquiring Humana. Health Insurance There are four new exemptions for avoiding penalties for not having health insurance.   The...

Question of the Day: Can you get an insurance policy to cover...?

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Apr 04, 2018
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Question of the Day, Insurance, Research
Can you get an insurance policy to cover... Death by laughter? Loss of taste buds? Kidnapping and ransoms? Answer: Yes, yes and yes! Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions: Who do you think might want an insurance policy to cover them if they lost their taste buds? If you were a professional athlete, what might you want to get an insurance policy for? In your own words, what is the purpose of...

The "I'm Glad That I Have Renters Insurance" Activity (courtesy of Brian Page)

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Apr 04, 2018
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Insurance, Activities, Activity, Budgeting
While on the subject of insurance, thank you to Brian Page for sharing his two-part activity to teach students about renters insurance. Once students choose their policy option they get one of those unwelcome surprises where they get to immediately apply what they have learned. Here are links to Part I and Part II of the activity.  Renters Insurance has never seemed so exciting, so just remember, stay calm... ------------------------------ Handout: Renters Insurance Part I (20 minutes):...

What I'm Reading This Weekend (April 1st and 2nd)

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Mar 30, 2018
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Current Events, Insurance, Student Loans, Stocks, Budgeting, Interactive
Social Media under the Microscope Unless you have had your head in the sand, every other headline this week was about FACEBOOK.  Here are a sampling of articles that cover all of the angles. You can start here with an explanation of the Google and Facebook privacy issue. Then learn what data Facebook (and others) collects on users. (EVERYTHING!!!) Are you now curious to see exactly what Facebook has on you?  This tells you how to get that info for yourself. If that was scary - maybe...

What's New With...Insurance?

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Mar 15, 2018
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Insurance, Current Events, Article
What’s New with Insurance One college has an innovative way to get students interested in insurance. Butler University has a student-run insurance company.  What a way to learn about risk and evaluate costs! You Can Insure That? Do you know when to buy or decline rental car insurance? Editor’s Note: I declined, had a deer wreck our rental and discovered after a few anxious hours that my auto insurance policy covered rentals. Phew! Should you buy travel insurance? How about...

Digging Deeper: How Far Would You Go to Lower Your Car Insurance Costs?

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Feb 19, 2018
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Insurance, Current Events
An ad popped up in my feed the other day for auto insurance.  It offered the possibility of lower rates if I plugged a tracking device like this in my car to monitor my driving habits. I knew these things existed.  I had even asked my insurance agent about them. Major insurance companies like AllState and Progressive have this device.  At this point in time, if these devices indicate you are a safe driver, you will get a discount (the actual size of these discounts is up for...

Question of the Day: Until what age can a child stay on their parents' health insurance?

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Feb 13, 2018
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Insurance, Personal Finance, Question of the Day, Current Events
Answer: 26 years old. Questions: There’s a misconception that young people don’t have to get insurance because they’re generally healthy and don’t need it. What’s one argument against this? Do you think there is a cost to being on a parent's health insurance plan? If so, do you think a child's insurance is more/less expensive than their parent's health insurance?  Do you think this is a good policy to allow students to stay on their parent's health insurance...

Question of the Day; What percent of young adults get their driver's license before the age of 18?

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Jan 29, 2018
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Insurance, Question of the Day, Budgeting
Answer: 54% Questions: Did you get/plan to get your driver's license before you turned 18?  At what age do you think it is important to have a driver's license? Explain.  Did you/will you use a driving school to learn how to drive? How much did it cost?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Pacific Standard):  Nationwide, delays in obtaining a license are...