Insurance

In this activity, students will be able to:

• Discover the different car insurance policies and associated rates
• Compare car insurance rates and coverage
• Analyze the factors that determine car insurance rates for individuals

In this activity, students will be able to:

• Analyze a group of people to determine their financial risk as a potential insurance pool.
• Determine whether a group of people is likely to be a successful insurance pool (based on pool demographics, available data and payment of premiums).
• Available in English & Spanish

In this activity, students will be able to:

• Evaluate the pros and cons of different levels of car insurance.
• Choose the best car insurance policy from multiple, competing policies.
• Describe the financial impact of different types of accidents depending on the type of policy they hold.
• Available in English & Spanish

In this activity, students will be able to:

• Complete a risk profile of an individual.
• Explain how different types of insurance companies might perceive the risk potential of different individuals.
• Available in English & Spanish

In this activity, students will be able to:

• Find health insurance plans from a variety of sources (through an employer’s plan, staying on their parent’s plan, buying directly from an insurance company, or buying through the health insurance marketplace).
• Choose the health insurance plan that best fits their needs.

In this activity, students will be able to:

• Identify the different types of car insurance using their descriptions.
• Determine the appropriate type of car insurance to cover damages in given scenarios.
• Available in English & Spanish

In this activity, students will be able to:

• Describe how different types of health insurance plans divide costs between the insurance company and the insured individual.
• Describe the difference between an HMO, PPO and POS health insurance plan.
• Available in English & Spanish

In this activity, students will be able to:

• Compare premiums and worker contributions for different areas of the country and personal circumstances
• Track trends in premiums and worker contributions over time
• Analyze trends in premiums and worker contributions to propose solutions

In this activity, students will be able to:

• Explain the most important elements of insurance policy.
• Describe the information contained in the Declarations page of an insurance policy.
• Use a sample Declarations page to identify key information about the policyholder and the terms of a policy.
• Use a sample Declarations page to answer scenario-based questions about what an insurance policy covers.
• Available in English & Spanish

In this activity, students will be able to:

• Describe the proper steps to take immediately following an accident to ensure a successful insurance claim.
• Practice conducting role play conversations to prepare them for difficult situations during and following a car accident.
• Complete a claims worksheet to ensure they record the proper information to file a successful car insurance claims.

In this Common Core Standards-aligned project, students will choose two health insurance plans and then calculate their out-of-pocket expenses for a variety of scenarios. They’ll create a spreadsheet and answer questions on the best insurance decisions for them.

• Available in English & Spanish

In this Common Core Standards-aligned project, students will introduce the topic of insurance by researching and teaching basic information related to one policy type.

• Available in English & Spanish

In this Common Core Standards-aligned project, students will conduct research on both sides of the topic and write a persuasive response to the question: Is the government allowed to require insurance?

In this Number Chug, students will:

• Use probability to understand how insurance companies calculate risk and premiums
• Calculate expected value and apply that to potential profits for an insurance company

Common Core Alignment:

CCSS.MATH.CONTENT.HSS.MD.A.2 Calculate the expected value of a random variable; interpret it as the mean of the probability distribution.
CCSS.MATH.CONTENT.HSS.MD.B.5 Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.

With this Fine Print students will be able to:

• Understand the benefits offered by standard health plans
• Understand how standard features of a health plan operate, including deductibles, co-pays and doctor networks

With this Fine Print students will be able to:

• Understand the various components of their auto insurance policy statement
• Understand how auto insurance protects the policyholder against specific risks

In this Case Study, students will help a worried young graduate understand his insurance costs, how they compare to the national averages, and what he can do to make insurance more affordable.