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 Common Core aligned project students decide which insurance policies they will purchase to protect them against risk. They experience how life events influence financial capabilities and calculate their out-of-pocket expenses each month. There are opportunities for discussion and reflection.

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.

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.