1. Insurance!

2. Journal Replacement Activity
Don’t get anything out but a pencil!
Put a check in the left hand column if you get it, the right hand column if you would like some review

3. What is the point of insurance?

4. Key Terms (General)
Agent - A person who sells insurance; your direct contact with an insurance company.
Deductible - The amount of money you agree to pay when there is a loss
Premium - Typically monthly fee that you pay for insurance
Policy - an insurance contract which contains the pertinent facts about the policy owner, the insurance coverage, the insured and the insurer
Insured - The person getting insurance
Insurer - The company giving insurance
At-fault - Describes the person who did something to cause an accident

5. Group Research
Use the files your group gets to become an expert on one type of insurance. Follow the instructions on the first page of your packet to study about your assigned type and prepare a presentation.
You may use your phones to do additional research/look up words you don’t understand
10 minutes… Ready, Set, Go!

6. Not a Journal
OBJECTIVE
Students will be able to…
Describe differences in insurance coverage policies
Determine what insurance would be a good investment for them and what wouldn’t
AGENDA
Prepare Presentations
Presentations/Insurance Activities
Immediately get back together with your insurance group to finalize your presentations.
Decide who will be doing what in the presentation (everyone needs to participate!)
Finish highlighting your file so that you can turn it in when you present
If you have extra time, practice your presentation so you can work out any kinks

7. Announcements I won’t be here on Thursday You’ll be taking a test
Look for a study guide online tonight
Don’t forget the stock market game – 3 Fridays left

8. Presentations
While each group gives their presentation, I expect you to give them your full and undivided attention. Take notes on the terms and definitions that they say are important
After they present, I will have additional notes/activities for you to do to finalize our understanding of the topic
Class goal: Smooth transitions between activities

9. If you have a higher deductible, your premium will be lower
Car Insurance
Filing a claim
Liability Insurance- This is the one that you have to legally have
Covers damage to other people’s stuff
Collision- Covers damage to your car in an accident
Comprehensive- Everything else
If you have a higher deductible, your premium will be lower

10. Car Insurance - Activity
Story Time!
Now fill out the accident report based on the event that I just described to you
What were some difficulties of filling out that report?
How can you be better prepared in case you ever get into an accident?

11. Home Insurance What does it cover?
Liability- Protects people who get hurt on your property
Renter’s Insurance- Pretty inexpensive insurance that covers your belongings if you rent, rather than own a home. Get this.
Typically, you can bundle it with your car insurance

12. Home Insurance - Activity
Homework!!!
Go home and list everything (within reason) you can in your bedroom, and estimate its value
Then answer the questions at the bottom of the page

13. Life Insurance
Provides your family money in the case of your death, to help cover the loss of income
Permanent Policy- As long as you pay your premiums, you’ll be covered
Term Life Insurance- Usually cheaper plan that expires after a period of time called a term

14. Life Insurance- Activity
Decide whether each scenario described on your worksheet describes a term life insurance policy or a permanent insurance policy

15. Health Insurance HMO v. PPO
HSA – Tax advantaged investment accounts where the money has to be used for approved medical purposes.
Copayment

16. Health Insurance- Activity
Follow the Instructions on the worksheet

17. Disability Insurance
Elimination period – The amount of time you have to wait before your insurance to kick in.
Doesn’t pay your bills for you, just replaces your income

18. Disability Insurance – Activity
Figure out my boy Johnny’s life situation for me. He’s trying to decide whether or not disability insurance is worth it.