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INSURANCE LESSON PLAN POLICY QUESTIONS TYPES TEACHING AND LEARNING SAMPLE EXAMPLE STUDENTS PRACTICE TEACHER LIFE SKILLS CURRICULUM UNIT

 

 

 

 

Students learn about an insurance policy, and the basic types of insurance.

 

 

INSURANCE INTRODUCTION:
TYPES OF INSURANCE

 

An introductory lesson on understanding insurance, terminology, and the different types of insurance.

Objectives:

  • Students will learn about the various kinds of insurance and why it is important in everyday life.

  • Students will discuss different coverage that is available to cover risk to which they will be exposed in their lives.

Suggested Grade Levels:

7th-12th grade, Secondary Education

High School and Adult Education

 
 

 

INSURANCE LESSON PLAN

 

Materials:

 

Procedure:

Insurance is defined as a contract (called an insurance policy) where one party (insurer) agrees to pay another party (insured) for losses affecting the insured's interests (the insurable interest).

Premium is the consideration that the insurer receives for paying the loss.

Ask students their experience with premiums, if applicable.

Insurance Types Include:

  • Homeowner's Insurance

  • Life Insurance

  • Health Insurance

  • Disability insurance

  • Automobile Insurance

  • Title Insurance

  • Social Insurance

  • Worker's Compensation Insurance

  • Malpractice Insurance

  • Excess Liability insurance

  • Annuity

Teachers may introduce this lesson by having the class brainstorm different scenarios of "disasters" that could happen in their daily lives.

Examples are automobile accident, fire, sickness, etc... Then ask the students the after-effects of each of those accidents. What if there was a way to ensure that one wouldn't go bankrupt after a sickness that required hospitalization? Or if loved ones could be taken care of after a family member's death?

There is a way - that is called insurance.

 

Application exercise:

Combine the student's into groups to discuss which type of insurance would help their original brainstormed list of accident/disasters.

Why or how would insurance help them in these incidents? When would insurance NOT help? What types of insurance do they or their parents have? Is there a need for other types of insurance in their future?

Discuss examples.

 

 

Lesson Printable Materials - Worksheets

Print out the following pages for use with this lesson:

 

INSURANCE LESSON

Insurance Types Lesson *

Lesson on the traditional types of interview questions.  Includes student questions and task.

       
INSURANCE WORKSHEETS    

Insurance Worksheets *

Insurance worksheets. Students should fill in the blank with the correct word, answer true or false, and justify answers.

   

 

 

Do you have a recommendation for an enhancement to this insurance lesson, or do you have an idea for a new lesson? Then leave us a suggestion.

 

 

 

 

Back to more Insurance Lessons, Worksheets, and Information

 

 

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