Students investigate different types of insurance and determine which types they will most likely use in their lifetimes.
Protect (Managing risk, Using insurance)
CTE (Career and technical education), Physical education or health, Social studies or history
High school (9-10), High school (11-12)
45-60 minutes
Big idea
We all face risks in life, and insurance is one way to help reduce financial costs when these challenging life events happen.
Essential questions
- Which types of insurance will I most likely purchase in my lifetime?
- Without insurance, what financial risks might I face?
Objectives
- Identify the purpose of different types of insurance
- Understand the risks of not having insurance
What students will do
- Review types of insurance and identify who or what each type insures.
- Consider the likelihood that they would buy each type of insurance in the future.
- Select three types of insurance they think would be most important to them in the future and explain why they selected these types.
Download activity
Teacher guide
cfpb_building_block_activities_exploring-types-insurance_guide.pdf
Student materials
cfpb_building_block_activities_exploring-types-insurance_worksheet.pdf
cfpb_building_block_activities_types-of-insurance_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.
