In this personal finance lesson, students will understand the costs and benefits of the key types of insurance.

This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.

Most people are concerned about protecting the value of their assets, regardless of their income or socioeconomic background. One tool that is commonly used to help reduce the potential of financial loss is insurance. This lesson is designed to explain how insurance can be used to manage personal risk by explaining how insurance works and the various types that are available. Understanding the costs and benefits of insurance enables students to make better financial choices.

Kahoot! – Choices and risks

Quizlet – Types of insurance