SLIDE 1
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Nearly 100 Million
Adult Americans have NO life insurance
Only 4 in 10
have individual coverage
Why Life Happens is needed
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1 Why Life Happens is needed Nearly 100 Million Adult Americans - - PowerPoint PPT Presentation
1 Why Life Happens is needed Nearly 100 Million Adult Americans - - PowerPoint PPT Presentation
1 Why Life Happens is needed Nearly 100 Million Adult Americans have NO life insurance Only 4 in 10 have individual coverage 2 Awareness Social Media Programs Campaigns & Online LifeHappens.org Life Blog Advertising Media
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Programs
Awareness Campaigns Social Media & Online
Advertising Media Relations
LifeHappens.org
Life Blog
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Lifehappens.org
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SLIDE 5
101 sections
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Who Needs It?
Life stages
Calculate Your Needs
Needs Calculator
Your Options
Different types
Getting Coverage
Where to buy
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Powerful Videos
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The True Cost of Life Insurance
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Blog
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Educating through social media
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Millennials
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Infographic – planning for the future
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Topics covered:
- Risk Management
- Life Insurance
- Health Insurance
- Disability Insurance
- Financial Planning
High school program focusing on financial literacy Program statistics:
- Introduced ¡in ¡1997 ¡
¡
- Served ¡over ¡80,000+ ¡teachers ¡
- Helped ¡educate ¡
28 ¡million+ ¡ ¡ students ¡
www.lifehappens.org/nextgenera9on ¡
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Next Generation – Previous Editions
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Next Generation Program
- Educators ¡Guide ¡
- Student ¡worksheets ¡
- Videos ¡
- InteracCve ¡quizzes ¡
- Student ¡secCon ¡
- NaConal ¡standards ¡chart ¡
- Other ¡helpful ¡links ¡
SLIDE 16 GUIDE: Risk 11
Pre-/Post-Quiz:
Before launching this unit, print the “Risk” quiz from the “Lessons & Worksheets” section of the site, or send students to www.scholastic.com/NextGeneration/Students to take an interactive version of the quiz and print their answers. Explain to your class that the quiz is meant to be a benchmark to assess their prior knowledge of the topic and will help you organize class discussions. The quiz can also be used as a post-assessment tool after students have completed the unit lessons.
1
Which statement(s) describe the relationship between risk and insurance? A. Insurance can help protect a policyholder from losses that can come from risk B. Risk levels can impact a person’s insurability- C. Only people who take risks need insurance
- D. Both A and B
- E. Both B and C
2
Which of the following factors do insurance companies use to determine the potential risk- f an applicant?
- A. Age, gender, and health
- B. Gender, health, and income
- C. Age, health, and income
- D. Age, health, and geographic location
3
Which insurance professional calculates risk based on loss percentage and determines insurance rates and premiums?- A. Accountant
- B. Actuary
- C. Insurance agent
- D. Underwriter
4
The most effective way for insurers to employ risk pooling is to:- A. Keep the risk pool as small as possible
- wn risk pool
- D. Keep every risk pool the same size
5
In general, an insurance company will charge more for “high-risk” cases than “low-risk” cases.- A. True
- B. False
6
Who would you expect to pay more for a new term life insurance policy?- A. A 25-year-old who smokes
- f money
- C. A 25-year-old who owns a house
- D. They would all pay the same amount
7
Twins, age 18, apply for car insurance. The insurance company could charge them different rates based on gender.- A. True
- B. False
8
A 45-year-old warehouse worker injures his back cleaning his gutters and can’t work for eight weeks. Which of his insurance policies will help him make ends meet by paying him a percentage of his income while he is out- f work recovering?
- A. Life insurance
- B. Health insurance
- C. Disability insurance
- D. Homeowners insurance
9
A couple with a young baby purchases a life insurance policy. What is the payment that they will make monthly or annually to the insurance company for coverage called?- A. Premium
- B. Co-payment
- C. Principle
- D. Dividend
10
Why might the couple be investing in life insurance? A. To have income to travel and enjoy life when they retire- B. To earn interest in the short term
- C. To save on taxes
What’s Risk Got To Do With It?
Lesson 2 What is risk?- What types of risk do we face?
- What other categories of risk would you add to this list? Give some examples.
- Student Printable
What’s the Risk?
Part A: Rate the Risk Risk is part of life. It also plays a key role in insurance. Underwriters who work at insurance companies study policy applicants to assess their potential risk factors. The underwriter then compares an applicant’s risk factors with others in a group to determine whether the applicant is a high risk or a low risk and to determine how much the applicant should be charged for insurance. Underwriters use three primary factors to classify risk: age, gender, and health. Other aspects of the applicant’s life are also examined and factored into his or her risk level. In the chart below, assess the potential risks for each person listed. Next rate each person’s risk level using a scale of 1 to 5, with 1 being “low risk” and 5 being “high risk.” Which people would you expect to pay the highest insurance premiums? Some people purchase insurance as a form of risk- management. Why do you think some people purchase
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SLIDE 17
Stories of what happens when parents die without life insurance and the impact it has on those left behind.
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SLIDE 18
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