Insurance- Interactive Activities Bundle

This comprehensive bundle of 12 insurance worksheets is designed to provide students with a thorough understanding of various types of insurance, including the basics of insurance, auto insurance, health insurance, and more. Each worksheet engages students through practical activities, simulations, and real-world scenarios, ensuring a deep and lasting grasp of essential insurance concepts. Here’s an overview of the worksheets included:

1. With And Without Insurance - The Need For Home Insurance: In this worksheet, students will learn the importance of insurance by comparing two homeowners, Alice and Bob, over a 10-year simulation. Alice has home insurance, while Bob does not. Students will analyze events affecting both homes, calculate costs, and understand how insurance helped
2. Insurance: Categorize Risks: In this activity, students will categorize different unforeseen events that can happen to their House, Car, Health, and Travel, along with typical expenses.
3. Insurance Pooling: How Insurance Companies Make Profit: Students will understand the concept of insurance pooling and will calculate the total profit of a fictitious auto insurance company in a year.
4. Premium Calculator: Premium Vs Deductible Vs Coverage: In this worksheet, students will use a premium calculator to understand how coverage amounts and deductibles affect insurance premiums. By inputting different values, they will calculate annual premiums and learn to balance coverage needs with affordability, enhancing their decision-making skills.
5. Choosing Your Car Insurance: In this worksheet, students will select an auto insurance plan (basic, standard, deluxe, or platinum) and evaluate its benefits over four years. They will analyze a series of events affecting their car, calculate premiums and out-of-pocket costs, and compare the financial benefits of having insurance.
6. Auto Insurance: Analyzing The Declaration Page: Students will read and understand the declaration page of auto insurance. They will understand key components like premiums, deductibles, coverage, etc. The review questions will make sure that students understand the need for auto insurance.
7. Auto Insurance: Identifying Coverage Type: In this worksheet, students will classify a set of events happening to a car according to the appropriate auto insurance coverage type, such as liability, comprehensive, collision, personal injury protection, and uninsured motorist coverage.
8. Hospital Expenses - The Need For Health Insurance: In this worksheet, students analyze average hospital expenses for various treatments and the cost of hospital stays in different states. They then simulate health events over five years for Mr. John, who has a $500 monthly health insurance premium. Students calculate total costs incurred for premiums and deductibles, comparing them with actual medical expenses to understand the benefits of health insurance.
9. Health Insurance: Comparing Plans: In this worksheet, students will compare two health insurance plans—the Bronze Plan and the Gold Plan—each with different premiums, deductibles, co-insurance rates, and out-of-pocket limits. By analyzing these plans and answering scenario-based questions, students will learn to make informed decisions about choosing the right health insurance.
10. The Need for Renter's Insurance: In this worksheet, students will explore the importance of renter's insurance by calculating the total cost of items in a rented apartment. They will select items like couches, coffee tables, TV stands, etc., see the total value of their possessions, and decide whether to pay $12/month for renter's insurance or risk losing all their belongings in an incident.
11. Renters Insurance: Analyzing Sample Policy: In this worksheet, students will analyze a sample renter's insurance policy to understand coverage limits, standard deductibles, and additional coverage options. Students will answer questions based on the policy document, reinforcing their understanding of comprehensive insurance protection.
12. Analyzing Homeowners Insurance: Students will read and understand a sample homeowner's insurance, understand the coverage details, premium, deductible etc.

Key Learning Outcomes:

• Comprehensive Insurance Literacy: Students will gain a thorough understanding of various types of insurance and their importance in financial planning.
• Practical Application: Through simulations and real-world scenarios, students will learn to apply insurance concepts to everyday situations.
• Informed Decision-Making: This bundle equips students with the knowledge to make informed decisions about purchasing and managing different types of insurance policies.