Life Insurance: Policy Basics

Overview

Life Insurance: Policy Basics is the final lesson plan for the life insurance unit. This lesson plan evaluates the ins and outs of a life insurance policy. Topics covered include contract vocabulary, applying for life insurance, and filing a life insurance claim.

Objectives

The students will:

Analyze a life insurance contract

Understand life insurance contract vocabulary

Present the key components to various life insurance policy types

Time Required

60 Minutes

Materials:

To download the materials, right click and 'save target as' (PC) or hold down the option key and click the link (Mac).

 Power Point Presentation

 Group project explanation and rubric

Procedures:

Download/View the lesson procedures.

Assessment:

Divide the students into five groups. Assign each group one of the following types of insurance: term, whole, limited payment whole life, variable and universal. Hand out a rubric for presentation assessment.

Students will give an 8-10 minute presentation on their findings

Resources/Contributors:

Crews, Tana B. Fundamentals of Insurance. Dubuque: South-Western, 2003

Ryan Lee Moore