Test your knowledge on risk. Fill in the box for the correct answer for each question or statement.
|
|
- Shannon Harris
- 8 years ago
- Views:
Transcription
1 Test your knowledge on risk. Fill in the box for the correct answer for each question or statement. 1 2 Which 3 Which 4 The 5 In 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 of the following factors do insurance companies use to determine the potential risk of an applicant? A. Age, gender, and health B. Gender, health, and income C. Age, health, and income D. Age, health, and geographic location insurance professional calculates risk based on loss percentage and determines insurance rates and premiums? A. Accountant B. Actuary C. Insurance agent D. Underwriter most effective way for insurers to employ risk pooling is to: A. Keep the risk pool as small as possible B. Separate the riskiest people into their own risk pool C. Group as many people as possible into the same risk pool D. Keep every risk pool the same size general, an insurance company will charge more for high-risk cases than low-risk cases. A. True B. False 6 Who 7 Twins, 8 A 9 A 10 would you expect to pay more for a new term life insurance policy? A. A 25-year-old who smokes B. A healthy 25-year-old who earns a lot of money C. A 25-year-old who owns a house D. They would all pay the same amount age 18, apply for car insurance. The insurance company could charge them different rates based on gender. A. True B. False 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 of work recovering? A. Life insurance B. Health insurance C. Disability insurance D. Homeowners insurance 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 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 D. To help cover their family s financial needs and obligations if one of them dies
2 Lesson 1 The 411 on Insurance The Basics Student Printable You want to protect yourself, your loved ones and the things you own. How do you do that? You (the insured) buy an insurance policy from an insurer to protect against things that can threaten your financial health or your family s financial future. These things can range from damage to your home or car, to injury, illness or even premature death. You pay a fee (called a premium) monthly, quarterly or annually. If something happens you become ill or are involved in an auto accident for example your insurance company will cover a portion or sometimes even all of the expenses you incur as a result of what happened to you. How can an insurance company afford to pay for your financial loss? Insurance is based on the principle of shared risk, or risk pooling. The money from your premium is put together with the premiums of many other people. That large pool of money is used to pay for losses suffered by individual members of the group. How do insurance companies figure out how much to charge you or someone else? Insurance companies have to know how to measure the risks. They have to estimate how many accidents, illnesses, or deaths there will be within a certain group of policyholders. This is where math techniques, such as probability and statistics, come in handy. Insurers use these mathematical disciplines to determine risk and set rates. Probability: The chance of something happening or not happening within a certain number of occurrences. For instance, your odds of becoming a pro athlete are around 22,000 to 1, while your chances of having your identity stolen are 200 to 1. Law of large numbers also called the law of averages: The larger the group or number of events analyzed, the more accurately events can be predicted mathematically. By collecting data on large numbers of people, insurers are able to predict with a good degree of precision the probability of loss for particular groups for example, teenage boys, middle-aged adults, or senior citizens. So, if you have a car and auto insurance, you probably realize that rates for teens are higher (sometimes a lot higher) than those of other demographic groups. That s because, statistically speaking, you re more likely to have an accident than someone with more driving experience. Maybe that sounds unfair. But insurers don t do that because they think teens may have more accidents they know it. It s the same thing with smokers. Smokers pay more for life and disability insurance because insurers know they have higher rates of cancer and heart disease than non-smokers. Insurers know this because they have been collecting data on millions and millions of people for many decades. The more information they collect and analyze, the clearer the picture becomes. Math Principles in Action: Flip a coin six times. It should come up heads half the time and tails half the time, but it doesn t always. Do this activity with five other people. Have each flip a coin six times, and record the number of heads and tails. Now, add all your heads and all your tails and compare. The results should move closer to as more people participate, demonstrating how the law of large numbers works.
3 Page 2 Using this principle on a much more sophisticated level, the insurance company can set appropriate premium rates. When you apply for an insurance policy, the insurance agent will typically ask a series of questions to make sure you are put into the correct group, or risk classification, and charged a fair premium. Key Players Here are some of the insurance professionals who are involved in helping you protect your life, health and property. Actuary Has advanced math training (probability and statistics). He or she calculates the risks based on loss percentages and determines insurance rates and premiums. Underwriter Employee of an insurance company who evaluates risk and assigns premium amounts. Age, gender and health are key factors they use to determine risk. Insurance Agent A representative of an insurance company who sells insurance contracts (policies) and provides customer service. He or she must be licensed by the state in which a policy is sold.
4 Lesson 2 Student Printable What s Risk Got To Do With It? What is risk? A standard definition would be chance of loss: of life, property, health, comfort, success. What is your definition of risk? What types of risk do we face? Many people think of risk only as involving things that are considered dangerous. In reality, risk is a part of everyday life. It s just that some risks are greater or more obvious than others, and people tend to notice those and associate them with the word risk. For example, which of these two activities makes you think of risk: walking down stairs or motorcycle racing? Motorcycle racing is generally considered higher risk than walking down stairs. But what if there is ice on the stairs, if your shoes are untied, or if the stairs are in bad shape? Some general categories of risk that we face might be: Risk that comes with action: skateboarding, driving, eating junk food all the time Risk that comes with lack of action: not wearing a seatbelt, failing to study for a test Risks you know about but don t think will happen to you: getting struck by a car Everyday risks worth taking: trying out for the soccer or basketball teams; introducing yourself to a person you would like to know; public speaking What other categories of risk would you add to this list? Give some examples. How do we protect ourselves from risk? It is impossible to eliminate all risk from our lives. But there are things we can do to protect ourselves and reduce the chance of bad things happening: Avoid dangerous situations and activities. Use protective devices and preventive measures. Arm yourself with knowledge. Have the facts and skills that enable you to make good decisions. Have insurance. Protect yourself from financial loss due to illness, injury, death, property damage and loss.
5 Page 2 What s risk go to do with it? The bottom line is you want to find ways to reduce the negative impact of risk in your life. List risks you might face daily and ways you protect yourself. The risk (and what can happen) Type of risk (from list) Ways to protect yourself
6 Lesson 3 Student Printable Risk Pooling in Ancient Rome Early Insurance in Practice Insurance is nothing new. In Ancient Rome, they understood the concept of shared risk when soldiers in the Roman Legion went to war. In those days, soldiers pledged to take care of the families of their fellow warriors who died in battle. If each soldier put in a little bit of money, there would be enough to help a family that suffered a loss. These soldiers were practicing risk pooling. See for yourself how it works: You are Flavius Romulus, statistician to the Roman Legion. One of the army centurions has come to you because his troops are expected to contribute to a fund that would pay each soldier s burial expenses and help support the family for two years following the soldier s death in battle. It is your job to determine how much each soldier must contribute to help cover anticipated troop losses. Here is the information the centurion has given to you: He commands 10 units, made up of 10 men each. The yearly salary of his men is 225 denarii (silver coins). The fund only provides support for the families of soldiers who were killed in battle or who died of their battle wounds. Based on army records for the last 10 years, the legion will lose about 5% of its men each year; 2% from battle wounds and 3% from illnesses unrelated to battle. These records reflect that this legion has been located far from front lines of battle for several years. An average burial for a soldier costs 50 denarii. Using this information, answer the questions below. How many men does the group lose per year in this scenario?.... How many of those men are covered under the requirement?... In any given year, how much money do the men have to place in the fund to cover the burials and two years of lost income for their fellow warriors who will die in battle?... How much does each soldier have to put into the fund each year?... What do you think would happen to these numbers if the Legion was called to the front lines? What does this do to the risk pool? What kind of insurance were the soldiers providing for each other?
7 Student Printable Lesson 4 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? Profession Age Gender Health Hobbies Risks Salesclerk 52 M Retired teacher 64 F Baseball player (pitcher) Computer programmer 21 M 27 F Lawyer 38 F asthma; overweight smokes; recent heart surgery frequent workrelated injuries exercises regularly walks 2 miles per day; eats healthfully traveling the world; gardening watching television; quilting participating in triathlons; dirt biking reading; bird-watching; cooking snowboarding; crafting; welding Risk Rating 1=low; 5=high Part B: Assessing Risk Protection Some people purchase insurance as a form of risk management. Why do you think some people purchase insurance and others do not?
risk Introduction to Risk and Insurance Risk Pre-/Post-Quiz...11 Lesson 1: The 411 on Insurance Introduction to Insurance and Risk...
risk Introduction to Risk and Insurance Risk Pre-/Post-Quiz...11 Lesson 1: The 411 on Insurance Introduction to Insurance and Risk...12 Lesson 2: Risk Review...13 What s Risk Got to Do With It? Activity...13
More informationINSURANCE IN THE UK: THE BENEFITS OF PRICING RISK. January 2008
INSURANCE IN THE UK: THE BENEFITS OF PRICING RISK January 2008 1 INSURANCE IN THE UK: THE BENEFITS OF PRICING RISK How insurance deals with risk Insurance protects people and businesses against the risks
More informationYoung Singles Considerations
Young Singles Considerations As a young single, you re on your own without parental support for the first time. You could be finishing college, or you may be looking for or starting a new job. This stage
More informationEducator s Guide. An education program on insurance basics sponsored by Life Happens, a nonprofit organization
Educator s Guide An education program on insurance basics sponsored by Life Happens, a nonprofit organization 2014, Life Happens. All rights reserved. GUIDE: Table of Contents Introduction: How to Use
More informationWhy it Matters: The Tyranny of the Average
Why it Matters: The Tyranny of the Average Lesson Introduction Insurance premiums and many other things are based on estimates of the behavior of like groups of people or averages, according to Dr. Julie
More informationu n i t s i x Insurance: Your Protection Could you afford to pay for the damages you
Unit Six Insurance: Your Protection You're healthy, young, vivacious, and happy. Why in the world would you need insurance? You know the guy who was hit while riding his motorcycle or the girl who broke
More informationHow To Understand Insurance And How It Works
TEACHER GUIDE 11.3 RISK MANAGEMENT AND INSURANCE PAGE 1 Standard 11: The student will describe and explain how various types of insurance can be used to manage risk. Using Insurance to Manage Risk Priority
More informationWOMEN AND RISK MADE SIMPLE
WOMEN AND RISK MADE SIMPLE Working with the profession to simplify the language of insurance UNDERSTANDING WOMEN AND RISK Risk is part of life. At home, at work, on the road, on holiday, you re at risk
More information[because] your best people have unique talents + special proficiencies / technical knowledge / influential connections / [and] years of experience
14 Key Man Insurance Learn How to Protect the Value and the Profitability of Your Business More than 2 million employees between the ages of 25 and 55 die - every year and more than 2 million others are
More informationTEACHER GUIDE 11.2 RISK MANAGEMENT AND INSURANCE PAGE 1
TEACHER GUIDE 11.2 RISK MANAGEMENT AND INSURANCE PAGE 1 Standard 11: The student will describe and explain how various types of insurance can be used to manage risk. Different Types of Insurance Priority
More informationInsurance LESSON 18. How Do I Purchase Insurance?
Insurance LESSON 18 In life, bad things happen. Unpleasant as it may seem, something life threatening or fi nancially devastating could happen to you right now. Someone could steal your MP3 player or your
More informationCHAPTER 13. Insurance
CHAPTER 13 Insurance 291 292 CHAPTER 13 Contents 13.1 HIV testing and life insurance................................. 294 13.2 The need for insurance.......................................... 295 13.2.1
More informationMath 370/408, Spring 2008 Prof. A.J. Hildebrand. Actuarial Exam Practice Problem Set 1
Math 370/408, Spring 2008 Prof. A.J. Hildebrand Actuarial Exam Practice Problem Set 1 About this problem set: These are problems from Course 1/P actuarial exams that I have collected over the years, grouped
More informationGet to know your options for protecting yourself and your family
Get to know your options for protecting yourself and your family LifeProtect Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of
More informationDISABILITY INSURANCE
The QUESTIONS and ANSWERS on DISABILITY INSURANCE WORKBOOK A STEP- BY-STEP GUIDE TO SIMPLE ANSWERS FOR YOUR COMPLEX QUESTIONS TONY STEUER, CLU, LA, CPFFE and MAXWELL SCHMITZ This publication is designed
More informationhe Ultimate Baby Boomers Guide to Life Insurance
The Ultimate Baby Boomers Guide to Life Insurance he Ultimate Baby Boomers Guide to Life Insurance Contents Life Insurance Quotes for Baby Boomers- 3 Our Best Advice How the New Living Benefits Riders
More informationCopyright Notice & Legal Notice 2012 LifeNet Insurance Solutions 11505 Eastridge Drive NE Suite 420 Redmond, WA 98053-5758
Copyright Notice & Legal Notice 2012 LifeNet Insurance Solutions 11505 Eastridge Drive NE Suite 420 Redmond, WA 98053-5758 Feel free to share this ebook (FOR FREE) with anyone you want to. All rights reserved.
More informationTeens can't wait to get behind the wheel. But it's a costly milestone young, inexperienced drivers face some of the biggest auto insurance premiums.
Teens can't wait to get behind the wheel. But it's a costly milestone young, inexperienced drivers face some of the biggest auto insurance premiums. -Ann Job, Freelance Writer Section VI Insurance 139
More informationIndividual Income Protection. When you protect your income, you protect what matters most.
Individual Income Protection When you protect your income, you protect what matters most. What s your most valuable asset? You may think that your home, car, or investment account is the most valuable
More informationInsurance. Insurance This is protection against something that might happen eg: a road accident, a fire, theft.
Insurance This is protection against something that might happen eg: a road accident, a fire, theft. Insurance is needed to reduce the financial risk when a household is faced with problems caused by damage
More informationCONSUMER S GUIDE TO AUTO INSURANCE
CONSUMER S GUIDE TO AUTO INSURANCE The Colorado Division of Insurance prepares this booklet to assist you in shopping for auto insurance and to help you understand your Personal Auto Policy. When shopping
More informationManaging Risk: The Good News About Insurance
THEME 5 MONEY MANAGEMENT LESSON 22 Managing Risk: The Good News About Insurance Fitness Focus EQUIPMENT AND GETTING READY! Exercise 22.1, Choices and Risks (Bringing Home the Gold Student Workouts) Exercise
More informationWelcome to Pre Licensing!
Welcome to Pre Licensing! Your Primerica pre licensing experience is about to begin, and we encourage you to keep this guide handy as you go through the process. Thousands of people just like you have
More informationYour Guide to Living Benefits
Easy to read, understandable, and timely... Charlie Denholm Your Guide to Living Benefits THE BEST KEPT SECRET IN AMERICA By Richard Drazien, CLU, SRM Chapter 6 OK, You Have My Attention. Show Me The Money!
More information1. A survey of a group s viewing habits over the last year revealed the following
1. A survey of a group s viewing habits over the last year revealed the following information: (i) 8% watched gymnastics (ii) 9% watched baseball (iii) 19% watched soccer (iv) 14% watched gymnastics and
More informationEDUCATION AND EXAMINATION COMMITTEE SOCIETY OF ACTUARIES RISK AND INSURANCE. Copyright 2005 by the Society of Actuaries
EDUCATION AND EXAMINATION COMMITTEE OF THE SOCIET OF ACTUARIES RISK AND INSURANCE by Judy Feldman Anderson, FSA and Robert L. Brown, FSA Copyright 25 by the Society of Actuaries The Education and Examination
More informationTips To Save Money When Buying Insurance
Tips To Save Money When Buying Insurance This publication presents practical ideas for saving money on insurance. It is not intended to be an in-depth source for insurance information, nor does it attempt
More informationProtecting Your Assets and Lifestyle: A Critical Illness Insurance Review
Protecting Your Assets and Lifestyle: A Critical Illness Insurance Review If a serious illness strikes, how will you protect your assets and lifestyle from financial hardship? Table of Contents Page Your
More informationTwo dimensions of pure risk
What is Insurance? Insurance is protection against risks. We face many risks in our lives: Car accident Theft Disability Heart attack Etc. Consumers buy insurance to pay for the costs associated with some
More information> The Role of Insurance in Wealth Planning
> The Role of Insurance in Wealth Planning Insurance solutions for funding a buy-sell agreement A S S A N T E E S T A T E A N D I N S U R A N C E S E R V I C E S I N C. Insurance solutions for funding
More information5 STEPS TO TAKE CONTROL OF YOUR FINANCIAL SECURITY
5 STEPS TO TAKE CONTROL OF YOUR FINANCIAL SECURITY What would it take for you to feel financially secure? A more stable job? Being debt free? Having millions in the bank? No matter how it s defined, we
More informationYoung Families Considerations. I. Auto Insurance 201 Page 2. II. Home Insurance 201 Page 3. III. Life Insurance 201 Pages 4 5
Young Families Considerations As a newly married couple, perhaps with children under 5 years of age, your financial situation changes at this stage of your life, your considerations include purchasing
More informationCHAPTER 28 Insurance
CHAPTER 28 Insurance Chapter Objectives After studying this chapter, you will be able to describe types of automobile insurance coverage. explain the importance of health insurance as a fringe benefit
More informationLong-Term Care: Don t Wait to Prepare for the Long Term. What is Long-term care? What are My Options?
Long-Term Care: Don t Wait to Prepare for the Long Term When Social Security was introduced in 1935, it created a relatively new concept of retirement and introduced a more formalized way of planning for
More informationThe Risks and Solutions... for Families with Teen Drivers
The Risks and Solutions... for Families with Teen Drivers When we bring our babies home from the hospital, we are very concerned about their survival. They are precious to us. We become super- sensitive
More informationHow To Buy Insurance For A Long Term Care Policy
Car Insurance How can I keep my car insurance costs low? The first thing to do is bargain shop to make sure that the rates you are getting are reasonable in comparison to other companies. Within the policy
More informationLife Insurance and Annuity Buyer s Guide
Life Insurance and Annuity Buyer s Guide Published by the Kentucky Office of Insurance Introduction The Kentucky Office of Insurance is pleased to offer this Life Insurance and Annuity Buyer s Guide as
More informationBecause. life. happens
Because life happens You can t predict the future but you can protect it John and Christa, both 34 years old and parents of five-year-old Jack, live a life typical of many middle-income Canadian families.
More informationMental Health Connection of Tarrant County
Mental Health Connection of Tarrant County Health Insurance 101: Understanding the fundamentals of health insurance and the implications for health care reform Presented by: Tim Lee Fellow of Society of
More informationThe Consumer s Guide to LIFE and HEALTH INSURANCE - 1 -
- 1 - The Consumer s Guide to Life and Health Insurance If you re young and in good health, you probably have never thought much about life insurance. But have you ever considered what financial obligations
More informationLife Insurance and Annuity Buyer s Guide Introduction
Life Insurance and Annuity Buyer s Guide Introduction The Kentucky Office of Insurance is pleased to offer this Life Insurance and Annuity Buyer s Guide as an aid to assist you in determining your insurance
More informationBusiness Assurance. Business Assurance. Protecting your business and lifestyle
Business Assurance Business Assurance Protecting your business and lifestyle Our business covers at a glance Cover What is it? Why do you need it? Life Cover Trauma Cover (accelerated) Complete Disablement
More informationTeacher s Guide. Alignment with the Common Core State Standards for Reading... 3. Alignment with the Common Core State Standards for Writing...
My Insurance Teacher s Guide Introduction to the Unit... 2 What are the activities? What is the assessment? What are the activity descriptions? How does this unit align with the Common Core State Standards?
More informationINSURANCE BASICS (DON T RISK IT)
INSURANCE BASICS (DON T RISK IT) WHAT IS INSURANCE? Risk management tool that limits financial loss due to illness, injury or damage in exchange for a premium Shared Risk- Insurance company collects premiums
More informationPersonal Umbrella. Why Do I Need a. Insurance Policy? A Tradition of Serving Virginians Since 1849. P.O. Box 58 Waterford, Virginia 20197
Why Do I Need a Personal Umbrella Insurance Policy? A Tradition of Serving Virginians Since 1849 Supplement Your Existing Coverage. The personal umbrella policy provides coverage for claims over and above
More informationprotect The Alberta Teachers Association Group Life + Optional Family Life Insurance Your family depends on you. Help
The Alberta Teachers Association Group Life Optional Family Life Insurance protect Your family depends on you. Help their financial future with additional life insurance. Why do I need additional life
More informationChapter One: Understanding Your Business Risks...1 Five Strategies for Managing Your Risks...2
Contents Introduction Part I: Managing Your Business Risks Chapter One: Understanding Your Business Risks.......................1 Five Strategies for Managing Your Risks..............................2
More informationInformation Guide Booklet. Life Insurance
Information Guide Booklet Life Insurance This Information Guide booklet provides you with general information only. It will also help you to better understand any recommendations we have made for you.
More informationPersonal Liability Insurance
Vertex Wealth Management, LLC Michael J. Aluotto, CRPC President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 mjaluotto@1stallied.com Personal Liability Insurance
More informationHelp first-time buyers get on the protection ladder
For advisers only Help first-time buyers get on the protection ladder Affordable cover for your clients Mortgage opportunities. Protect more than just the bricks and mortar. What s inside 1 Helping your
More informationHow To Understand Your Car Insurance Coverage
Kentucky Consumer Guide To Buying Car Insurance Attorney-At-Law 859.254.7076 859.281.6541 FAX Page 2 Phone: (859)254-7076 Copyright 2012 by All rights reserved. No part of this report may be reproduced,
More informationFrequently Asked Questions Auto Insurance
STATE OF WISCONSIN Frequently Asked Questions Auto Insurance OFFICE OF THE COMMISSIONER OF INSURANCE PI-233 (C 03/2015) The Automobile Insurance Policy (page 1) Wisconsin's Financial Responsibility Law
More informationRisk management. Definitions of risk. We re in for one wild and crazy ride. Property insurance Liability insurance Move your car before mowing
Risk management Property insurance Liability insurance Move your car before mowing We re in for one wild and crazy ride Insurance is probably the least exciting topic in personal finance, but it is extremely
More informationConsumer Math Notes 9.1-2. Purchasing a New Vehicle/ Dealer s Cost. A vehicle s shows all charges for the vehicle.
Consumer Math Notes 9.1-2 Name Hour Purchasing a New Vehicle/ Dealer s Cost A vehicle s shows all charges for the vehicle. = the price of he vehicle s engine, chassis and any other standard equipment for
More information1 Life insurance. Life Insurance. moneydeals
1 Life insurance Life Insurance moneydeals 2 Life insurance Contents Intro What is life insurance? What types of cover are available? Term insurance Critical illness insurance Income protection Family
More informationSpecial Report: 5 Mistakes Homeowners Make When Selling A House. And The Simple Tricks To Avoid Them!
Special Report: 5 Mistakes Homeowners Make When Selling A House And The Simple Tricks To Avoid Them! 1 Special Report: 5 Mistakes Homeowners Make When Selling A House Dear Homeowner, And The Simple Tricks
More informationRisk Management and Insurance
APPENDIX B Risk Management and Insurance KEY TERMS Define each term briefly. Writing down the definition and giving an example will help you learn the term. risk (A15) speculative risk (A15) pure risk
More informationInsurance is an essential financial planning tool.
Insurance is an essential financial planning tool. The purpose of insurance is to transfer risk. Unless you have a large amount of cash set aside, you need to transfer that risk to someone who can afford
More informationTYPES OF INSURANCE. Advanced Level 2.6.5.G1
TYPES OF INSURANCE Advanced Level Take Charge Today August 2013 Types of Insurance Slide 1 WHY IS IT IMPORTANT TO HAVE INSURANCE? 2.6.5.G1 Risk - chance of loss from an event that cannot be enerely controlled
More informationU NDERSTANDING THE NEED FOR C USTOMIZED F INANCIAL S OLUTIONS P ERSON P ERSON.
U NDERSTANDING THE NEED FOR INCOME PROTECTION C USTOMIZED F INANCIAL S OLUTIONS P ERSON BY P ERSON. What is your greatest asset: Your home? Business? Investments? They re all vital to your lifestyle, and
More informationInsurance facts you should know
Insurance facts you should know contents 1 Even 2 Inside 3 Your 4 tpd, non-income earners need to be insured or Outside super? insurance needs change on an annual basis Income Protection, Life Insurance
More informationCDFS 600 Module 3 Lesson Plan
CDFS 600 Module 3 Lesson Plan Basics of Insurance Amy (Hodgins) Kram Contact Information Amy.L.Kram@sendit.nodak.edu 701-283-5312 Time Allotment: 2 class periods Grade Level or Target Audience: High School
More informationMarch Newsletter 2013
March Newsletter 2013 Contents Easter Planning Looking to Upgrade your Equipment or Motor Vehicles? Tax Payer Hit: 93% Tax on Excess Super Contributions Welcome to our Easter Newsletter Baby Bonus Set
More informationUniversal Loan Insurance
Creditor Insurance Universal Loan Insurance EXCELLENCE, YOUR LIVING BENEFITS SPECIALIST INVESTED IN YOU. UNIVERSAL LOAN INSURANCE PROTECT YOUR LOANS YOU and Your Needs Buying a property or a new vehicle
More informationVideo Guide: Next Generation Videos. Next Generation Videos...6. Before You Start...6. Showing the Segments...6
video Video Guide: Next Generation Videos Next Generation Videos...6 Before You Start...6 Showing the Segments...6 Question Keys and Discussion Points by Segment...6 Talking About Risk...6 Hattie: Life
More informationFIS-PUB 0077 (6/13) Number of copies printed: 10,000 / Legal authorization to print: PA 145 of 1979 / Printed on recycled paper
DIFS is an equal opportunity employer/program. Auxiliary aids, services and other reasonable accommodations are available upon request to individuals with disabilities. FIS-PUB 0077 (6/13) Number of copies
More informationAn SMSF guide to life insurance
An SMSF guide to life insurance Information guide for Trustees and members Issue date: June 2014 Call: 02 8205 7857 Email: insurance@sapientfinancial.com.au Contents Page 3. 4. 6. 7. 9. 12. 14. Introduction
More informationLONG-TERM CARE INSURANCE
Personal LONG-TERM CARE INSURANCE Questionnaire I. PERSONAL GOALS These are some of the primary reasons people buy Long-Term Care insurance. Do these apply to you? I consider it important to be able to
More informationSome of the choices you make can influence what you pay for insurance. Let's look at few of these factors:
Objectives: 1. To understand and learn about the factors that affect the cost of auto insurance 2. To learn ways teens can lower their cost for auto insurance 3. To provide an interactive segment allowing
More informationMIND YOUR FINANCES. UNDERSTANDING INSURANCE Participant Guide INCHARGE DEBT SOLUTIONS WWW.INCHARGE.ORG
MIND YOUR FINANCES UNDERSTANDING INSURANCE Participant Guide INCHARGE DEBT SOLUTIONS WWW.INCHARGE.ORG 01 AN OLD STORY. It was a common practice for ancient caravans to split up goods and take different
More informationINSURANCE auto, home, life & health
Page 1 Honors Consumer Education INSURANCE auto, home, life & health Terms 1. Policy 2. Policyholder 3. Premium 4. Deductible 5. Co-Pay 6. Out of pocket 7. Indemnify 8. Rider 9. Umbrella policy 10. Attractive
More informationThough not a pleasant thought it's important to think about this: when you die, who will you leave behind?
Personal insurance There are many risks you face during your lifetime, but the most serious ones you will face are death, disability, serious illness and/ or medical intervention (surgery). These can happen
More informationFunding a Buy-Sell Agreement with Disability Insur
Raymond James Michael Bailey, WMS, CEP, Trust Specialist Senior Vice President, Investments Three Galleria Tower, 25th Flr 13155 Noel Road Dallas, TX 75240 469-374-4256 michael.bailey@raymondjames.com
More informationTop Five Most Common Types of Insurance Coverage
P A G E 1 Top Insurance Priorities for Families As your family grows, so does the importance of reassessing your insurance policies. People tend to believe they don t need insurance because nothing bad
More informationdisability Taking Care of Business Activity...43 Johnny s Lucky Break Activity...43 What Do You Know? Knowledge Assessment Quiz...
disability Disability Insurance Disability Insurance Pre-/Post-Quiz...41 Lesson 1: What Do You Know About Disability Insurance?...42 Taking Care of Business Activity...43 Johnny s Lucky Break Activity...43
More informationWe hope you will find this sample a useful supplement to your existing educational materials, and we look forward to receiving your comments.
To Teachers of Mathematics: Thank you for visiting the BeAnActuary.org booth at the annual meeting of the National Council of Teachers of Mathematics. BeAnActuary.org is sponsored by the Joint Career Encouragement
More informationStandard 12: The student will explain and evaluate the financial impact and consequences of gambling.
STUDENT MODULE 12.1 GAMBLING PAGE 1 Standard 12: The student will explain and evaluate the financial impact and consequences of gambling. Risky Business Simone, Paula, and Randy meet in the library every
More informationIncome insurance. Protect your income and your lifestyle
Income insurance Protect your income and your lifestyle Your ability to earn an income is likely to be your most valuable asset in life. Insuring your income can give you peace of mind that your family
More informationListed below and on the following pages are brief descriptions of each activity to help you choose those you wish to use.
Activities contains 21 current activities that let your students do so much more than just read and answer questions. They ll use their math skills, thinking skills, writing skills and creative skills
More informationA CONSUMER S GUIDE TO LONG-TERM CARE INSURANCE PROTECTION. A WOMAN S GUIDE TO Long-TermCare. Insurance. Practical Planning Information For Women
A CONSUMER S GUIDE TO LONG-TERM CARE INSURANCE PROTECTION A WOMAN S GUIDE TO Long-TermCare Insurance Protection Practical Planning Information For Women Women with Spouses or Partners or Women Living Alone
More informationInsurance facts you should know
Insurance facts you should know 2 Insurance facts you should know Contents 1 Even non-income earners need to be insured 2 Inside or Outside super? 3 Your insurance needs change on an annual basis 4 Different
More informationClients want to know: Why do I need insurance? The Risks Addressed by Life Insurance
Clients want to know: Why do I need insurance? After reading this chapter you should understand: The ways that life insurance can lessen financial risk. The Risks Addressed by Life Insurance All people
More informationProtecting your lifestyle and your wealth
Protecting your lifestyle and your wealth Life assurance Critical illness cover Income protection Key person and partnership protection Over 30 years experience providing independent pension advice to
More informationGenome Sequencing. No: insurance companies and employers should not have access to this information:
Genome Sequencing 1. Health Care and the Human Genome: There is an interesting worry in the vicinity of the genetic engineering debate: How will the ever-lowering costs of sequencing DNA affect the health
More informationBOOKLET 8. A Guide To Remaining Smoke Free FOR PERSONAL USE ONLY. DO NOT DUPLICATE. Life Without Cigarettes
BOOKLET 8 TM A Guide To Remaining Smoke Life Without Cigarettes Contents Urges 2 Benefits of Quitting 4 But What About My Weight? 7 If You Do Smoke 9 In Closing 10 This is the eighth and last booklet in
More informationINJURY LAW ALERT WINTER 2006/2007 ISSUE WHAT IS MEDICAL MALPRACTICE?
INJURY LAW ALERT WINTER 2006/2007 ISSUE WHAT IS MEDICAL MALPRACTICE? Medical malpractice is a broad term used to describe a number of different kinds of lawsuits brought against doctors and hospitals.
More informationNEW JERSEY AUTO INSURANCE BUYER S GUIDE
NEW JERSEY AUTO INSURANCE BUYER S GUIDE AD9460ARR-0704 American Bankers Insurance Company of Florida American Bankers Insurance Company of Florida 11222 Quail Roost Drive, Miami, FL 33157-6596 NEW JERSEY
More informationAutomobile Insurance Grade Level 9-12
Automobile Insurance Grade Level 9-12 Take Charge of Your Finances Materials provided by: Cynthia Barnes, Family and Consumer Sciences Educator, Beaverhead County High School, Dillon, Montana Time to complete:
More informationHow To Buy Life Insurance In Texas
TMAIT Insurance Guides for Physicians Life Insurance TMAIT Insurance Guides The TMAIT Insurance Guides are intended to help physicians make sound insurance decisions for themselves and their families.
More informationMathematics of Risk. Introduction. Case Study #1 Personal Auto Insurance Pricing. Mathematical Concepts Illustrated. Background
Mathematics of Risk Introduction There are many mechanisms that individuals and organizations use to protect themselves against the risk of financial loss. Government organizations and public and private
More informationProtecting Your Assets and Lifestyle: A Critical Illness Insurance Review
Protecting Your Assets and Lifestyle: A Critical Illness Insurance Review If a serious illness strikes, how will you protect your assets and lifestyle from financial hardship? Prepared for: Your Client
More informationPart 2: Screening and Signaling in Games with Incomplete Information.
Lecture 9 Part 2: Screening and Signaling in Games with Incomplete Information. 1 Lecture Outline Screening and signaling incentives arise in games where uncertainty is exogenous and some players are better
More informationAsk yourself these three very important questions
QoL Flex Term Ask yourself these three very important questions 1. How much life insurance do I need to protect my family? 2. How much life insurance can I afford? More than likely, your answer to the
More informationInsurance Markets and Your Insurance Strategy By William C. Wood
By William C. Wood Comparison shopping and insurance market competition are your friends as you put together an insurance strategy. A high degree of competition means that you will be able to choose from
More informationInsurance and estate planning. A Financial Planning Technical Guide
Insurance and estate planning A Financial Planning Technical Guide 2 Insurance and estate planning Introduction 4 General insurance 4 Private health insurance 4 Personal insurance 5 Business insurance
More informationMake an informed choice
Producer Information I Index Universal Life Insurance Make an informed choice Long Term Care or Chronic Illness Rider? As our population ages, obtaining financial protection against long term care (LTC)
More informationLearning Community Research Assignment. This is a project that you will be working on for all classes that you have in the Learning Community.
Page 1 of 8 Learning Community Research Assignment This is a project that you will be working on for all classes that you have in the Learning Community. READ 0308: Research a topic (group activity) and
More informationHow To Get Back To Work
As life happens, we re here for you AMP claims paid 2014 Live life knowing we ll be there for you Like most people, you probably think something bad will never happen to you. Hopefully you re right. But
More informationNEFE High School Financial Planning Program Unit 6 Your Money: Keeping it Safe and Secure. Unit 6 - Insurance: Protecting What You Have
Unit 6 - Insurance: Protecting What You Have Common Exposures to Loss Exposure Risk Potential Loss Accident or Illness Loss of income from inability to work; uninsured medical bills; death UNLIMITED Property
More informationLong-Term Disability Income Insurance
A serious illness or injury can harm more than your health it can have an impact on your ability to work and meet your family s living expenses. Long-Term Disability Income Insurance FINANCIAL PROTECTION
More information