Overview

Life Insurance: The Basics continues from the lesson Life Insurance: This lesson plan is also designed to teach students life insurance policy types including term insurance and permanent insurance. Students will be able to determine how individuals use life insurance and how surviving members use the death benefit.

_______________________________________________________________

Objectives

The students will:

Define basic life insurance terms

Discuss death benefits and their uses

Determine how insurance companies underwrite life insurance

Define Term Insurance

Define Permanent Insurance

_______________________________________________________________

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

Whole Life Insurance vs. Term Insurance

Whole Life Insurance vs. Term Insurance – Key

Life Insurance Chart

Death Benefit Worksheet

_______________________________________________________________

Procedures:

Download/View the lesson procedures.

_______________________________________________________________

Assessment:

Whole Life Insurance vs. Term Insurance worksheet

Life Insurance Chart

Death Benefit Worksheet

_______________________________________________________________

Resources:

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

C. Peters

Michael Quinn