Overview

Life Insurance: Basic Policy Types continues from the lesson Life Insurance: The Basics. This lesson plan is designed to teach students life insurance policy types including term insurance and permanent insurance. Students will be able to determine advantages and disadvantages to each type of policy.

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Objectives

The students will:

Define Term Insurance

Define Permanent Insurance

Discuss advantages and disadvantages to each type of policy

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Time Required

30 Minutes

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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

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Procedures:

Download/View the lesson procedures.

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Assessment:

Whole Life Insurance vs. Term Insurance worksheet

Life Insurance Chart

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Resources/Contributors:

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

C. Peters