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.

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Objectives

The students will:

Analyze a life insurance contract

Understand life insurance contract vocabulary

Present the key components to various life insurance policy types

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Time Required

60 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

Group project explanation and rubric

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Procedures:

Download/View the lesson procedures.

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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

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Resources/Contributors:

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

Ryan Lee Moore