What do your students know about life insurance and how it works? Print and distribute the unit quiz, or have students go to www.scholastic.com/nextgeneration/students to take the interactive version of the quiz and print their answers.
This lesson includes two activities—one introduces students to terms and practices related to life insurance, while the other describes policy types and challenges students to evaluate the differences.
Students evaluate the financial standing and future obligations of a couple with two children and determine if their life insurance policy will enable them to meet their future financial needs and goals.
To help them understand the purpose of life insurance, students will brainstorm portraits of fictional characters and then examine their financial obligations to assess how these responsibilities would be met if the character passed away.
The Educator’s Guide, which includes tips for implementing the featured lessons and background information on life insurance, can be downloaded by clicking below. The Video Guide includes prompts to generate class discussions and help you integrate the video associated with each module into your lessons.