Title: Lesson 7.2: Is Insurance Worth Buying? (Classroom Resource)
Course: Personal Finance Sample "STANDARD" Syllabus > Section: Unit 7: Protecting and Insuring

Description: Students learn about insurance options and possible risks. They play a game where they first choose levels of insurance coverage and then face random events: They track the cost of their insurance choices (premiums plus lost investment income) and the benefit of their choices (loss reduction) based on each event drawn. They also determine whether the insurance choices they made were financially beneficial and why insurance may be a good idea regardless.

- Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum-unit/insurance (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 10B: Is Insurance Worth Buying?” and the accompanying PowerPoint slides for lesson 10B.

Making Personal Finance Decisions Lesson 10B.pdf

Making_Personal_Finance_Decisions_Lesson_10B.pptx