Learning Targets:
Targets for knowledge, skills, and behaviours below are possible targets. It is not expected that all will be covered by a single Teaching Unit. Teachers can select their learning targets using the Teaching Units provided (to the right), adaptations of these Teaching Units, or Units/Lesson Plans they develop on their own.
KNOW:
- The risks of losing the ability to earn an income – e.g. because of injury, disability, illness, death
- The risks property and other assets face – loss, theft, damage, destruction
- How insurance can be used to reduce and manage risk
- Types of insurance
- Who sells insurance
- The different types of life insurance
- Sample costs for insurance – for a car, house, etc.
- Factors that can affect the cost of insurance
- The concept of identity theft
BE ABLE TO:
- Estimate one’s own “lifetime earning potential”
- Seek out and buy insurance when needed
- Link levels of risk with different costs for insurance
- Estimate the cost of auto insurance
- Compare costs of insurance for different young drivers
ACTION/BEHAVIOUR:
- Acquire sufficient insurance as they acquire assets over time
- Acquire adequate insurance, as and when needed, to protect family members if death, disability, or disease should affect ability to earn income
- Assign an appropriate amount of a budget to acquire adequate insurance protection when it is needed
- Protect their identity and control what happens to personal information and material
- Review contracts and legal documents carefully
