2. Key to the Future Chapter 2, Lesson 2 Warm-Up Questions CPS Questions 1 - 2 Note for teacher: Use “Pick a Student” button in CPS

3. Key to the Future What insurance is and why it is necessary Major types of insurance How to protect your personal and financial information Chapter 2, Lesson 2

4. Key to the Future What do you think is purpose of having insurance? How many types of insurance can you name? Discuss your answers with another student. Chapter 2, Lesson 2 Photo courtesy of Shutterstock

5. Key to the Future Insurance is the means by which people protect themselves financially against losses or liability incurred as a result of unexpected events Insurance works on the principle of shared risk Chapter 2, Lesson 2 Photo courtesy of Shutterstock

6. Key to the Future Premium is the fee paid for being protected by the insurance Insurance Policy is the contract promises to pay you for any losses Claim is made after any accident or demand for payment Deductibles are amounts you agree to pay before insurance companies pay Chapter 2, Lesson 2 Photo courtesy of Shutterstock

7. Key to the Future Automobile Property (for homeowners and renters) LiabilityHealthDisabilityLife Chapter 2, Lesson 2 Photo courtesy of Shutterstock

8. Key to the Future Learning Check Questions CPS Questions 3 - 4 Note for teacher: Use “Pick a Student” button in CPS Chapter 2, Lesson 2

9. Key to the Future On the worksheet provided, complete a thinking map organizing the major types of insurance listed in your textbook. Be prepared to share your answers with the class. Chapter 2, Lesson 2

10. Key to the Future Collision Insurance Comprehensive Insurance Liability Insurance Property Damage Insurance Bodily Injury Insurance Uninsured Motorist Protection Insurance Emergency Road Service Insurance Chapter 2, Lesson 2 Photo courtesy of Shutterstock

11. Key to the Future Each company sets its own rates The most important factor is your driving record Other factors: o Traffic Tickets o Age o Where you live o Type of car you drive o Whether you’re a good student o Gender Chapter 2, Lesson 2 Photo courtesy of Shutterstock

12. Key to the Future Choose a reputable company Find out what type of coverage your state requires Decide on additional insurance you want to purchase Think about deductibles Narrow your search and compare rates You may want to find an insurance agent Chapter 2, Lesson 2 Photo courtesy of Shutterstock

13. Key to the Future Learning Check Questions CPS Questions 5 – 6 Note for teacher: Use “Pick a Student” button in CPS Chapter 2, Lesson 2

14. Key to the Future Review the worksheet and example exercise. Complete each mathematical insurance problem to evaluate insurance premiums. Be prepared to share your answers with the class. Chapter 2, Lesson 2

15. Key to the Future Property Insurance Home owners or Renters Covers valuable items you own Liability Insurance Covers costs associated with bodily injuries Photo courtesy of Shutterstock Chapter 2, Lesson 2

16. Key to the Future Photo courtesy of Shutterstock Chapter 2, Lesson 2 Most obtain health insurance through their employer If you are provided options with your employer, you’ll need to do comparison shopping Be aware of copayments It is usually a small percentage of the total cost

17. Key to the Future 1. Indemnity plan Enables you to go to any health provider to receive care 2. Managed care plan (HMO) Requires that you consult a primary physician when you need medical care 3. Preferred Provider Organizations (PPO) Greater flexibility Higher Costs Chapter 2, Lesson 2

18. Key to the Future Learning Check Questions CPS Questions 7 – 8 Note for teacher: Use “Pick a Student” button in CPS Chapter 2, Lesson 2

19. Key to the Future Using the descriptions provided, identify the best type of health insurance plan to offer for each case study in the provided handout. Be prepared to share your answers with the class. Chapter 2, Lesson 2

20. Key to the Future Disability Purpose is to replace part of your income if you cannot work because of injury or illness Short-term insurance covers one year Long-term insurance covers from one year to retirement year to retirement Chapter 2, Lesson 2 Photo courtesy of Shutterstock

21. Key to the Future Life insurance provides a way to protect you or your family from financial losses You will need to name beneficiary; someone who will receive your benefits Check with employers to see if it is offered Chapter 2, Lesson 2

22. Key to the Future Term Life Insurance Whole Life Insurance Universal Life Insurance Chapter 2, Lesson 2 Photo courtesy of Shutterstock

23. Key to the Future Identify Theft is when someone uses your identity without permission Protect yourself: Keep track of your financial statements Check your credit report once a year Never give out your account numbers or personal information Destroy all financial documents Don’t give your Social Security number over a cordless or cell phone number over a cordless or cell phone Get a locking mailbox Chapter 2, Lesson 2

24. Key to the Future Report the theft to your bank Report the theft to each of your credit card companies File a report with the local police Contact the Federal Trade Commission Contact one of the 3 main credit bureaus Visit Identity Theft Resource Center Investigate credit monitoring services Chapter 2, Lesson 2 Photo courtesy of Shutterstock

25. Key to the Future Phishing is creating a Website replica in order to trick users into submitting personal, financial, or password data online Tips to avoid phishing: Look for clues that the message is fake Don’t be hasty Use common sense and trust your instincts Never give your information over the phone Chapter 2, Lesson 2 Photo courtesy of Shutterstock

26. Key to the Future Learning Check Questions CPS Questions 9 – 10 Note for teacher: Use “Pick a Student” button in CPS Chapter 2, Lesson 2

27. Key to the Future Locate the phishing policies of common Internet websites provided on worksheet. Prepare a written summary of the policy. Be prepared to share your answers with the class. Chapter 2, Lesson 2

28. Key to the Future What insurance is and why it is necessary Major types of insurance How to protect your personal and financial information Chapter 2, Lesson 2

29. Key to the Future Review Questions CPS Questions 11 - 12 Chapter 2, Lesson 2 Note for teacher: Use “Pick a Student” button in CPS

30. Key to the Future We’ll learn about career opportunities Photo courtesy of Shutterstock Chapter 2, Lesson 2