1. 1/9/09 BR: Describe one of the 6 common types of insurance and what it does for you Today: Picking the Right Types of Insurance Based on Opportunity Cost

2. To Do:  Pick up activity with an insurance policy  2 volunteers to read  Read along with the people and answer the questions (A-G) on a piece of paper and hand in.  Explain opportunity cost

3. Opportunity Cost  What is given up when you choose the 2nd best option. The value of the option that you do not choose. For example: $75 could get you one year of renters insurance for all of your items that are valued at $15,000 or you could buy 2 concert tickets. What is the opportunity cost?

4. Do Now:  Pick up activity 1.3. Considering opportunity cost, answer the questions on the sheet and hand it in. Homework for Monday: Get activity 1.4. Read it and answer the questions