Lesson
Risk Management & Insurance
Summary
Risk management is using specific strategies to lower or avoid financial harm. This lesson focuses on insurance as a common risk management strategy. Students continue the Advanced Budgeting game.
Bellringer: The Value of Insurance
- How much money can an insurance policy save the policyholder after an accident?
Instruction
- Define risk and explain why it's unavoidable
- Cover the four strategies: avoid, reduce, retain, transfer
- Define premium, deductible, claim, policy — plus personal and specialized insurance types
Discussion: Manage the Risk
- Vote avoid, reduce, retain, or transfer for each scenario
- Debate when retaining beats transferring a risk
Activity: Advanced Budgeting Game
- Students continue the Advanced Budgeting game
Wrap-Up & Assessment
- If you have a $1,000 deductible and damage your car with a $5,000 repair, how much do you pay out of pocket?
- If you never crash your car, does a high deductible or a low deductible save you more money?
| Est. Time | Activity | Description |
|---|---|---|
| 5 min | Bellringer: The Value of Insurance |
|
| 10 min | Instruction |
|
| 5 min | Discussion: Manage the Risk |
|
| 20 min | Activity: Advanced Budgeting Game |
|
| 5 min | Wrap-Up & Assessment |
|
Class Presentation
Includes a 19-slide deck with teacher notes. Present from Banzai, download a PDF, or copy it to Google Slides.
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Financial Essentials
Investing & Retirement
Time is a tool to manage investment risk and build wealth for the future. This lesson discusses risk and return, diversification, and types of investments. Students complete the pretest and start the Advanced Budgeting simulation.
Risk Management & Insurance
Risk management is using specific strategies to lower or avoid financial harm. This lesson focuses on insurance as a common risk management strategy. Students continue the Advanced Budgeting game.
Lessons Learned
Reflect on lessons learned in the unit. Students finished the Advanced Budgeting game, vocab, and posttest.
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