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When do you need to have insurance?

Description: 

This is a Haiku page that I am using as a developmental platform for building this lesson.  It contains the entire standard 5 Insurance.  However, the only section of this lesson that are currently populated are standard 5.1.  The lesson includes a SMART board presentation students give their ideas for risks that they might face.  They will investigate the potential risks for various life changing experiences using insurance industry data.  They will compile some probabilities for various outcomes.  In addition, they will calculate the cost of not having insurance vs. having insurance.  The lesson will include a real life scenario that students will work through to determine whether buying insurance is worthwhile in various cases.

Learning Targets: 
Define Risk
Identify common types of Risk
Determine a probability and cost associated with a risk
Compare the cost of having insurance with the cost of not having insurance
Author: 
NCost
Content Area: 
Language: 
Resource Type: 
Licensing: 
Creative Commons Licence
Grade: