Status message

Dear LOR user,

Thank you for being a big part of this community. To better support the initiatives around open educational resources in the state of Michigan, all resources on the Michigan Virtual Learning Object Repository (LOR) are being moved to #GoOpen Michigan (link is external) on September 30th, 2018. During the transition, our LOR will be moved to an archived state, not allowing new user registration or new content to be added. An email with more details was sent to registered users of the LOR in September. To make use of the great resources on the platform, we encourage you to create an account and add your own new resources to the #GoOpen Michigan platform (link is external).

When do you need to have insurance?


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
Content Area: 
Resource Type: 
Creative Commons Licence