About This Chapter
Personal Insurance Coverage - Chapter Summary
If you need to study personal insurance coverage types, you're in the right place. This series of short and expertly taught lessons clearly lays out the fundamentals of life, health, property, liability, disability and unemployment insurance. You'll take a look at illustrative examples and explore the significance of these personal insurance options. Upon completion of the chapter, you should be able to:
- Outline methods for choosing a life insurance policy
- Describe the components of personal property and liability insurance
- Compare types of health insurance options
- Differentiate between short-term and long-term disability insurance
- Explain the significance of unemployment insurance
To help you retain the information, we've included short quizzes throughout the chapter. You can revisit the lessons as many times as needed, and if you have any questions as you work through the chapter, don't hesitate to reach out to our subject-matter experts. Each video lesson comes with a transcript, and the chapter is accessible on any device that has an Internet connection.
1. Choosing a Life Insurance Policy
In this lesson, we'll discuss the purpose and benefits of life insurance, as well as the factors that affects its cost. You'll also learn about the two main types, term life insurance and whole life insurance.
2. Personal Property & Liability Insurance
In this lesson, we'll define liability and discuss how liability insurance can protect your personal property. You'll learn about four different types of liability coverage: homeowner, renter, auto and personal umbrella policies.
3. Health Insurance: Types & Concept
Did you know that there are an estimated 1 billion health insurance claims filed each year? Learn more about the different types of health insurance that are available in the United States.
4. Long-Term & Short-Term Disability Insurance
Have you ever wondered how people are able to pay their bills if they suddenly cannot work due to illness or injury? In this lesson, we'll define long-term and short-term disability. You'll also learn about the activities of daily living and Social Security benefits.
5. Unemployment Insurance: Definition and Significance
While no one wants to think about it, it is likely that most people will face some period of unemployment during their working lives. In this lesson, you'll learn about unemployment compensation and its significance to employers, employees and the economy.
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Other chapters within the WEST-E Family & Consumer Sciences Education (041): Study Guide & Practice course
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- Factors Affecting Relationships
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- The Development of Preschoolers
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- Parenting Process
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- Nutrition Needs Across the Lifespan
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- Overview of Food Preparation
- Food Safety & Storage
- Personal & Family Wellness
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- Consumer Behavior & Rights
- Family & Consumer Sciences Careers & Education
- Basic Career Skills
- WEST-E Family & Consumer Sciences Education (041) Flashcards