About This Chapter
Who's It For?
Anyone who needs help learning or mastering insurance material will benefit from the lessons in this chapter. There is no faster or easier way to learn about the importance of insurance. Among those who would benefit are:
- Students who have fallen behind in understanding the importance of insurance
- Students who struggle with learning disabilities or learning differences, including autism and ADHD
- Students who prefer multiple ways of learning money management (visual or auditory)
- Students who have missed class time and need to catch up
- Students who need an efficient way to learn about the importance of insurance
- Students who struggle to understand their teachers
- Students who attend schools without extra money management learning resources
How It Works:
- Find videos in our course that cover what you need to learn or review.
- Press play and watch the video lesson.
- Refer to the video transcripts to reinforce your learning.
- Test your understanding of each lesson with short quizzes.
- Verify you're ready by completing The Importance of Insurance chapter exam.
Why It Works:
- Study Efficiently: Skip what you know, review what you don't.
- Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
- Be Ready on Test Day: Use The Importance of Insurance chapter exam to be prepared.
- Get Extra Support: Ask our subject-matter experts any insurance question. They're here to help!
- Study With Flexibility: Watch videos on any web-ready device.
Students Will Review:
This chapter helps students review the concepts in an insurance unit of a standard money management course. Topics covered include:
- Health insurance and health care regulations
- Social insurance programs
- Importance of COBRA
- Unemployment insurance and workers compensation
- Personal property and liability insurance
- Choosing a life insurance policy
1. Health Insurance and Health Care: Overview, Roles & Regulations
This lesson will explain the major aspects of health insurance and its role in your health care costs. We will discuss premiums, deductibles, coinsurance, copays, and more!
2. Social Insurance Programs: Definition, Types & Examples
Social insurance programs constitute the largest expenditure in the federal budget. In this lesson, you'll learn about social insurance, and we'll also take a look at the major federal social insurance programs. A short quiz follows the lesson.
3. COBRA: Overview and Importance
Health insurance is one of the most important benefits an employee receives. In this lesson, you'll learn how COBRA allows an employee to keep his insurance coverage after he has left employment. A short quiz follows.
4. 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.
5. Workers' Compensation: Overview and Description
Sometimes, work can be a dangerous proposition and accidents happen even in the safest of jobs. The workers' compensation system is designed to address these situations. In this lesson, you'll learn about some key aspects of the system.
6. 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.
7. 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.
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