Insurance 20-1 Vehicle Insurance 20-2 Property Insurance 20-3 Life Insurance 20-4 Health Insurance 20
LESSON 20-1 Vehicle Insurance <ul><li>Goals </li></ul><ul><li>Discuss motor vehicle risks. </li></ul><ul><li>Explain auto ...
Key Terms <ul><li>bodily injury liability </li></ul><ul><li>medical payments </li></ul><ul><li>uninsured motorist </li></u...
MOTOR VEHICLE RISKS <ul><li>Financial responsibility </li></ul><ul><li>Compulsory insurance </li></ul>
>>  C H E C K P O I N T <ul><li>What are financial responsibility laws? </li></ul>
AUTOMOBILE INSURANCE COVERAGE <ul><li>Personal injury coverage </li></ul><ul><ul><li>Bodily injury liability protection </...
>>  C H E C K P O I N T <ul><li>What are the two main categories of automobile insurance coverage? </li></ul>
AUTOMOBILE INSURANCE COSTS <ul><li>Insurance rates </li></ul><ul><ul><li>Your age and other characteristics </li></ul></ul...
AUTOMOBILE INSURANCE COSTS <ul><li>Reducing auto insurance costs </li></ul><ul><li>Selecting a company </li></ul><ul><li>A...
>>  C H E C K P O I N T <ul><li>What factors affect the cost of automobile insurance? </li></ul>
LESSON 20-2 Property Insurance <ul><li>Goals </li></ul><ul><li>Describe property insurance coverage. </li></ul><ul><li>Exp...
Key Terms <ul><li>personal liability coverage </li></ul><ul><li>homeowners policy </li></ul><ul><li>depreciation </li></ul>
PROPERTY INSURANCE COVERAGE <ul><li>Damage to home or property </li></ul><ul><li>Additional living expenses </li></ul><ul>...
>>  C H E C K P O I N T <ul><li>What are the three main types of property insurance coverage? </li></ul>
PROPERTY INSURANCE POLICIES <ul><li>Homeowners policies </li></ul><ul><li>Renters policies </li></ul><ul><li>Special cover...
>>  C H E C K P O I N T <ul><li>How does a renters policy differ from homeowners insurance? </li></ul>
PROPERTY INSURANCE COSTS <ul><li>Coverage selection </li></ul><ul><li>Insurance premiums </li></ul>
>>  C H E C K P O I N T <ul><li>What factors affect the cost of home insurance? </li></ul>
LESSON 20-3 Life Insurance <ul><li>Goals </li></ul><ul><li>Discuss the principles of life insurance. </li></ul><ul><li>Exp...
Key Terms <ul><li>beneficiary </li></ul><ul><li>term life insurance </li></ul><ul><li>permanent life insurance </li></ul>
LIFE INSURANCE PRINCIPLES <ul><li>The life insurance policy </li></ul><ul><li>Beneficiary selection </li></ul>
>>  C H E C K P O I N T <ul><li>What is an insurable interest? </li></ul>
TYPES OF LIFE INSURANCE <ul><li>Term life insurance </li></ul><ul><li>Permanent life insurance </li></ul><ul><ul><li>Whole...
>>  C H E C K P O I N T <ul><li>What is the difference between term and permanent life insurance? </li></ul>
BUYING LIFE INSURANCE <ul><li>Coverage amount </li></ul><ul><li>Life insurance application </li></ul><ul><li>Premium payme...
>>  C H E C K P O I N T <ul><li>What factors affect the need for life insurance? </li></ul>
LESSON 20-4 Health Insurance <ul><li>Goals </li></ul><ul><li>Describe health insurance coverage. </li></ul><ul><li>Discuss...
Key Terms <ul><li>hospital insurance </li></ul><ul><li>surgical insurance </li></ul><ul><li>regular medical insurance </li...
HEALTH INSURANCE COVERAGE <ul><li>Hospital insurance </li></ul><ul><li>Surgical insurance </li></ul><ul><li>Regular medica...
>>  C H E C K P O I N T <ul><li>What four types of health insurance would be included in a comprehensive medical policy? <...
HEALTH INSURANCE PROVIDERS <ul><li>Group health insurance </li></ul><ul><li>Individual health insurance </li></ul><ul><li>...
>>  C H E C K P O I N T <ul><li>Who are the main providers of health insurance? </li></ul>
DISABILITY AND LONG-TERM CARE INSURANCE <ul><li>Disability income insurance </li></ul><ul><li>Long-term care insurance </l...
>>  C H E C K P O I N T <ul><li>What is the purpose of disability income insurance? </li></ul>
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Itb Chap 20

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Itb Chap 20

  1. 1. Insurance 20-1 Vehicle Insurance 20-2 Property Insurance 20-3 Life Insurance 20-4 Health Insurance 20
  2. 2. LESSON 20-1 Vehicle Insurance <ul><li>Goals </li></ul><ul><li>Discuss motor vehicle risks. </li></ul><ul><li>Explain auto insurance coverage. </li></ul><ul><li>Identify factors that affect auto insurance costs. </li></ul>
  3. 3. Key Terms <ul><li>bodily injury liability </li></ul><ul><li>medical payments </li></ul><ul><li>uninsured motorist </li></ul><ul><li>property damage liability </li></ul><ul><li>collision </li></ul><ul><li>deductible </li></ul><ul><li>comprehensive coverage </li></ul>
  4. 4. MOTOR VEHICLE RISKS <ul><li>Financial responsibility </li></ul><ul><li>Compulsory insurance </li></ul>
  5. 5. >> C H E C K P O I N T <ul><li>What are financial responsibility laws? </li></ul>
  6. 6. AUTOMOBILE INSURANCE COVERAGE <ul><li>Personal injury coverage </li></ul><ul><ul><li>Bodily injury liability protection </li></ul></ul><ul><ul><li>Medical payments protection </li></ul></ul><ul><ul><li>Uninsured motorist protection </li></ul></ul><ul><li>Property damage coverage </li></ul><ul><ul><li>Property damage liability </li></ul></ul><ul><ul><li>Collision insurance </li></ul></ul><ul><ul><li>Comprehensive coverage </li></ul></ul><ul><li>No-fault insurance laws </li></ul>
  7. 7. >> C H E C K P O I N T <ul><li>What are the two main categories of automobile insurance coverage? </li></ul>
  8. 8. AUTOMOBILE INSURANCE COSTS <ul><li>Insurance rates </li></ul><ul><ul><li>Your age and other characteristics </li></ul></ul><ul><ul><li>Purpose for which you use your car </li></ul></ul><ul><ul><li>Number of miles you drive each year </li></ul></ul><ul><ul><li>Value and type of your car </li></ul></ul><ul><ul><li>Community in which you live </li></ul></ul><ul><ul><li>Amount of coverage and deductibles </li></ul></ul>
  9. 9. AUTOMOBILE INSURANCE COSTS <ul><li>Reducing auto insurance costs </li></ul><ul><li>Selecting a company </li></ul><ul><li>Assigned-risk plans </li></ul><ul><li>Insurance for other vehicles </li></ul>(continued)
  10. 10. >> C H E C K P O I N T <ul><li>What factors affect the cost of automobile insurance? </li></ul>
  11. 11. LESSON 20-2 Property Insurance <ul><li>Goals </li></ul><ul><li>Describe property insurance coverage. </li></ul><ul><li>Explain property insurance policies. </li></ul><ul><li>Identify factors that affect property insurance costs. </li></ul>
  12. 12. Key Terms <ul><li>personal liability coverage </li></ul><ul><li>homeowners policy </li></ul><ul><li>depreciation </li></ul>
  13. 13. PROPERTY INSURANCE COVERAGE <ul><li>Damage to home or property </li></ul><ul><li>Additional living expenses </li></ul><ul><li>Liability protection </li></ul>
  14. 14. >> C H E C K P O I N T <ul><li>What are the three main types of property insurance coverage? </li></ul>
  15. 15. PROPERTY INSURANCE POLICIES <ul><li>Homeowners policies </li></ul><ul><li>Renters policies </li></ul><ul><li>Special coverage </li></ul><ul><li>Making a claim </li></ul>
  16. 16. >> C H E C K P O I N T <ul><li>How does a renters policy differ from homeowners insurance? </li></ul>
  17. 17. PROPERTY INSURANCE COSTS <ul><li>Coverage selection </li></ul><ul><li>Insurance premiums </li></ul>
  18. 18. >> C H E C K P O I N T <ul><li>What factors affect the cost of home insurance? </li></ul>
  19. 19. LESSON 20-3 Life Insurance <ul><li>Goals </li></ul><ul><li>Discuss the principles of life insurance. </li></ul><ul><li>Explain the types of life insurance. </li></ul><ul><li>Describe the process of buying life insurance. </li></ul>
  20. 20. Key Terms <ul><li>beneficiary </li></ul><ul><li>term life insurance </li></ul><ul><li>permanent life insurance </li></ul>
  21. 21. LIFE INSURANCE PRINCIPLES <ul><li>The life insurance policy </li></ul><ul><li>Beneficiary selection </li></ul>
  22. 22. >> C H E C K P O I N T <ul><li>What is an insurable interest? </li></ul>
  23. 23. TYPES OF LIFE INSURANCE <ul><li>Term life insurance </li></ul><ul><li>Permanent life insurance </li></ul><ul><ul><li>Whole life insurance </li></ul></ul><ul><ul><li>Variable life insurance </li></ul></ul><ul><ul><li>Universal life insurance </li></ul></ul><ul><li>Group life insurance </li></ul>
  24. 24. >> C H E C K P O I N T <ul><li>What is the difference between term and permanent life insurance? </li></ul>
  25. 25. BUYING LIFE INSURANCE <ul><li>Coverage amount </li></ul><ul><li>Life insurance application </li></ul><ul><li>Premium payments </li></ul>
  26. 26. >> C H E C K P O I N T <ul><li>What factors affect the need for life insurance? </li></ul>
  27. 27. LESSON 20-4 Health Insurance <ul><li>Goals </li></ul><ul><li>Describe health insurance coverage. </li></ul><ul><li>Discuss health insurance providers. </li></ul><ul><li>Explain disability and long-term care insurance. </li></ul>
  28. 28. Key Terms <ul><li>hospital insurance </li></ul><ul><li>surgical insurance </li></ul><ul><li>regular medical insurance </li></ul><ul><li>major medical insurance </li></ul><ul><li>coinsurance </li></ul><ul><li>comprehensive medical policy </li></ul><ul><li>disability income insurance </li></ul>
  29. 29. HEALTH INSURANCE COVERAGE <ul><li>Hospital insurance </li></ul><ul><li>Surgical insurance </li></ul><ul><li>Regular medical insurance </li></ul><ul><li>Major medical insurance </li></ul><ul><li>Comprehensive medical policy </li></ul><ul><li>Dental insurance </li></ul><ul><li>Vision care insurance </li></ul>
  30. 30. >> C H E C K P O I N T <ul><li>What four types of health insurance would be included in a comprehensive medical policy? </li></ul>
  31. 31. HEALTH INSURANCE PROVIDERS <ul><li>Group health insurance </li></ul><ul><li>Individual health insurance </li></ul><ul><li>Managed care plans </li></ul><ul><ul><li>Health Maintenance Organization (HMO) </li></ul></ul><ul><ul><li>Preferred Provider Organization (PPO) </li></ul></ul><ul><li>State government assistance </li></ul><ul><li>Federal government assistance </li></ul><ul><li>Cost containment </li></ul>
  32. 32. >> C H E C K P O I N T <ul><li>Who are the main providers of health insurance? </li></ul>
  33. 33. DISABILITY AND LONG-TERM CARE INSURANCE <ul><li>Disability income insurance </li></ul><ul><li>Long-term care insurance </li></ul>
  34. 34. >> C H E C K P O I N T <ul><li>What is the purpose of disability income insurance? </li></ul>

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