Students learn about risk and insurance.
- Identify possible risks.
- Explain strategies for handling risk.
- Recognize the role of risk.
- Explain how insurance transfers risk to a third party.
Standard 11: The student will describe and explain how various types of insurance can be used to manage risk.
Suggested Grade Level
7th – 12th Grade
Life is about risk. Individuals face some type of risk in everything they do and every decision they make. In most cases, we try to minimize the impact of risk by having insurance or other types of protection from loss. Or, we may look for ways to avoid risk by taking steps to prevent it. Finding a way to manage our risk will help protect our financial assets today and in the future.