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Chapter9-Lesson 1-Dave Ramzey

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64 views4 pages

Chapter9-Lesson 1-Dave Ramzey

Uploaded by

lynndeefoster
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Identifying Financial Risk

CHAPTER 9, LESSON 1

NAMES DATE
lynndee

DIRECTIONS
Create a list of 10–15 possible disasters (e.g., illness, house fire) that could occur in life. Include potential
consequences of each disaster. Then, identify and list what type(s) of insurance (auto, homeowner’s/renter’s,
health, long-term disability, term life, long-term care, and identity theft protection) would help you prepare
for each of the disasters.

DISASTER POSSIBLE CONSEQUENCES INSURANCE NEEDED

House gets struck by lightning,


Lightning storm Homeowner’s
damaging electronics and appliances

water pipes bust house floods and ruins the floor renters insurance

car wreck total your car after hitting a deer auto insurance

hospital visit break ur arm and have to go to t health insurance

unknon card purcha somone stole ur wallet and usin idenity theft protecti

window shatters kids threw baseball in the house homeoeners insuran

FO U N DATI O NS I N PERSONA L FI NA NCE PAGE 1 O F 4


Identifying Financial Risk
CHAPTER 9, LESSON 1

DISASTER POSSIBLE CONSEQUENCES INSURANCE NEEDED


(CONTINUED) (CONTINUED) (CONTINUED)

got polio can not work again due to so pa long term disablity

lost your job company shut down leaving you short term disablity

car gets hit by a sim you wernt in your car just hit it p auto insurance

cut ur fingers off trying to build a rocking horse a health insurance

go to the nursing ho getting to old to take care of ur s long term care

FO U NDATI O N S I N PERSONA L FI NA NCE PAGE 2 O F 4


Identifying Financial Risk
CHAPTER 9, LESSON 1

DIRECTIONS
Answer the following questions and be ready to discuss your answers with the class.

1. How or why could insurance help you?


save you from having to pay large amount of money un exspectly

2. Are there situations where insurance would not help, even though you have it?
yes, when you beat someone up and they have to go to the hospital

3. What types of insurance are recommended in Chapter 9?


auto, homeowners/renters, health, long-term disability, term life, long-term care, and identity theft
protection

4. What types of insurance do you currently have?


health and auto insurance

FO U N DATI O NS I N PERSONA L FI NA NCE PAGE 3 O F 4


Identifying Financial Risk
CHAPTER 9, LESSON 1

5. What types of insurance will you need after you’re out of high school?
health and and dental and auto

6. Why is having insurance important, even if you never have to use it?
to back you if you ever have to pay lots of money after an accident

7. What could happen if you have an accident but don’t have insurance?
you could have to pay thousands of dollars outta pocketn

8. What would you say to someone who isn’t willing spend the money on the monthly
insurance charge?
your just gonna hurt urself in the long run

FO U NDATI O N S I N PERSONA L FI NA NCE PAGE 4 O F 4

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