7.01 Health and Life Insurance

• Essential Questions:– What are the types of health insurance and things

to consider when selecting options?– What are the types of life insurance and things to

consider when selecting options

Respond in your notebook to the following questions.

• Have you been at risk today?• What are some risks to which you have been

subjected?• When has your family used insurance to

recover from a form of loss or damage?

Things that affect the cost of life insurance

• Family health history• Pre-existing conditions• The policyholder’s current health• The policyholder’s occupation and hobbies• Gender• Age of insured

Risks to consider when selecting amount of insurance coverage

• Present and future earnings• Financial responsibilities• Potential income from other sources• Dependents, ages and needs• Burial expenses• Debts