Unit 5  Risk Management
Unit 2 Financial Institutions and Banking Services
Unit 3 Credit in Our Economy
Unit 6 Personal Financial Management
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Unit 1 Consumers in the Economy
Chapter 37 The Fundamentals of Insurance
 
Standard: Describes the basics of Insurance.
Chapter 38 Vehicle Insurance
  Standard: Explains the economic risks of owning an automobile and the importance of insurance.
Chapter 39 Property Insurance
  Standard: Clarifies the importance and benefits of having home and property insurance.
--Discuss various types of risk and how economic risk can be avoided.
--Describe insurance, coinsurance, and the kinds of losses that can be covered.
--List factors that affect the cost of insurance coverage.
--Explain the risks of personal injury and property damage that owning an automobile entails.
--Detail the factors that affect insurance rates and how you can reduce those rates.
--List four basic vehicle insurance laws.
--Discuss the types of losses covered by home and property insurance.
--Explain how to purchase property insurance and how to make a claim.
--Describe the purpose of business insurance.
--Explain why life insurance is important.
--Compare the costs and benefits of the two basic types of life insurance--term and permanent.
--Outline the procedures for obtaining life insurance coverage.



Unit 4 Savings and Investment Strategies
Chapter 40 Life Insurance
  Standard: Establishes the two basic types of life insurance, term and permanent, and describes each.
--Describe the five types of medical health insurance.
--Explain managed health care and define the main types of managed care plans.
--Discuss the reasons for disability income insurance.
--List health insurance plans provided by government.
Chapter 41 Health Insurance
  Standard: Examines the importance of health insurance.
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