Standard 11: Insurance

PFL 11.1 Describe common risks to individuals, their property and investments, caused by situations such as illness, accidents, and natural catastrophes.

PFL 11.2 Explain the importance of insurance as a risk management strategy used by financially responsible individuals.

A. Describe common types of insurance purchased by consumers, such as health, property, life, disability, automobile, and renter’s insurance.
B. Identify different methods for obtaining health insurance, including employer- provided plans, government plans, and private purchase.

PFL 11.3 Evaluate appropriate amounts of insurance to meet one’s needs and budget including how insurance deductibles work.

Teaching Resources

Oklahoma State Department of Education: Making $en$e: Curriculum and Frameworks –  | view now

  • Module 11.1: Identifying Risk
  • Module 11.2: Different Types of Insurance
  • Module 11.3: Using Insurance to Manage Risk

Lessons, Activities, Calculators and Videos

  • Video & Quiz: Insurance – CEE | view now
  • Lesson: Insurance Introduction: Types of Insurance | view now
  • Lesson: Choosing Sides: Which Drivers Would You Insure? | view now
  • Activity/Game: Bummer! – NGPF | view now