2. Can You Believe?
The number of insurance claims for
auto accidents involving teens is
____% higher than those for adults.
Teen crash rates drop by ____% six
months after getting their license.
100
40
3. Can You Believe?
In the latest survey available, ____% of
the U.S. population experienced some
level of disability in a year.
Head injuries cause about ____% of all
bicycling fatalities.
20
75
4. Can You Believe?
There is a ____% chance you’ll be
involved in an alcohol-related traffic
accident at some point in your life.
At work, a disabling injury occurs every
____ seconds.
30
80
5. Can You Believe?
Sixteen-year-old drivers have ____
times the risk of being in a crash
compared to 18-year-old drivers.
3
6.
7. Risk Management
“In exchange for a relatively
small payment, which is the
premium, you’re protected
against the chance of a big
financial setback, a large
loss.”
8. Risk Management
Means you use various ways to deal
with potential personal or financial
losses.
10. Insurance Premium
The payment you make to an insurance
company in exchange for its promise of
protection and help.
Can be monthly, quarterly, semi-
annually, or annually.
11. Deductible
The amount of the loss you must pay
out of your own pocket before the
insurance company begins to reimburse
you.
Range from $100-$1,000+
SHOP AROUND for best rates
12. Insurance Claim
A demand made by the insured person
to have a payment made as determined
by the policy
Ex) car repairs, medical bills, etc.
14. Auto Insurance
Provides money in
the event of a car accident.
Pays for medical expenses and may
pay for repairs.
15. In NC, ALL LICENSED DRIVERS must
have insurance that covers at least
$30,000 for a single person’s injuries,
$60,000 for multiple injuries and
$25,000 for property damage
16. Auto Policies
Age
Gender
Marital Status
Type of Car
Cost of Repairs
Mileage
Location
Law Enforcement
Driving Record
The following factors can
influence the cost of the policy.
17. Health Insurance
Pays the medical bills (including
doctor and hospital visits, medicine,
rehabilitation, etc.) in case you or
your family members, become sick or
injured.
The Affordable Care Act
(“Obamacare”) allows young adults to
remain on their parents health
insurance until age 26.
18. Property Insurance
Also called Homeowners Insurance
Renters Insurance also available
Protects your material possessions in
case they are damaged by fire, flood, or
theft.
19. Life Insurance
Protects people who depend on you
financially in the event of your untimely
death.
Pays for death expenses (funerals, etc.)
and other expenses after the loss of
income from the deceased
Term Life vs Whole Life
20. Future Insurance Needs
Health Insurance
Property Insurance
Life Insurance
Disability Insurance
Liability Insurance
21. Estate Planning
Estate planning is preparing a plan for
transferring property during one’s
lifetime and at one’s death.
Goal should be to minimize taxes on
the estate, make known how you want
your possessions distributed, and to
provide for a smooth transfer of your
possessions to loved ones after death.
22. Tools for Estate Planning
Will
Trust
Joint Ownership of Assets
23. Will
A legal document that tells how you
want your estate to be distributed after
your death.
24. Power of Attorney
A legal instrument authorizing one to
act as another’s attorney or agent.
25. Trust
A legal document in which an individual
gives someone else control of property,
for ultimate distribution to another
person.