Theme 3 Lesson 10:
Managing Risk

As people begin to earn an income and acquire assets, they begin to think about how to protect what they have against the risk of financial loss. Toward this end, many people buy insurance. This lesson explains how insurance works and provides an overview of different types of insurance. The students participate in a simulation activity that allows them to use their understanding of the costs and benefits in decisions about purchasing insurance.

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  • Insurance
  • Risk

Standards in Economics and Personal Finance

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