Insurance and Jessie Robinson
Questions
1. Think of a real or made up but realistic example of a pure risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 1.0 points) c. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1.0 points) d. Describe at least one way you could protect yourself against this risk. (1-3 sentences. 1.0 points) 2. Think of a real or made up but realistic example of a speculative risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 0.5 points) c. What sorts of positive outcomes are possible for this type of risk? (1-3 sentences. 0.5 points) d. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1.0 points) e. Describe at least one way you could protect yourself against this risk. (1-3 sentences. 1.0 points) 3. Imagine that you are a parent with young children. You want to get life insurance to protect your children financially until they are old enough to produce their own incomes. Would term life insurance or permanent life insurance be a better choice in this situation? Why? (2-4 sentences. 1.0 points) 4. Describe two types of insurance that you have or are likely to have at some point in your life. What risks are these insurance plans protecting you against? Why do you think these types of insurance are important? (4-8 sentences. 3.0 points) 5. List four valuable items that might be kept in an apartment or house. Next to each item, write the estimated dollar amount that each item might be worth. (Complete
1. Think of a real or made up but realistic example of a pure risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 1.0 points) c. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1.0 points) d. Describe at least one way you could protect yourself against this risk. (1-3 sentences. 1.0 points) 2. Think of a real or made up but realistic example of a speculative risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0.5 points) b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 0.5 points) c. What sorts of positive outcomes are possible for this type of risk? (1-3 sentences. 0.5 points) d. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1.0 points) e. Describe at least one way you could protect yourself against this risk. (1-3 sentences. 1.0 points) 3. Imagine that you are a parent with young children. You want to get life insurance to protect your children financially until they are old enough to produce their own incomes. Would term life insurance or permanent life insurance be a better choice in this situation? Why? (2-4 sentences. 1.0 points) 4. Describe two types of insurance that you have or are likely to have at some point in your life. What risks are these insurance plans protecting you against? Why do you think these types of insurance are important? (4-8 sentences. 3.0 points) 5. List four valuable items that might be kept in an apartment or house. Next to each item, write the estimated dollar amount that each item might be worth. (Complete