Lesson 7.4 Learning Assessment: Insurance Plans

  • Why is it Important to Carry Different Types of Insurance?

    "There are basically four categories of insurance: Life Insurance, Health Insurance, General Insurance, Disability Insurance" Insurance embodies whatever it protects, and is every bit as essential as the thing itself.
  • Insurance Plan for Myself

    "Many adults will be offered health insurance when they become
    employed." For myself, the military will cover my health insurance. It's called tri-care.
    Auto Insurance: Property Damage – "pays for other people’s property that you damage." For example, your property damage will pay out when you are at fault for an accident that causes damage to someone else's car.
  • Insurance (continued)

    Life Insurance: "pays out a sum of money either on the death of the insured person or after a set period."
    Tri-care will cover my life insurance, especially if I go on a deployment.