Title: Identify the role of insurance in financial security.
Course: Navy JROTC IV (09104) > Section: Managing Personal Finances

Identification should include

- how insurance works
- types of insurance
- common acronyms used in insurance
- components of insurance policies
- consequences of not having insurance.

Process/Skill Questions:

- What type of insurance covers cellphones stolen from personal vehicles?
- What is a deductible?
- What is the role of an insurance claims adjuster?
- What factors determine one’s life insurance insurability and risk class?
- Which category of life insurance offers cash value?
- What is the difference between replacement cost and actual cash value?
- What factors affect auto insurance premiums?
- What is a health savings account (HSA)?