Cost-Benefit Analysis of Insurance Policies and Self-Insurance

Comprehensive Risk Management and Insurance Economics

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Evaluate when self-insuring through emergency savings is economically superior to purchasing supplemental insurance policies.

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Comprehensive Risk Management and Insurance Economics

6th Grade · Social Studies · US-IL-SS

7 lessons

Goal

Analyze the economics of insurance, risk pooling, policy types, and how individual characteristics, behaviors, and lifestyle choices impact insurance pricing.

7 lessons

0 of 7 done

The Economics of Insurance: Risk Pooling and Moral HazardUp next
Health Insurance Structures: Premiums, Deductibles, and Out-of-Pocket LimitsNot started yet
Auto and Property Insurance: Coverage Types and Liability LimitsNot started yet
Disability and Life Insurance: Protecting Income and DependentsNot started yet
How Individual Characteristics and Demographics Shape Insurance RatesNot started yet
How Personal Behavior and Lifestyle Affect Insurance CostsNot started yet
Cost-Benefit Analysis of Insurance Policies and Self-InsuranceYou are here

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Learning standards covered

SS.EC.FL.6.9-12Illinois Social Studies Standards · All ages

Analyze the costs and benefits of insurance, including the influences of an individual’s characteristics and behavior.