Topic 10: Managing Risk/Insurance

By the time they reach adulthood your kids should know…

  • The purpose of insurance
  • What policies are available
  • Who is protected by insurance
  • The benefits of having insurance
  • The risk of not having insurance
  • How to determine what insurance cover they need
  • How to recognise unnecessary insurance. Some salespeople don’t care if you buy something from them that you do not need! For example, some banks were selling Credit Card insurance that would protect you from Credit Card fraud, but the banks already had an obligation to protect consumers from that loss anyway, so they were selling insurance for a risk that did not exist… they had to refund the premiums once this was exposed.

Lower Primary School Years:

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Upper Primary School Years:

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Lower High School Years:

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Upper High School Years:

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