Georgia standard · Social Studies

`SSPFL9`Insurance and Risk Management

Describe how insurance and other risk-management strategies protect against financial loss.

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Expectations

SSPFL9.a
Define insurance as an agreement where one party agrees to pay for another’s damage or loss in exchange for payment.
SSPFL9.b
Define risk as it relates to various assets (i.e. your person, property, or investments).
SSPFL9.c
Describe various types of insurance including automobile, health, life (whole and term), disability, and property.
SSPFL9.d
Review and describe the basic components of a sample automobile, health, and property insurance policy.
SSPFL9.e
Analyze different methods for obtaining health insurance including through an employer, private purchase, Consolidated Omnibus Budget Reconciliation Act (COBRA), and through various health insurance exchanges.
SSPFL9.f
Analyze the costs and benefits associated with different types of insurance, including copays, deductibles, premiums, shared liability, and asset protection.
SSPFL9.g
Define insurability and explain why insurance rates can vary.

No Georgia Milestones blueprint cites this standard.