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Types of Insurance

Seventh graders learn how insurance protects people from big surprise costs — health, car, and home insurance — by paying a regular premium. When something goes wrong, insurance helps cover the expense.

Grade 7Insurance50 minutes1 class periodEconomics · C3Explicit teaching4 StandardsC3 / NSPFE
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Lesson at a Glance

Everything you need before the bell rings

Learning Objectives

Students will be able to…

  • ✓Explain insurance.
  • ✓Know the main types.
  • ✓Understand a premium.
  • ✓Manage risk.
Essential Question

What if a big, surprise cost hits — a car crash or a hospital visit? Insurance helps. How does it work?

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Lesson Phases
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Vocabulary Terms
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Standards Aligned
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Interactive Task
Explore · Interactive

The Insurance Explorer

Project this and tap each. Have students learn how insurance protects people.

🛡️ Explore insurance — tap eachTry it

The Lesson · Inquiry Flow (Hook · Explore · Practice · Apply · Reflect)

50 minutes, five moves

Tap any phase to open the teacher moves and student actions.

1

Hook — Surprise Costs

5 min

What if a big surprise cost hits? Insurance helps — how does it work?

👩‍🏫 Teacher Moves

  • Ask about a car crash cost.
  • Ask how to be protected.
  • Set the goal.

🎒 Student Actions

  • Wonder.
  • Wonder.
  • Get ready.
2

Explore — Types of Insurance

12 min

Students explore.

👩‍🏫 Teacher Moves

  • Send students to the Insurance Explorer.
  • Present each type.
  • Note the premium.

🎒 Student Actions

  • Tap each.
  • Note it.
  • Note it.
3

Practice — Practice

13 min

Students practice.

👩‍🏫 Teacher Moves

  • Name a type of insurance.
  • Explain a premium.
  • Explain protection.

🎒 Student Actions

  • Name it.
  • Explain.
  • Explain.
4

Apply — Apply

11 min

Students apply.

👩‍🏫 Teacher Moves

  • Match a risk to an insurance.
  • Explain why it helps.
  • Share with a partner.

🎒 Student Actions

  • Match.
  • Explain.
  • Share.
5

Reflect — Reflect

5 min

Students close.

👩‍🏫 Teacher Moves

  • Say what insurance is.
  • Name a type.
  • Complete the exit ticket.

🎒 Student Actions

  • Say it.
  • Name it.
  • Complete the exit ticket.
Standards Alignment

Built to the standards you report on

Aligned to the C3 Framework (Economics) & the National Standards for Personal Financial Education.

NSPFE
Managing Risk

Explain how insurance works.

C3
D2.Eco.1.6-8

Explain risk & protection.

C3
D2.Eco.2.6-8

Explain financial choices.

C3
D4.6.6-8

Draw conclusions about risk.

Differentiation

One lesson, every learner

Multilingual Learners

ELL / EMERGING READERS
  • Insurance picture cards.
  • Sentence frame: “___ insurance helps ___.”
  • Use examples.

Support & Access

IEP / 504
  • Start with health and car.
  • Use pictures.
  • Repeat aloud.

Stretch & Extend

GIFTED / EARLY FINISHERS
  • Match risks to insurance.
  • Research a premium.
  • Discuss deductibles.
Materials

What to gather

  • 📽️Screen / board
  • 🛡️Insurance cards
  • 💻The Insurance Explorer
  • 📋A risk chart
  • ✏️Notebooks
  • 🎫Exit-ticket slips
Vocabulary

Key terms — hover for a quick definition

insuranceprotection you pay forpremiumthe regular paymenthealth insurancehelps with medical costscar insurancehelps with car costshome insurancehelps replace home itemsclaimasking insurance to payriskthe chance of losscoveragewhat is protected
Evaluate

Exit Ticket

Preview the three formative checks. Tap “Sample answer” to see what mastery looks like — hide them before you print for students.

QUESTION 1
What is insurance?
Protection you pay for, so a big surprise cost doesn’t hurt as much.
QUESTION 2
What is a premium?
The regular payment you make to keep your insurance.
QUESTION 3
What does car insurance help with?
Costs if your car is damaged or in an accident.

Reflect: insurance.

Have students name one type of insurance and the risk it protects against. A printable insurance sheet is in the Social Studies library.

Study · Flashcards

Study the key terms

Tap a card to flip it, then rate whether you knew it. Built from this lesson’s vocabulary.

🃏 Types of InsuranceFlip
Card 1
Term
Tap to flip →
Meaning
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Practice · Quiz

Check your understanding

A quick self-check with instant feedback, drawn from this lesson’s key terms.

📝 Types of InsuranceQuiz
Score: 0
1 / 6
Question 1
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Nice work!

Practice · Worksheet

Printable worksheet

A print-and-go review sheet with a built-in answer key. Tap “Show answer key” to reveal answers, or print the clean version for students.

🖨️ Types of InsurancePrint
Name: ________________________
Date: ____________

Part A · Write the word that matches each meaning

Word bank: car insurance, claim, coverage, health insurance, home insurance, insurance, premium, risk
  1. helps with car costs
  2. protection you pay for
  3. what is protected
  4. helps with medical costs
  5. asking insurance to pay
  6. helps replace home items
  7. the chance of loss
  8. the regular payment

Part B · Show what you learned

  1. What is insurance?
  2. What is a premium?
  3. What does car insurance help with?
Answer key — Part A: 1) car insurance · 2) insurance · 3) coverage · 4) health insurance · 5) claim · 6) home insurance · 7) risk · 8) premium
Part B: 1) Protection you pay for, so a big surprise cost doesn’t hurt as much. 2) The regular payment you make to keep your insurance. 3) Costs if your car is damaged or in an accident.