PFLE.SS.9.B
Define insurance terminology, including premiums, deductibles, co-pays, and policy limits.
Personal Financial Literacy and Economics · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010
Standard Unwrapping
AI-generated as a starting point — sign in to edit.Vocabulary
insuranceterminologypremiumsdeductiblesco-payspolicy limits
Skills
- define (insurance terminology such as premiums, deductibles, co-pays, policy limits) #dok1
- differentiate (between types of insurance terms) #dok2
- illustrate (examples of premiums, deductibles, co-pays, policy limits in practice) #dok2
- explain (how understanding insurance terminology can impact insurance decisions) #dok3
Learning Targets
- I can define common insurance terms like premiums, deductibles, co-pays, and policy limits. #dok1
- I can identify the meanings of premiums, deductibles, co-pays, and policy limits. #dok1
- I can compare and contrast premiums, deductibles, co-pays, and policy limits. #dok2
- I can use examples to illustrate how premiums, deductibles, co-pays, and policy limits affect insurance costs. #dok2
- I can explain how understanding insurance terms helps me make better decisions about insurance. #dok3
Big Ideas
- Understanding insurance terminology is essential for making informed personal financial decisions.
- Different elements of an insurance policy, such as premiums, deductibles, co-pays, and policy limits, directly impact the costs and benefits of insurance coverage.
Essential Questions
- What are the definitions of key insurance terms such as premiums, deductibles, co-pays, and policy limits?
- How do premiums, deductibles, co-pays, and policy limits influence the overall cost of insurance?
- Why is it important to understand insurance terminology when selecting an insurance policy?
- How do differences in insurance terms affect the amount you pay or receive when making a claim?
- How can being knowledgeable about insurance terminology protect individuals and families from financial loss?