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Financial Literacy in Action
Tutorial: Insurance Decision

Access: http://www.ianrpubs.unl.edu/epublic/pages/

Complete the assignment below, following the directions or answering the questions that follow:

  • Why does this reading say that before purchasing insurance it’s important to determine your risks and insurance needs and how you could adequately address them.
  • Why can it be said that the reason for insurance is to protect policyholders against the risk of unexpected losses?
  • Summarize the four steps in the insurance decision-making process.
  • What advice would you give someone about whether they need insurance to guard against a particular risk?
Insurance - Tutorial: Insurance Decision
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