Exploring insurance

This lesson contains content from a lesson previously titled Money skills lesson three: Financial risk and security, you can find out about the updates here.

This lesson features in the financial education scheme of learning for 14-16 year olds. A ready-made sequence of curriculum linked resources to help you build progression in your learners' knowledge over time. Visit the Scheme of learning homepage to support with your planning.

The Exploring insurance lesson allows students to compare risk in different situations and explore how insurance can provide some protection against some financial risks.

Resources

• Exploring insurance: Lesson plan - for use with a group of students in the classroom.
• Exploring insurance: Presentation slides - to display to students and use alongside the lesson plan.

Lesson learning outcomes

By the end of the lesson students will be able to:

• Assess situations that carry different levels of risk and consequences.
• Calculate how insurance can provide protection from some financial risks.

They also develop students’ core transferable skills such as problem solving and communication. 

These resources align to the Young Money Financial Education Planning Framework and have been awarded the Young Money Quality Mark.

Why not include financial capability as a focus in your students’ wider curriculum? Refer to our Content guide to find out how LifeSkills resources can be used in PSHE or Maths lessons.

If you want to increase your own confidence to teach young people about money, Young Money provide free e-learning training to teachers across Primary and Secondary education. In addition, National Numeracy has a free website which helps you practise and refresh your everyday maths skills.