Module MCM.3.4: Insurance & Estate Planning

Standard: EPF.MCM.3.4

Objective: Explain the purpose and types of insurance and basics of estate planning.

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Lesson Overview

• Define insurance types (health, auto, life, property)
• Discuss why insurance is important
• Introduce estate planning basics

Teacher Notes

• Use real insurance policy examples
• Relate to students' family experiences
• Discuss wills, beneficiaries, and power of attorney

Activities

• Insurance needs analysis
• Guest speaker: Insurance agent
• Create a simple estate plan

Assessment

• Quiz on insurance types
• Written estate plan outline

Resources

• NC DPI EPF Standards
• Insurance and estate planning guides