Protect yourself
My Perfect Plan
What type of insurance have you been assigned to research? - Auto insurance After researching insurance policies, record the two options you think would work best for your scenario here. - East Coast Insurance, and Hoffman & Associates What plan would work the best for you? - I think the Hoffman & Associates plan would work best for me because it covers a lot. |
Insurance Matchmaker
1. The situation:
You are a new student at the local college and will be living a few blocks away from campus. Because of the close
proximity, you decide to forgo purchasing a car until graduation. You’re in good health and rarely visit the doctor, but
since you are moving out of your parent’s house, you’re no longer included on their health insurance plan. What type
of insurance should you purchase?
The match:
You have a basic health insurance plan to offer. With a premium of $30, a co-pay of $10 and a deductible of $100, the
policy is a great bargain for those entering the workforce, students and the generally healthy.
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2. The situation:
You’re a recent high school graduate, and at 18 you are still covered by your parent’s health insurance. To save costs,
you live at home with your parents and commute one hour to campus. You own a 1988 truck, and since you aren’t
concerned about it getting damaged, you debate buying car insurance. What type of insurance should you purchase?
The match:
You have a no-fuss car insurance plan to offer. The deductible is $1,000 with a premium of $50. It the most basic plan,
so if someone buys the policy you are selling, damage to his or her car won’t be covered—only damage to the other
driver’s car.
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3. The situation:
You’re starting your first job in your dream city. Due to a signing bonus, you just purchased a new home in the suburbs.
Although you plan to use public transportation, you also have a nice vehicle that you sometimes use for weekend
getaways. You’re generally in good health, but have to see specialists frequently due to a medical condition you’ve had
since childhood. You get health insurance through your new job, but it only covers prescriptions and yearly doctor’s
visits, not the kind of specialists you need for your condition. What type of insurance should you purchase?
The match:
You are an insurance company that does it all. You specialize in car, homeowner’s and health insurance. You also offer
a 20% discount if someone purchases all three types of insurance with you. Your health insurance plan has a fairly
high deductible of $1,000, but your car insurance policy has a low premium of $40. Your homeowner’s policy covers
the cost of property damage from theft, fire and natural disasters.
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4. The situation:
You were close to your grandfather and before he passed away, he left you his favorite Rolex watch. From the 1930s,
the watch is worth a lot of money and has incredible sentimental value as a family heirloom. You’re still covered under
your parent’s health insurance and don’t yet own a car. What type of insurance should you purchase?
The match:
You specialize in personal property insurance. If someone wants to insure a valuable item, like a diamond ring or
antique collectibles, you offer the right policy. You provide flexible coverage and are a leader for personal property
insurance in your area.
Where There’s a Will,
There’s a Way
The important aspects of a will are:
Imagine you are going to create a will that outlines the distribution of the following assets:
1. Laptop 6. Movie collection
2. Smartphone 7. Jewelry or watches
3. Car 8. Clothing
4. CD collection 9. Video game console
5. Favorite book 10. Digital camera
Who should receive your assets? why?
1. One of my children, so they can have a laptop and so they can have all the pictures i saved on the laptop
2. My spouse, that way he could sell it and make money off of it or so he can have a back up phone
3. One of my children could take the car so that way they have a extra car for my grandchildren or if something happens to theirs
4. My spouse, he will be the only one that will probably know what is on the CD's
5. My best friend, she loves books and if its my favorite im sure she would love to have it when im gone
6. My children can split the movies and take what they want
7. My children can also split my jewelry and either pawn it or keep it what ever they want
8. My best friend so she can have some extra clothes
9. My children so they can give it to there children
10. My children so that way they can take photos and have memories of their children
Who will be the executor of your estate? That is, who will be the person that is responsible for making sure your
wishes are carried out and your assets distributed, as you want? Why did you choose that person?
- The executor would be my spouse because i know he would know just what i want and how i wanted it
Why do you think it is important to create a will?
- I think its important to create a will so that way you can have what u wanted even when your deceased and that way your friends and family can have something to remember you by or to make money off of .
1. The situation:
You are a new student at the local college and will be living a few blocks away from campus. Because of the close
proximity, you decide to forgo purchasing a car until graduation. You’re in good health and rarely visit the doctor, but
since you are moving out of your parent’s house, you’re no longer included on their health insurance plan. What type
of insurance should you purchase?
The match:
You have a basic health insurance plan to offer. With a premium of $30, a co-pay of $10 and a deductible of $100, the
policy is a great bargain for those entering the workforce, students and the generally healthy.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2. The situation:
You’re a recent high school graduate, and at 18 you are still covered by your parent’s health insurance. To save costs,
you live at home with your parents and commute one hour to campus. You own a 1988 truck, and since you aren’t
concerned about it getting damaged, you debate buying car insurance. What type of insurance should you purchase?
The match:
You have a no-fuss car insurance plan to offer. The deductible is $1,000 with a premium of $50. It the most basic plan,
so if someone buys the policy you are selling, damage to his or her car won’t be covered—only damage to the other
driver’s car.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3. The situation:
You’re starting your first job in your dream city. Due to a signing bonus, you just purchased a new home in the suburbs.
Although you plan to use public transportation, you also have a nice vehicle that you sometimes use for weekend
getaways. You’re generally in good health, but have to see specialists frequently due to a medical condition you’ve had
since childhood. You get health insurance through your new job, but it only covers prescriptions and yearly doctor’s
visits, not the kind of specialists you need for your condition. What type of insurance should you purchase?
The match:
You are an insurance company that does it all. You specialize in car, homeowner’s and health insurance. You also offer
a 20% discount if someone purchases all three types of insurance with you. Your health insurance plan has a fairly
high deductible of $1,000, but your car insurance policy has a low premium of $40. Your homeowner’s policy covers
the cost of property damage from theft, fire and natural disasters.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4. The situation:
You were close to your grandfather and before he passed away, he left you his favorite Rolex watch. From the 1930s,
the watch is worth a lot of money and has incredible sentimental value as a family heirloom. You’re still covered under
your parent’s health insurance and don’t yet own a car. What type of insurance should you purchase?
The match:
You specialize in personal property insurance. If someone wants to insure a valuable item, like a diamond ring or
antique collectibles, you offer the right policy. You provide flexible coverage and are a leader for personal property
insurance in your area.
Where There’s a Will,
There’s a Way
The important aspects of a will are:
- In most states you must be 18 or older
- A will must be written in the right state of mind
- It must clearly state that its your will
- An executor must be named
- Must sign a will with at least two people present
Imagine you are going to create a will that outlines the distribution of the following assets:
1. Laptop 6. Movie collection
2. Smartphone 7. Jewelry or watches
3. Car 8. Clothing
4. CD collection 9. Video game console
5. Favorite book 10. Digital camera
Who should receive your assets? why?
1. One of my children, so they can have a laptop and so they can have all the pictures i saved on the laptop
2. My spouse, that way he could sell it and make money off of it or so he can have a back up phone
3. One of my children could take the car so that way they have a extra car for my grandchildren or if something happens to theirs
4. My spouse, he will be the only one that will probably know what is on the CD's
5. My best friend, she loves books and if its my favorite im sure she would love to have it when im gone
6. My children can split the movies and take what they want
7. My children can also split my jewelry and either pawn it or keep it what ever they want
8. My best friend so she can have some extra clothes
9. My children so they can give it to there children
10. My children so that way they can take photos and have memories of their children
Who will be the executor of your estate? That is, who will be the person that is responsible for making sure your
wishes are carried out and your assets distributed, as you want? Why did you choose that person?
- The executor would be my spouse because i know he would know just what i want and how i wanted it
Why do you think it is important to create a will?
- I think its important to create a will so that way you can have what u wanted even when your deceased and that way your friends and family can have something to remember you by or to make money off of .