Lesson
The Concept of Risk
Summary
Risk isn't something to avoid, it's a reality to manage. This lesson introduces the four strategies people use to handle life's uncertainties and sets the foundation for every insurance topic that follows.
Bellringer: The Shattered Phone
- Project the scenario slide and give students 2 minutes to respond in writing.
- Cold-call 2–3 students to share dollar estimates.
Instruction
- Define risk, premium, deductible, claim, policy.
- Walk through the four risk strategies.
Discussion: Avoid, Reduce, Retain, Transfer
- Present 3–4 everyday risk scenarios.
- Students label each with a strategy and defend their choice.
Activity: Insurance and Risk Article
- Read the Insurance and Risk article in pairs.
- Find one example of each of the four strategies in the text, evaluate whether an extended car warranty is worth it for someone who keeps cars 10+ years, and identify the difference between a standard and extended warranty.
Wrap-Up & Assessment
- What are the four ways to manage risk?
- When does it make sense to retain risk instead of transferring it?
| Est. Time | Activity | Description |
|---|---|---|
| 5 min | Bellringer: The Shattered Phone |
|
| 10 min | Instruction |
|
| 10 min | Discussion: Avoid, Reduce, Retain, Transfer |
|
| 15 min | Activity: Insurance and Risk Article |
|
| 5 min | Wrap-Up & Assessment |
|
Lesson Prep
Insurance and Risk
Students learn how insurance works across auto, home, health, and life.
Class Presentation
Includes a 16-slide deck with teacher notes. Present from Banzai, download a PDF, or copy it to Google Slides.
Presentations, Ready to Go
- Built-in PresentationPresent full screen, straight from Banzai
- Copy to Google SlidesMake an editable copy for your class
- Download or PrintSave as a PDF or print
- Teacher NotesSlide-by-slide guidance, printable as one handout
Unit 9: Insurance & Risk
The Concept of Risk
Risk isn't something to avoid, it's a reality to manage. This lesson introduces the four strategies people use to handle life's uncertainties and sets the foundation for every insurance topic that follows.
Insurance Lingo & Mechanics
Insurance feels like alphabet soup until you realize every term exists to answer one question: who pays what, and when? This lesson decodes premiums, deductibles, claims, and coverage so students can read any policy without panic.
Auto Insurance
One fender bender can cost more than a year of premiums—if you picked the wrong coverage. This lesson unpacks the five coverage types, the premium-deductible tradeoff, and how teens can pick a policy that won't bankrupt them after a crash.
How do Banzai lesson plans work? See the FAQ.