Insurance

The Insurance course introduces students to the insurance industry and to the critical role it plays in the financial services sector and in society as a whole. This course covers the purpose and uses of the most common types of insurance, including life, health and disability, property, liability, and various forms of commercial insurance. Students use the foundational information gained in Principles of Finance to deepen their understanding and explore new insurance concepts. Students examine the business model underlying the industry and the role that underwriting, actuarial science, and investment practices have on determining an insurance company’s financial success. Students take an in-depth look at the individual components of an insurance contract or policy, including concepts such as covered perils, exclusions, riders, declarations, and conditions. Finally, the course examines the different career opportunities available in the field, including underwriter, claims adjuster, and agent.

Students integrate their learning in a culminating project that not only demonstrates but also applies their new knowledge of insurance principles. Working as consulting teams, students develop a commercial insurance needs assessment for a real company across a variety of industries. Students research the potential risks, regulations, and ethical issues related to insurance that the company might face, and present a comprehensive needs assessment to an invited audience.

This course is expected to take a total of 72 50-minute class periods.

Course Scope & Sequence

The Scope & Sequence lists the learning objectives for each lesson, providing you with an overview of what your students will learn during the course. You can use these learning objectives as a guide to determine how the course enables your students to reach the requisite goals set for them.

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Lesson Descriptions

The Lesson Descriptions document includes a brief overview of every lesson in the course. This is the narrative companion to the course Scope & Sequence document.

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Course Support

If you have questions about this course, need a hand with a particular lesson, or just have a great idea to share, please contact Kevin English directly at kenglish@naf.org. We are available to support you in teaching the course while also gathering feedback to improve the NAF curriculum.

Culminating Project Overview

In every NAF course, students complete a culminating project and present it in the final lesson. Download the Project Overview to learn the details about the culminating project for this course and to find out what advance preparation the project entails.

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NAFTrack Certification Course Guide

NAFTrack Certification is a nationally recognized, standards-based set of tools developed by NAF to evaluate students’ readiness for college and career. By completing all NAFTrack Certification requirements, students demonstrate mastery of academic skills and career-related knowledge. The requirements are as follows: for each of four NAF courses, students complete all coursework, pass the end-of-course exam, and fulfill culminating project responsibilities, as evidenced by uploading key pieces of work.

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Correlations to the Common Core State Standards

This document identifies which of the ELA and Math Common Core State Standards are met by each lesson in the course. You can use these correlations as an aid to preparing your students for college and careers.

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We welcome questions and feedback about these course materials. For a prompt response, please email the NAF Instructional Managers directly at curriculum@naf.org.

The ZIP file below contains the current version of every file for this course. Be sure to download it before the start of each school year. If you just need a specific file or two, it's quicker to use the individual links listed on this page.

All Course Files (ZIP file)

Unit 1: Getting Started

Lesson 1: Course Introduction

This lesson uses a .mov file that must be unzipped and requires an up-to-date video player such as Windows Media Player or Apple's QuickTime Player to view. If you have difficulty playing this file, please consult the tech coordinator for your school.

Lesson 2: Insurance Industry Overview

Lesson 3: The Business of Insurance

Lesson 4: Components of an Insurance Policy

Unit 2: PERSONAL INSURANCE

Lesson 5: Health and Dental Insurance

Lesson 6: Disability and Long-Term Care Insurance

Lesson 7: Life Insurance

Lesson 8: Personal Property and Liability Insurance

Unit 4: THE INSURANCE INDUSTRY TODAY

Lesson 13: Financial Issues in the Insurance Industry

Lesson 14: Ethical Issues in the Insurance Industry

Unit 5: CAREERS IN INSURANCE

Lesson 15: Working in the Industry

Lesson 16: Learning from Industry Experts

Lesson 17: Project Presentation and Course Closure

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