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.
Horace Mann, Geico
Option A
Name of company- Horace Mann
Deductible- $1000
Premium- $65 month
What are the benefits and disadvantages?
(e.g., high deductible, lots of coverage, etc.)
Option B
Name of company- Geico
Deductible- $500
Premium- $100 month
What are the benefits and disadvantages?
(e.g., high deductible, lots of coverage, etc.)
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Which of the two plans would be the best choice for your circumstances and why?
Geico and Horace Mann, because both both offer great protection and both are decently low cost insurance.
Part One
A will ensures that your wishes are carried out and your assets protected after you are no longer able to carry out and protect them yourself. Working with your group, research the important components of a will. What does a will actually do? Do you have to be a certain age to create one? Can you make one when you are in ill health? Write a list of the important elements you discover.
The important aspects of a will are:
• It can be written on a plain piece of paper and should have two witnesses not involved in the will present at the time to watch it be signed by the person creating the will.
• It describes what you want to happen to all of your belongings once you have died.
• It prevents the law to take land and other belongings from the person rather than giving it to who you want.
• protects your social security number.
Part Two
Imagine you are going to create a will that outlines the distribution of the following assets:
1. Laptop
2. Smartphone
3. Car
4. CD collection
5. Favorite book
6. Movie collection
7. Jewelry and watches
8. Clothing
9. Video game console
10. Digital camera
1. Who should receive your assets? Use the space below to designate who would get each of the assets listed above and why?
1. Brother, family
2. Brother, family
3. Brother, family
4. Donate, not valuable and not used anymore
5. Donate, not valuable
6. Donate, not valuable and not used anymore
7. Divide between all of my family
8. Donate, not needed anymore
9. Brother, family
10. Brother, family
2. 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?
My father because he is the most trust worthy man that i know and will do anything of that nature if i asked him to.
3. Why do you think it is important to create a will?
That way when you die your family will know exactly what goes where and who all gets what was once mine.
Auto Insurance
After researching insurance policies, record the two options you think would work best for your scenario here.
Horace Mann, Geico
Option A
Name of company- Horace Mann
Deductible- $1000
Premium- $65 month
What are the benefits and disadvantages?
(e.g., high deductible, lots of coverage, etc.)
- premiums are low
- combined house and auto
- cheaper for new drivers
Option B
Name of company- Geico
Deductible- $500
Premium- $100 month
What are the benefits and disadvantages?
(e.g., high deductible, lots of coverage, etc.)
- Lower deductible
- higher premium
- good coverage
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Which of the two plans would be the best choice for your circumstances and why?
Geico and Horace Mann, because both both offer great protection and both are decently low cost insurance.
Part One
A will ensures that your wishes are carried out and your assets protected after you are no longer able to carry out and protect them yourself. Working with your group, research the important components of a will. What does a will actually do? Do you have to be a certain age to create one? Can you make one when you are in ill health? Write a list of the important elements you discover.
The important aspects of a will are:
• It can be written on a plain piece of paper and should have two witnesses not involved in the will present at the time to watch it be signed by the person creating the will.
• It describes what you want to happen to all of your belongings once you have died.
• It prevents the law to take land and other belongings from the person rather than giving it to who you want.
• protects your social security number.
Part Two
Imagine you are going to create a will that outlines the distribution of the following assets:
1. Laptop
2. Smartphone
3. Car
4. CD collection
5. Favorite book
6. Movie collection
7. Jewelry and watches
8. Clothing
9. Video game console
10. Digital camera
1. Who should receive your assets? Use the space below to designate who would get each of the assets listed above and why?
1. Brother, family
2. Brother, family
3. Brother, family
4. Donate, not valuable and not used anymore
5. Donate, not valuable
6. Donate, not valuable and not used anymore
7. Divide between all of my family
8. Donate, not needed anymore
9. Brother, family
10. Brother, family
2. 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?
My father because he is the most trust worthy man that i know and will do anything of that nature if i asked him to.
3. Why do you think it is important to create a will?
That way when you die your family will know exactly what goes where and who all gets what was once mine.