TEKS: Chapter 113. Social Studies See All Teacher Resources
113.49.c.12
(12) Insuring and protecting. The student identifies the costs and benefits of insurance for transferring risk. The student is expected to:
- (A) define insurance terminology, including premiums, deductibles, co-pays, and policy limits;
- (B) explain the costs and benefits of different types and sources of health insurance such as individual health plans, employer-provided health plans, and government-provided health plans;
- (C) explain the costs and benefits of disability and long-term care insurance;
- (D) explain the costs and benefits of life insurance, including term insurance and whole life insurance;
- (E) explain the costs and benefits of property insurance, including homeowner's and renter's insurance;
- (F) explain the costs and benefits of automobile insurance and factors that impact the price of insurance, including the type of vehicle, age and sex of driver, driving record, deductible, and geographic location; and
- (G) explain the costs and benefits of supplemental types of insurance such as extended warranties, mortgage protection life insurance, accidental death and dismemberment life insurance, car loan payoff coverage, debt cancellation coverage, and credit life coverage.