See all 9th-12th Grades Standards
Managing Risk

Managing Risk

Article
Try it Out

Here's how Managing Risk aligns with curriculum standards in Connecticut. Use the filters to change the location, set of standards, and grade level.

Financial Literacy Standards

9.2: Spending

12.1: A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Risk
12.1.b: Develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses.
12.1.c: Explain methods for adjusting a budget for unexpected expenses or emergencies.

9.5: Managing Risk

12.1: People vary with respect to their willingness to accept risk and in how much they are willing to pay for insurance that will allow them to minimize future financial loss.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Risk
12.1.a: Discuss whether a premium paid to insure against a crash that never happens is wasted.
12.1.b: Analyze the conditions under which it is appropriate for young adults to have life, health, and disability insurance.

12.2: The decision to buy insurance depends on perceived risk exposure, the price of insurance coverage, and individual characteristics such as risk attitudes, age, occupation, lifestyle, and financial profile.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Risk
12.2.a: Identify individual characteristics that influence insurance purchase decisions.
12.2.b: Recommend types of insurance needed by people with different characteristics.

12.7: Auto, homeowner's and renter's insurance reimburse policyholders for financial losses to their covered property and the costs of legal liability for their damages to other people or property.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Risk
12.7.a: Explain the primary types of losses covered by auto, homeowner's, and renter's insurance policies.