Financial Building BlocksA Resource for

Sound Financial Strategies

Dr. Steven M. Hays

Personal Finance

Bishop Kearney High School

Insurance and Financial Services

Overview

• What is insurance?• Why is insurance important?• Types of insurance• How to determine your need for insurance• Q & A

A Full-Service

Team of

Professionals

Your Insurance Agency Team

• Insurance

• Income and spending

• Saving and investing

Building Blocks of a Sound Financial Program

What is Insurance?

• A promise of compensation for specific potential future losses in exchange for a periodic payment.

• Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.

Types of Insurance

• Auto, Home, Renters insurance

• Life insurance

• Health insurance

• Disability income insurance

Protecting Your Property

• Homeowners insurance

• Renters insurance

Is It Possible to Save on Auto Insurance?

To help your loved

ones maintain their

lifestyle in the event

of your death

Why Buy Life Insurance?

How Much Life Insurance Do You Need?

Types of Life Insurance

• Term

• Whole life

• Universal life

How Whole Life Insurance Works

You

FixedPremiums

Insurance Company

DeathBenefit

Beneficiaries

CashValue

$ $

Policy

$

Term or whole life insurance?

Which Should You Choose?

Insurance Action Plan

• Consider your life insurance needs

• Protect what you own with auto and homeowners/renters insurance

• Don’t overlook your other needs, including health insurance and disability income insurance

You Also Need to Think About...

• Health insurance

• Disability income insurance

Financial Building BlocksA Resource for

Sound Financial Strategies

Questions

Insurance and Financial Services