Insurance is a means of protection from financial loss.

Different types of insurance

Financial education

Taxation

Inflation

In this unit we explore the essentials of insurance, how taxation works, and the effects of inflation on personal finances.

Tax, insurance and inflation

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

Laura wants to insure her phone. Her phone costs £129. The first insurance deal costs £7/month and lasts 24 months. In total, how much will it cost to insure the phone?

Laura wants to insure her phone. Her phone costs £129. The first insurance deal costs £7/month and lasts 24 months. When will she have paid more for insurance than the cost of the phone?

Laura wants to insure her phone. Her phone costs £129. The second insurance deal costs £8.50/month and lasts 18 months. In total, how much will it cost to insure the phone?

Laura wants to insure her phone. Her phone costs £129. The second insurance deal costs £8.50/month and lasts 18 months. When will she have paid more for insurance than the cost of the phone?

Laura wants to insure her phone. Her phone costs £129. The third insurance deal costs £7.90/month and lasts 15 months. In total, how much will it cost to insure the phone?

Laura wants to insure her phone. Her phone costs £129. The third insurance deal costs £7.90/month and lasts 15 months. When will she have paid more for insurance than the cost of the phone?

A {{}} is the product of a number and an integer.

The lowest {{}} multiple is the lowest number that is a multiple of two or more numbers.

What is the lowest common multiple of 4 and 6?

What is the lowest common multiple of 12 and 204?

What is the smallest multiple of 3 that is also bigger than 100?

What is the smallest multiple of 7 that is also bigger than 100?

This lesson was made for home learning during the pandemic.

Different types of insurance

Lesson outcome

Content guidance

This lesson was made for home learning during the pandemic.