What Comes After
Checks & Balances
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Insurance Practice
100

Your most EXPENSIVE option after graduating high school.

What is a private, 4-year university?

100

You are writing a check for $200 to pay for vet bills at Dr. Gonzales' Animal Clinic. This is what you would write on the line that says "pay to the order of."

What is "Dr. Gonzales' Animal Clinic"?

100
The amount of money you pay (usually monthly) to your insurance company.

What is a premium?

100

Another term for "trade school" or "technical school."

What is vocational school?

100

Adam pays $100 a month for his health insurance premium. Janet pays $300 for hers. This person will have a larger deductible to pay if they end up needing medical care.

Who is Adam?

200

This law allows service members and veterans to receive education benefits paid for by the government.

What is the G.I. Bill?

200

You are seventeen years old, and working a part-time job outside of school to save for a car. This is the kind of account you should open at your local bank. 

What is a savings account?

200

The amount of money you are expected to pay before your insurance coverage will kick in and cover more.

What is a deductible?

200

A person who relies on another person for paying for their lifestyle and accommodations.

What is a dependent?

200

The person on this list who is likely to have the HIGHEST auto insurance premium: 

1. Nora (85 years old, female, 1987 Nissan Sentra)
2. Grant (40 years old, male, 1999 Honda Accord)
3. Estevan (20 years old, male, 2020 Toyota Camry)

Who is Nora?

(Over 65, drives an old vehicle.)

300

A period of work with a professional mentor that includes structured training that focuses on mastering skills.

What is an apprenticeship?

300

You are twenty years old, and receive $10,000 inheritance from a family member. You would like to save up to buy a house, but need options to grow your savings. You might be helped by opening this kind of account.

What is a Certificate of Deposit (CD)?

300

A type of insurance that you are required to have, in Texas, for the safety of yourself and others.

What is auto insurance?

300

A person who is the recipient of a life insurance policy, or an inheritance.

What is a beneficiary?

300

Joey is in a car accident. His auto insurance policy has a deductible of $500, and a coverage limit of $10,000. His mechanic has estimated that the total price for rehabbing the car will be about $13,000. This is how much Joey will end up paying on his end for his car repairs.

What is $3,000?

400

If you want an option that is cheaper and quicker than college, but also might be a part of a collegiate degree, you might take this route.

What is a certification program?

400

This is a drawback to using check-cashing services outside of a bank, rather than working through direct deposit at your own bank.

What are transaction fees?

400

The point of insurance. 

What is "transferring risk"?
400

A type of bank account that combines elements of a checking and a savings account, with flexible deposit and withdrawal options, and the opportunity to earn interest.

What is a money market account?

400

In the same accident, Joey also broke a few ribs and had to stay overnight in the hospital. His health insurance policy has a deductible of $1,500 and a coverage limit of $5,000 for hospitalization. The total cost of the stay is $4,700. This is how much the insurance company is paying for Joey's accident.

What is $3,200?

500

You still want to go to college, but it's expensive. You might start out your college plan with this option. 

What is community college?

500

This might be a restriction on opening a bank account that would require you to save first.

What is a minimum deposit/minimum balance?

500

If you have asthma, this is a good choice of insurance to have. 

What is health insurance?

500

Charges that may be issued if you withdraw more money out of your account than you have available.

What is an overdraft fee?

500

The type of insurance that will base its premium payments off of age, tobacco use, family health history, hobbies, and occupation. 

What is life insurance?