Wissen-Haus Youth Empowerment Foundation

Learning Objectives

Understand key types of insurance
Assess what insurance you actually need
Avoid common insurance mistakes

Insurance is financial protection against catastrophic loss. Learn the types of insurance that matter—health, life, and property—and how to assess what you genuinely need without overpaying.

Module Quiz

1. Insurance works on the principle of:

Making insurance companies richPooling risk across many people so no individual faces catastrophic loss aloneGuaranteed payouts for everyoneSaving money for future expenses

2. Health insurance is important because:

It is required by law everywhereMedical emergencies can be financially devastating without coverageYou will definitely get sickIt is cheap and easy to afford out of pocket

3. When evaluating an insurance policy, you should check:

Only the monthly premiumCoverage limits, exclusions, deductibles, and the reputation of the insurerOnly the brand name of the insurance companyNothing—all policies are the same

Module 8: Insurance Essentials