Protect Your Pay

Insurance

KAHOOT�VERSION

1. Disability insurance protects you by replacing:

1. your car in case of an accident
2. your pet's medical expenses in case it gets sick
3. your income in case you lose your job
4. your income in case you can no longer work due to injury

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

1. Disability insurance protects you by replacing:

• your car in case of an accident
• your pet's medical expenses in case it gets sick
• your income in case you lose your job
• your income in case you can no longer work due to injury

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

2. Which of the following professions may lead workers to get a high level of disability insurance due to the risky nature of their job?

1. Teachers
2. Firefighters
3. Accountants
4. Software engineers

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

2. Which of the following professions may lead workers to get a high level of disability insurance due to the risky nature of their job?

• Teachers
• Firefighters
• Accountants
• Software engineers

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3. True or false? Disability insurance only covers injuries that happen in your workplace.

1. True
2. False

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3. True or false? Disability insurance only covers injuries that happen in your workplace.

• True
• False

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4. Which factors can affect the cost of disability insurance?

1. Job title, favorite color, and favorite food
2. Amount of coverage, length of coverage, and types of disability included
3. Age, height, and weight
4. Marital status, number of children, and education level

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4. Which factors can affect the cost of disability insurance?

• Job title, favorite color, and favorite food
• Amount of coverage, length of coverage, and types of disability included
• Age, height, and weight
• Marital status, number of children, and education level

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5. What’s the average long-term disability insurance annual premium cost, according to the Council for Disability Awareness?

1. 1-3% of your annual income
2. 5-7% of your annual income
3. 10-15% of your annual income
4. 20-25% of your annual income

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5. What’s the average long-term disability insurance annual premium cost, according to the Council for Disability Awareness?

• 1-3% of your annual income
• 5-7% of your annual income
• 10-15% of your annual income
• 20-25% of your annual income

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PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

Do you think disability insurance will be an important part of your budget?

Why or why not?

PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Three Relevant Resources from NGPF:

• Intro to Insurance (Lesson)
• CARTOONS: Insurance Coverage (Activity)
• DEBATE: Should the Government Be Allowed to Require Insurance (Activity)

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References:

• Disability Statistics (Council for Disability Awareness)
• How Much Is Long-Term Disability? (Investopedia)
• Your most valuable workplace benefit may be the most overlooked (CNBC)
• The Top 5 Disability Insurance Trends to Watch for in 2023 (mgis.com)

PROTECT YOUR PAY MAY 5, 2023 EDITION | NEXT GEN PERSONAL FINANCE