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Managing Risk

Managing Risk

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Here's how Managing Risk aligns with curriculum standards in Utah. Use the filters to change the location, set of standards, and grade level.

STRAND 4: Students will evaluate saving methods and investment strategies.

Standard 4: Understand the role of risk management in asset protection.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Managing Risk
Discuss risk management strategies, including acceptance, transfer, and reduction.
Discuss the purposes of insurance/risk management.
Define common insurance products and their purposes, such as automobile, health, homeowner/renter, whole/term life, and disability.
Define terms of a basic insurance policy, such as contract, limits of coverage, premium, deductible, grace period, and lifetime limit.

STRAND 5: Students will understand principles of personal money management, including budgeting and managing accounts, and the role and impact of credit on personal finance.

Standard 1: Identify and explain the process of budgeting based on projected income and expenses.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Managing Risk
Emphasize the importance of a goals‑based budget, including priorities such as pay yourself first, emergency/opportunity fund, insurance, and charitable or other voluntary contributions.