Standards - Career & Technical Education

Identify and communicate factors that could invalidate coverage or increase the premiums charged for coverage.

Compare and contrast Medicare and Medicaid.

Compare and contrast the different types of Medicare supplements, including costs and benefits.

Explain factors that influence health and life insurance costs and eligibility.

Research and share information on group and individual health insurance policies and coverage options.

Write an argument for or against purchasing coverage for a single illness or condition.

Compare and contrast insurance coverage options for domestic and foreign travel.

Outline the steps in applying for life insurance.

Examine actuarial tables to interpret premium rates.

Analyze the costs and benefits of term and permanent life insurance, including the cost of premiums, dividends, accumulation of cash value, tax treatment of death benefits, and protection of death benefits from creditors.

Explain the role of life insurance in investment and estate planning.

Research the need for long-term care policies and their benefits.

Calculate the amount of life insurance recommended for several different scenarios using a needs approach and an earnings multiple approach.

Select a policy for a particular scenario and justify your decision using mathematical and/or personal evidence.

Explain the certification and/or state insurance license requirements for individuals who wish to sell life and health insurance products and services.

Discuss the implications of illegal or unethical insurance practices as related to health, life, and disability insurance.

Incorporate safety procedures in handling, operating, and maintaining tools and machinery; handling materials; utilizing personal protective equipment; maintaining a safe work area; and handling hazardous materials and forces.

Demonstrate effective workplace and employability skills, including communication, awareness of diversity, positive work ethic, problem-solving, time management, and teamwork.

Explore the range of careers available in the field and investigate their educational requirements, and demonstrate job-seeking skills including resume-writing and interviewing.

Advocate and practice safe, legal, responsible, and ethical use of information and technology tools specific to the industry pathway.

Participate in a Career and Technical Student Organization (CTSO) to increase knowledge and skills and to enhance leadership and teamwork.

Discuss and demonstrate ways to value diversity.

Analyze and interpret financial data pertaining to cost-benefit analysis of a business decision.

Create charts, graphs, and tables using financial data.

Analyze budgets and financial data to determine future financial needs.

Determine and analyze cash flow and profit margin, and perform cost-benefit analysis.

Explain financial management as it relates to income, savings, and investment opportunities.

Describe how a financial business benefits from the organizing management function.

Explain how managers use financial information.

Evaluate risk management options available to consumers and entrepreneurs for protection against financial loss.

Analyze the risks, interest rate returns, and liquidity of various types of savings and investments.

Research and develop diversification strategies to reduce long-term risk and improve return on investment.

Organize and effectively communicate financial information in terms clients can readily understand.

Apply organizational skills to manage financial operations.

Explain how agencies that regulate national and international financial markets protect investors.