• Latest

Tips for parents on how, and why, to talk to kids about insurance

January 15, 2014
Central Vermont Home Health & Hospice, Good Samaritan Haven, & People’s Health & Wellness Clinic Collaborate to Offer Free COVID Surveillance Tests to Homeless Central Vermonters

Central Vermont Home Health & Hospice, Good Samaritan Haven, & People’s Health & Wellness Clinic Collaborate to Offer Free COVID Surveillance Tests to Homeless Central Vermonters

April 13, 2021

GOP Petition Opposes Service Tax

April 13, 2021
Ahhh…The Aroma! 802 Coffee Comes to Barre

Ahhh…The Aroma! 802 Coffee Comes to Barre

April 13, 2021

Night of the Living Dead (1968)

April 13, 2021
Just Some Thoughts

Hoeing Out, and other Signs of Spring

April 13, 2021

VT Organizations Partner to Present “The People’s Law School”

April 6, 2021

NRRA “Recycling with Results” Virtual Conference

April 6, 2021

PoemCity 2021

April 6, 2021

Sound of Metal

April 6, 2021
Mayor’s Report – September 2019

Mayor’s Report – March 2021

April 6, 2021

Coronavirus Legislation Benefits both Restaurants and Business Owners with 2-Year 100% Tax Deductible Dining Expenses

March 30, 2021

IRS and Vermont Extend April 15 Income Tax Deadline to May 17

March 30, 2021
  • Home
  • Disclaimer
  • Privacy
  • Sitemap
Friday, April 16, 2021
The World Online
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
    • Weddings & Engagements
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
    • Weddings & Engagements
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
The World Online
No Result
View All Result

Tips for parents on how, and why, to talk to kids about insurance

by
January 15, 2014
in Family
0

When it comes to financial literacy, parents know it’s important to give kids the knowledge and skills they need to manage money. In fact, 81 percent say it’s their responsibility as parents to teach children about money and saving, according to a 2012 survey by the website DoughMain. While you’re teaching children about smart spending, saving and credit management, don’t forget to discuss another important aspect of financial health: insurance.

“Parents should explain insurance in terms kids can relate to. They can explain how insurance is like a protective bubble they can put around the things that are important to them, like a beloved pet, their cellphone or their home,” says Robert B. Pollock, president and CEO of Assurant Inc.

The leading provider of specialty insurance recently began sponsoring an “insurance store” at the Junior Achievement Discovery Center in Atlanta, where students learn important financial literacy and entrepreneurial skills. Assurant is a founding partner in the 50,000-square-foot center, which opened in August.

“A key cornerstone of Junior Achievement is to ensure that students can understand and apply basic personal financial concepts. Having a solid understanding of personal finance is a critical factor for success in today’s world, and that’s important not just for our schools, but for parents too,” says Jack Harris, president, Junior Achievement of Georgia.

While parents may be confident about the value of insurance in their own lives, it can be difficult to communicate such complex matters to children. In creating their Junior Achievement “store,” the insurance pros at Assurant focused on ways to connect with kids about how insurance works and why it’s important:

* Put things in terms kids can understand. Assurant likened insurance to a protective bubble, to give kids a cartoon-like visual that helps them comprehend the function of insurance.

* Look for relatable examples, such as recognizable celebrities who have insured themselves. For example, a model’s legs, a basketball player’s hands or a quarterback’s throwing arm.

* Discuss protecting things that matter to them, such as a pet (pet health insurance), their home or the family car that takes them to school, soccer practice and the movies.

* Put insurance’s impact in perspective. Explain that insurance helps pay to replace things that get lost or damaged, and point to an example your child has experienced. Kids may not understand loss from fire damage or theft, but most children have cried over a broken or lost toy. Discuss how much easier it would have been to replace that item if someone had given them money toward the cost.

* Explain how different things require different kinds of insurance because we have different reasons for wanting to protect those things. For example, if something happened to our house or car, we would want to be able to fix or repair it. In the case of our health, we want to make sure we stay healthy and prevent problems.

* Be sure to talk about consequences, and why not having insurance is a bad idea. Revive the lesson of the lost or broken toy. Without insurance, we may not be able to pay to repair or replace important things. And while your child learned to live without the toy, we can’t make do without our home, transportation or health.

Finally, look for hands-on learning opportunities in your area. The Junior Achievement Discovery Center in Atlanta hosts 30,000 students a year, but every day brings opportunities to think about protecting the things that matter to kids.

“Experiential learning is a cornerstone of successful financial education; we use it in our own training programs to help employees gain skills and take on broader responsibilities,” Pollock says. “The JA Discovery Center exemplifies these principles and is a great example of how we can support financial education and help people protect what’s important to them. Students will come away understanding the role insurance plays in everyday life – and have some fun in the process.”


Tags: aboutinsurancekidsparentstalktips
Previous Post

Las madres siguen valorando los juguetes tradicionales en plena era digital

Next Post

Job searching skills to help boost confidence

Next Post

Job searching skills to help boost confidence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This Week’s Ads

  • Home
  • About Us
  • Disclaimer
  • Privacy
  • Sitemap
The World
403 US Route 302
Barre, VT 05641
Phone: (802) 479-2582

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

No Result
View All Result
  • Art Exhibits
  • Audit and Reader Surveys
  • Births
  • Calendar
  • Contact Us
  • Daily Horoscope
  • Fall Dining Guide
  • Food & Recipe
  • Home
  • Obituaries
  • Ongoing Events
  • Pay Your Bill Here
  • Senior Living Edition
  • Showtimes
  • Submit Birth Announcement
  • Submit Calendar Listing
  • Submit Engagement Announcement
  • Submit Listing to our Local Directory
  • Submit Sports News/Photo
  • Submit Wedding Announcement
  • Testimonials
  • The World Coupons
  • Weather Forecast
  • World Deadlines
  • World Distribution Map
  • World Rate Card
  • World Rates and Ad Sizes
  • Disclaimer
  • Privacy
  • Sitemap
  • About Us
  • Vermont Lottery
  • Advertising Information
  • The World Staff
  • Advertising Inquiry
  • Submit Letter To The Editor
  • Local Directory
  • Poll Results
  • Local Deals
  • Classifieds
  • Submit An Article To The World
  • Events
  • The World – This Week’s Online Digital Edition
  • The World Auto & Sports

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In