Instructor Comments: List all types of consumer insurance policies, explain importance and provide examples. 1. Types. Remember to list all types of insurance policies available. Part of taking this class is learning material that you may not have been familiar with before. Listing all the insurance types available with an explanation of what they cover allows you to demonstrate the depth of your knowledge. 2. Who would insure. As you are listing the insurance policies one by one, ask yourself - who would buy this policy? What type of insurance might be more appropriate for a young couple with a child? What type might be more appropriate for an older couple? 3. Importance. Use these critical thinking skills to provide examples of why insurance is important. What may happen if these individuals did not maintain insurance? Would the effect be financial, emotional, or both? Can their family be affected by a bad decision they made? These questions will put in focus the importance of insurance. (Assignment) Evaluate the following types of personal insurance: 1. Health insurance 2. Car insurance 3. Homeowners/renter- insurance 4. Life insurance