Free Printable WorksheetSocial StudiesGrade 9Social Studies CurriculumEPF.9.18

9.18 Financial Risk, Insurance, and Consumer Protection Worksheet

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Worksheet Overview & Skills Covered

Core academic competencies and curriculum alignment

This Civics Social Studies worksheet provides structured practice on 9.18 Financial Risk, Insurance, and Consumer Protection. Students are guided through targeted exercises that build foundational understanding, computational accuracy, and critical thinking skills.

Financial Risk, Insurance, and Consumer Protection - Differentiate types of risk and insurance; evaluate policies, deductibles, and consumer protection mechanisms. (NSPFE 2021 Topic VI)

Whether you are an educator preparing classroom handouts, a tutor reinforcing weekly topics, or a parent supporting homeschool learning, this printable resource gives students the deliberate practice required to achieve subject fluency and master state standards.

Grade

Civics

Subject

Social Studies

Domain

Social Studies Curriculum

Formats

PDF & DOCX

Sample Practice Problems

Preview the types of problems and questions covered in this worksheet

Below are sample questions representative of the exercises included on this worksheet and related 9.18 Financial Risk, Insurance, and Consumer Protection skill assessments:

Problem 1Difficulty: Mastery

Diego is comparing two health plans and expects $12,000 in covered allowed charges this year (ignore copays). Plan A: $270/month premium, $3,000 deductible, 30% coinsurance after deductible, out-of-pocket max $7,000. Plan B: $390/month premium, $500 deductible, 20% coinsurance after deductible, out-of-pocket max $4,500.

Which plan has the lower estimated total annual cost (premiums + out-of-pocket) under these assumptions?

APlan A

BThey are equal

CPlan B

DCannot be determined because health costs are unpredictable

Solution & Explanation:Compute each plan’s out-of-pocket: deductible + coinsurance, capped by the out-of-pocket max. Plan A OOP = min($3,000 + 30%×($12,000−$3,000), $7,000) = $5,700. Plan B OOP = min($500 + 20%×($12,000−$500), $4,500) = $2,800. Add premiums: Plan A total $3,240 + $5,700 = $8,940; Plan B total $4,680 + $2,800 = $7,480. Choose the smaller total.

Problem 2Difficulty: Mastery

Priya relies on a job that pays $2,400 per month. Priya is considering disability insurance that replaces 60% of income if illness/injury prevents working.

About how much monthly benefit would this policy provide?

A$960

B$2,400

C$1,440

D$120

Solution & Explanation:Benefit = replacement rate × income = 60% × $2,400 = $1,440 per month.

Problem 3Difficulty: Mastery

Jules is deciding whether to buy an extended warranty-style protection plan for a phone. It costs $22 per month with a $500 deductible. There is an 8% chance of a $1,500 repair this year, and otherwise no repair.

Ignoring risk preferences, which option has the lower expected cost for the year?

ASkip the plan

BBuy the plan

CImpossible to tell without the brand name

DThey are equal

Solution & Explanation:Compute expected cost. With plan: premiums $264 plus expected deductible 8%×$500 = $40 → $304. Without plan: expected repair cost 8%×$1,500 = $120. Choose the smaller expected cost (noting some people still buy insurance to avoid large surprises).

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Frequently Asked Questions

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QWhat grade level and standards does this worksheet align with?

This worksheet is designed specifically for Civics Social Studies students. It aligns with educational standard EPF.9.18 (Grade 9 Social Studies practice focus: Financial Risk, Insurance, and Consumer Protection.).