3 Focus on YOU! Think about your daily life (driving, household, traveling, health) and the financial/health risk you face. Use the space below to 1) Q1 describe an example of a risk you face and what you do to protect yourself from that rik, and then 2) under Strategy/Severity/Frequency describe what you can do to manage the risk. Example: I have $1000 in my emergency fund in case I lose my cell phone 45678 1 2 3 5 9 10 === 11 Focus on YOU! Now suppose you are choosing health insurance for yourself. Based on your own situation, what is your annual medical cost =1 Q2 (low $2,000 or less in medical bills or high = $25,000 or more in medical bills each year), and which insurance would you choose based on your family, history, lifestyle, etc. (HMO vs PPO)? Why? Strategy Retain Severity of Risk Frequency of Risk Low Low +