Project 1 (5 points): Identity Theft

Go to:http://www.philadelphiafed.org/consumer-resources/publications/protecting-yourself-against-identify-theft.pdf

Please answer the following questions:

1.What is identity theft?

2.Describe at least 6 ways to minimize the risk of identity theft.

3.Describe the 5 things you should do if you suspect you have been the victim of identity theft.

Project 2 (4 points): Health Insurance Basics

Go to:https://www.policygenius.com/health-insurance/learn/health-insurance-basics-and-guide/

Please answer the following questions:

1.Who should buy health insurance?Why?

2.How long can you stay on your parent's health insurance plan (according to the law...not your parents)?

3.What is the public health insurance plan for low income families/individuals called?

4.What are deductibles?

5.What are co-pays?

6.What is co-insurance?

7.What are out-of-pocket maximums?

8.Name 2 preventative health care services that government-run marketplaces must offer at no cost.

Project 3 (3 points):Florida Auto Insurance Requirements

Go to: http://www.flhsmv.gov/ddl/frfaqgen.html

Answer the following questions:

1.What is the minimum dollar amount of insurance you must keep as long as you have a valid Florida license plate?

2.What is PIP (Personal Injury Protection)?Who is covered?

3.What is BIL (Bodily Injury Liability)?

4.What is PDL (Property Damage Liability)?

5.How long do you have to obtain the registration certificate and license plate when moving to the state (and starting a job or school)?

6.What happens if you do not maintain insurance on your vehicle?

Project 4 (3 points): Life Insurance

Go to: https://www.forbes.com/sites/timmaurer/2016/01/05/10-things-you-absolutely-need-to-know-about-life-insurance/#3ea3c3fe560c

Answer the following questions based on the article:

1.Why would you need life insurance?

2.What is the claim called for life insurance?

3.Who are the four primary players in a life insurance policy (describe each)?

4.Briefly describe the two broad varieties of life insurance.

5.By what amount (according to the article) should you multiply the wage earner's income to determine how much life insurance to obtain?

6.What is the process through which the insurance company classifies how much of a risk you are called?

Project 5 (5 points):Lowering Premiums

Do some research to find ways to lower your insurance costs.Find and describe at least 3 suggestions each for lowering premiums on

1.Homeowner's Insurance

2.Auto Insurance

3.Life Insurance

4.Health Insurance

Please provide your references. The URL is sufficient.