Florida B.E.S.T. MA.912.FL.4

MA.912.FL.4 is a B.E.S.T. standard. These are the benchmarks under it.

• MA.912.FL.4.1

  Calculate and compare various options, deductibles and fees for various types of insurance policies using spreadsheets and other technology.

• MA.912.FL.4.2

  Compare the advantages and disadvantages for adding on a one-time warranty to a purchase using spreadsheets and other technology.

• MA.912.FL.4.3

  Compare the advantages and disadvantages of various retirement savings plans using spreadsheets and other technology.

• MA.912.FL.4.4

  Collect, organize and interpret data to determine an effective retirement savings plan to meet personal financial goals using spreadsheets and other technology.

• MA.912.FL.4.5

  Compare different ways that portfolios can be diversified in investments.

• MA.912.FL.4.6

  Simulate the purchase of a stock portfolio with a set amount of money, and evaluate its worth over time considering gains, losses and selling, taking into accou...

01

What Students Need to Do

Students compare financial, investment, and insurance plans by weighing costs, risks, possible returns, access to money, and protection. They explain why one option may fit a person better than another.

02

What Mastery Looks Like

Students compare fees, premiums, deductibles, coverage, risk, return, and access to funds. They recommend a plan for a given person and explain the tradeoffs with evidence.

03

Common Misconceptions

Students may assume higher returns are guaranteed or that low premiums always mean lower total costs. They may overlook fees, deductibles, exclusions, risk, and limits on accessing money.

04

How to Assess It

Exit ticket: Jordan can invest $200 monthly in a 3% savings account or a stock fund with uncertain returns. Recommend one, then state one advantage and one disadvantage.

1. 01

   Give groups plan cards and event cards, then use play money to track premiums, deductibles, gains, losses, and access to cash.

2. 02

   Write which plan best fits a worker with irregular income, then support the choice with two benefits and one drawback.

3. 03

   Play Plan Match by pairing customer profiles with savings, investment, or insurance cards and defending each match for a point.

4. 04

   Have students compare two real insurance quotes or investment fee sheets and calculate each option's yearly cost.

• MA.912.FL.3.5

  Compare the advantages and disadvantages of using cash versus personal financing options.

• MA.912.FL.3

  Describe the advantages and disadvantages of short-term and long-term purchases.