The Science and Business of Life Expectancy: Part 4 - Your Life Insurance Policy
In this final lesson, students will use a life expectancy model to figure their likelihood of dying at a certain age
They will use this answer to calculate their best life insurance policy, and connect the science of life expectancy to other areas of society beyond life insurance.
This lesson is calculator-heavy. Best practice is for you to complete the calculations first. Recommend you do the connection and reflection exercise yourself on how science & business of life expectancy illuminate and cut across other parts of society, disciplines.
Lesson Plan Link/URL
https://docs.google.com/presentation/d/1O9Fkf6bvKwbH3JpXuaYtVJvur-bgpFBFKJ4_7If…Related Content
Students will orient to the varied rates of death that depend on age. They will learn how to check for conditions of valid sampling designs that let them use the Normal curve for modeling their sample
In this lesson two of four, students have to estimate and guess how much weight each of four factors has on a person's life expectancy, which often causes discomfort. They will ask you for direction
In this first of a four-part unit, students are introduced to the question under investigation: How much life insurance should I buy to cover myself when I am 45 years old? To answer this