What is Insurance? Insurance 101: Easy Peasy Finance for Kids and Beginners

This video answers the basic question “What is Insurance” in a simple, kid-friendly way.
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The video addresses the topics below:
– What is insurance
– What can be covered by insurance (car, house, life, etc)
– How does insurance work (pay premium and file a claim)
– How expensive is insurance, and what impacts the premium/rate
– Does the insurance premium change from time to time
– Impact of a claim on insurance premium
– How long is the insurance cover
– Who should buy insurance

Hope you like the video and stick around for more finance fun! And please let us know your thoughts (or a suggestion for a video) by leaving a comment!


What is Car Insurance or Auto Insurance: https://youtu.be/SYnKjo8nbpg

What is Life Insurance: https://www.youtube.com/watch?v=UT_rvhEIFbY

What is Health Insurance: https://www.youtube.com/watch?v=yHk2Ciug8_0

What is a Term Life Insurance: https://youtu.be/3HDaOeA3Fmw

What is an Annuity: https://youtu.be/rKwDXgqAUnI


Types of Insurance for Kids – Life, Health, Auto, Home, Travel, Etc: https://www.youtube.com/watch?v=z3NEM1HptqU&list=PLD1Hjcbe9g7oWADk8wesKmmBjl2bcSMRq

Key Personal Finance Terms for Kids: https://www.youtube.com/watch?v=mi0N0ZQtN4k&list=PLD1Hjcbe9g7qM1_HcgCIbA4b1V9VygbJN

All about Money for Kids: https://www.youtube.com/watch?v=WbRvCnsjLxU&list=PLD1Hjcbe9g7p1rYk37aaqpkZNHvq4MS5I

Introduction to Finance for Kids – Earning, Saving, Investing, Compound Interest, Inflation, Net Worth, Emergency Fund: https://www.youtube.com/watch?v=3wMITaE5_Qk&list=PLD1Hjcbe9g7opE4MnIRUhDEJSHdaG1vTE


For more details and transcript, please visit: https://www.easypeasyfinance.com/insurance-for-kids-financial-literacy/

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