Your financial security depends on how prepared you are for the risks life throws your way. Insurance, smart online habits, and knowing how to spot scams are your best defenses. Let’s test your knowledge and see where you stand!
More than 14 million people in the U.S. are victims of identity theft each year. But with the right habits, you can avoid becoming a statistic.
The amount you pay (monthly or annually) to maintain insurance coverage, regardless of whether you file a claim.
The amount you must pay out-of-pocket before your insurance coverage kicks in to cover the rest of a claim.
Missouri law requires all drivers to carry at least 25/50/25 auto insurance. Driving without it can result in license suspension and hefty fines.
Insurance companies set your premium based on factors like age, driving record, credit history, and even your ZIP code.
Want to go deeper? Why out-of-pocket maximums matter
Out-of-pocket maximums protect you from catastrophic medical bills. Once you hit this limit in a year, your insurance pays 100% of covered costs for the rest of the year—no matter how high your medical expenses go.
Review a sample email below and decide if it’s legitimate or a phishing attempt. Look for red flags like urgency or suspicious links.
- Check for spelling/grammar errors, urgent requests, and unknown senders.
- Hover over links (don’t click!) to see if the URL matches the company’s official website.
- Decide: Would you reply or click? Why or why not?
How might your daily habits—like using the same password everywhere—put your finances at risk?
What’s one step you could take this week to make your financial life more secure?
Why is it important to act quickly if you suspect your identity has been stolen?
Think about a time you or someone you know faced a financial risk (like a car accident, lost wallet, or scam attempt). What did you learn about protecting yourself? How would you handle it differently now?
Insurance is only for people with a lot to lose or lots of money.
Insurance makes sense for anyone who can’t afford to cover a big unexpected loss—like a car accident, stolen laptop, or medical emergency—so it protects everyone, not just the wealthy.
Even if attackers steal your password, they can’t access your account without the second factor.
Understanding and using insurance, strong online security, and fast responses to fraud are essential for protecting your money and your future.
- Insurance lets you transfer financial risk to protect your savings.
- Premiums and deductibles are not the same—know what each means.
- Online habits and quick fraud response are just as important as having coverage.
Which of the following is the BEST example of transferring financial risk?
Taylor has auto insurance with a $500 deductible. After an accident causing $3,000 in damage, how much will Taylor pay out-of-pocket for repairs?
What is the minimum required auto insurance liability coverage in Missouri?
Jordan’s auto insurance premium increases by $35 per month for 3 years after a speeding ticket. How much EXTRA will Jordan pay due to the ticket?
Maria has health insurance with a $3,000 deductible, 80/20 coinsurance, and an $8,000 out-of-pocket maximum. If surgery costs $20,000, what is the MOST Maria will pay out-of-pocket?
Which of these is the MOST common type of identity theft?
Which of the following is a RED FLAG that an email might be a phishing attempt?
Which password is the STRONGEST and most secure?
What is the primary benefit of enabling two-factor authentication (2FA) on your online accounts?
Emma finds a credit card was opened in her name. What should be her FIRST step?
Being proactive—by choosing the right insurance, using secure online habits, and knowing what to do if your identity is stolen—can save you thousands and give you peace of mind.