Personal Finance (PLEASE HELP) If anyone uses Plato please help or if you have had this assignment please help.
Understanding Contracts
Understanding the various kinds of contracts such as insurance or estate planning can be
overwhelming. Which is why for this lab, you will be selecting one of the contract categories
discussed in the unit and creating a brochure that takes an in-depth look at it. You may
choose to create a brochure on Insurance or perhaps Estate Planning (which includes living
and last wills) for example.
While you have plenty of creative freedom in terms of how you will format your brochure, you
will need to make sure that it addresses whatever category of contracts you have selected. To
help you map out the information that you will need to include, use the following checklist to
guide your information gathering whether it be from the unit or from online research (likely a
combination of both)
An overall explanation of contracts
o 5 main elements of most contracts
• An overall description of the contract category you selected
o The purpose (in general) (the purpose of insurance or the purpose of estate planning)
o Why are these types of contracts important?
Who might need or use these types of contracts? Why?
. At least three examples of contracts that fall within this category (i. e Health insurance) with a detailed description of each
. Any other essential information that one might need to know about this particular category of contracts.
Your brochure should include a clear title, several images or graphics, and be organized into various sections. Imagine that this brochure could say on the counter at insurance agency or estate planning office and offer newcomers valuable information to get them started.