What do you think about no smoking bans?

Financial Standards
​SS.912.FL.6.1:Describe how individuals vary with respect to willingness to accept risk and why most people are willing to pay a small cost now if it means they can avoid a possible larger loss later.
SS.912.FL.6.6:Explain that people can lower insurance premiums by behaving in ways that show they pose a lower risk.

Watch this NIE video of the week on smoking bans. Then read this Tampa Bay Times article on the new campus smoking ban at the University of South Florida. What do you think about the smoking bans? Why are some people willing to smoke and accept the risk? Why are people willing to pay for health insurance if they can avoid a larger loss later, especially if they participate in risky behaviors? Should smokers pay more for health insurance? Why or why not?

What about life insurance? Download the Life Insurance article below. How much more would a smoker pay than a healthy 30-year old woman for a $1 million policy with a 20-year-term? A healthy 30-year old man? A 45-year old woman for a $500,000 policy with a 30-year-term? How much more for a male smoker? What advice would you give to a male smoker who wants to lower his insurance premiums? 

life_insurance.pdf
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