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How to Learn About Insurance Money: From Board Games

16 May, 2022

You want to know how to understand insurance, playing games might be the right answer. Surprisingly, board games are a great way to learn about money management, health insurance for beginners and other important financial concepts.

1. The Game of Life

The Game of Life, sometimes just called Life, is a popular board game that traces its roots back to the year 1860. It has been updated a handful of times over the last century and includes many fun lessons about money, insurance and planning for the future. You need to know how to understand insurance or teach your kids how to understand insurance, this game is perfect. It includes car insurance, life insurance, fire insurance and homeowners insurance, all essential parts of your family's financial plan.

2. Monopoly

Mostly kids in the United States get their first taste of real estate via Monopoly. This game teaches about real estate, mortgages, taxes and budgeting. You even gain insight into insurance through Community Chest and Chance cards that may require you to pay extra for properties or get a bonus from your life insurance proceeds.

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