The Financial Checklist Plan
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  • Today's Average Financial Picture
  • Why Learn the Financial Checklist Plan?
  • Past, Present, Future
  • THE Financial Checklist Plan
  • 1. Personal Reserve Fund
  • 2. Eliminate Personal Debt
  • 3. Insuring We're Properly Insured
  • 4. Saving for Retirement and College
  • 5. Paying Off Cars and Homes
  • 6. Building Wealth and Giving and Living Graciously
  • Financial Checklist Blog

Financial Checklist Plan Part 3:
Insuring We're Properly Insured

The Financial Checklist Plan: Insurance Checklist

Insurance You Need

Health Insurance
Term Life Insurance
Auto Insurance
Homeowner's Insurance / Renter's Insurance
Umbrella Policies
Long Term Disability Insurance
Long Term Care Insurance (if over 59 years old)
Identity Theft Insurance

Insurance You Don't Need

Life Insurance that is not Term Insurance
Disease Care Insurance (Cancer, Heart Attack, etc)
Private Mortgage Insurance
Extended Warranties
Water Line Coverage
Credit Card Insurance
Mortgage Life Insurance
Accidental Death Insurance


Identity Theft Insurance:

Identity Theft is rampant in our culture today.  As recent stories of data theft from Target and Neiman Marcus have shown, your identity can be compromised quite simply and sometimes without your being aware until it is too late.  Cleaning up instances of Identity Theft is an incredible hassle and is often a long and painful process.  Identity Theft Insurance  will cover the costs associated with cleaning up an identity theft situation if you should ever experience this.  It essentially pays for a dedicated counselor to clean up your financial records if your identity should be stolen.  It is not unusual to take up to 600 hours to clean up an identity theft situation.  This is usually very inexpensive insurance and often can be simply added to your homeowners policy.  As an example, a recent Financial Checklist Plan follower purchased $25,000 of coverage through their homeowners insurance provider for $11 a year.  If you ever have to deal with Identity Theft, you'll gladly thank us for having recommended this coverage if you purchased it!

As you've considered the insurance you do need, please take time to consider also the insurance types you don't need. 

LifeLock Ultimate

#1 in Identity Theft Protection

A Little Background

Today's Average Financial Picture
Why Learn the Financial Checklist?
Learning from the Past
Remaking the Present
Owning the Future

The Financial Checklist

Creating a Personal Reserve Fund
Eliminating Personal Debt
Insuring We're Properly Insured
Saving for Retirement and College
Paying Off Cars and Homes
Building Wealth, Giving and Sharing

Checklist Execution

Visioning a Different Future
Committing to Change
Investing Wisely