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


Long Term Disability Insurance:

Long Term Disability Insurance will cover a disability to you so that some portion of lost income can be maintained over the long term if you should become disabled.  Often both short and long term disability insurance are offered, but short term disability insurance is often not necessary for those who have a strong Personal Reserve Fund.  The best place to buy Long Term Disability Insurance is at work if offered, or through trade organizations or other pools of which we may be a part. If none of the above is possible, it can be purchased independently, though it may be more expensive. 

Next, consider Long Term Care Insurance (if over age 59).

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