Insurance & Risk Management

Insurance & Risk Management

Insurance serves one essential purpose: transferring catastrophic financial risk away from you and onto an insurance company in exchange for a predictable, affordable premium. Used correctly, it protects everything you have built from events that would otherwise be financially devastating. Used incorrectly — buying the wrong type, too much coverage, or unnecessary riders — it becomes a significant and often invisible drain on your finances. This course teaches you how to use insurance as a precision tool, not a comfort blanket.

You will learn the core types of insurance a complete financial plan requires: health insurance and how deductibles, premiums, co-pays, and out-of-pocket maximums interact with each other; life insurance and why term insurance is the right choice for the vast majority of people; disability insurance, which protects your income — your most valuable financial asset — and is among the most under-owned coverage types; and auto, renters, and homeowners insurance with guidance on how to set deductibles correctly.

You will also learn about umbrella insurance for those who have accumulated meaningful assets, long-term care insurance for later-decade planning, and — critically — the cases where you do not need insurance at all. The guiding principle is simple: insure against losses you could not absorb yourself; self-insure against those you could. This course gives you the analytical framework to apply that principle to your own situation confidently.