Create a free account to save your progress, earn certificates, and pick up where you left off.
Create Free Account Log InYour Financial Protection Checklist
Lock In What You've Built
What You'll Learn
- Review your insurance coverage and identify gaps
- Complete your estate planning document checklist
- Create your 6-month protection action plan
You've Learned How to Protect Your Financial Future
Over the past three modules, you've learned about the essential types of insurance, how to protect your income and assets, and the basics of estate planning.
Now it's time to put it all together and create your personal financial protection plan.
What You've Covered in This Course
- Module 1: Understanding financial risk and the role of insurance
- Module 2: Health insurance, auto insurance, and property insurance essentials
- Module 3: Life insurance, disability insurance, and estate planning basics
You now have the knowledge you need to protect everything you've worked for. The next step is taking action.
Your Insurance Coverage Review
Let's assess what you have and what you still need. Work through this comprehensive checklist.
1. Health Insurance
Health Insurance Checklist
✅ I have health insurance coverage
- I know my monthly premium: $_______
- I know my deductible: $_______
- I know my out-of-pocket maximum: $_______
- My current doctors are in-network
❌ I do NOT have health insurance
- Action required: Check employer coverage, Healthcare.gov, or Medicaid eligibility within 30 days
2. Auto Insurance
Auto Insurance Checklist
✅ I have auto insurance (or I don't drive)
- My liability limits are: _____/_____/_____
- My limits are at least 100/300/100 ☐ Yes ☐ No
- I have uninsured motorist coverage ☐ Yes ☐ No
- I have collision and comprehensive (if my car is worth protecting) ☐ Yes ☐ No ☐ N/A
❌ I drive but do NOT have adequate auto insurance
- Action required: Get quotes and purchase/increase coverage within 7 days (this is legally required)
3. Renters or Homeowners Insurance
Property Insurance Checklist
✅ I have renters or homeowners insurance
- My personal property coverage is: $_______
- My liability coverage is: $_______
- I have photos/videos of my belongings stored in the cloud ☐ Yes ☐ No
❌ I rent or own a home but do NOT have property insurance
- Action required: Get quotes within 14 days (renters insurance costs $15-30/month — don't skip this)
4. Life Insurance
Life Insurance Checklist
✅ I have life insurance (or I have no dependents)
- My coverage amount is: $_______
- This equals at least 10x my annual income ☐ Yes ☐ No
- My beneficiaries are current and correct ☐ Yes ☐ No
❌ I have dependents but do NOT have adequate life insurance
- Action required: Calculate coverage needed (10-12x income), get term life quotes within 30 days
5. Disability Insurance
Disability Insurance Checklist
✅ I have disability insurance through my employer or a private policy
- Short-term disability: ☐ Yes ☐ No
- Long-term disability: ☐ Yes ☐ No
- Benefit amount: ____% of my salary
❌ I do NOT have disability insurance
- Action required: Check employer benefits. If not available, get quotes for individual long-term disability within 60 days
Your Estate Planning Document Checklist
Now let's make sure you have the essential legal documents in place.
| Document | Status | Action Needed |
|---|---|---|
| Last Will and Testament | ☐ Complete ☐ Needs update ☐ Don't have | Create or update within 60 days |
| Power of Attorney (Financial) | ☐ Complete ☐ Needs update ☐ Don't have | Create or update within 60 days |
| Living Will / Advance Directive | ☐ Complete ☐ Needs update ☐ Don't have | Create or update within 60 days |
| Healthcare Proxy | ☐ Complete ☐ Needs update ☐ Don't have | Create or update within 60 days |
| Beneficiary Designations | ☐ All current ☐ Need review | Review all accounts within 30 days |
Priority: Get Your Estate Documents in Order
If you don't have these documents, use an online service like LegalZoom or Trust & Will (costs $100-300 for basic package) or consult an estate planning attorney if your situation is complex.
Don't delay this. Accidents and illnesses don't wait for convenient timing. Protect your family now.
Beneficiary Update Action Items
One of the fastest and easiest protection steps you can take is reviewing and updating your beneficiaries. Do this today.
Review Beneficiaries on These Accounts
For each account, verify the beneficiary is correct and up-to-date:
- Life insurance policies: Primary and contingent beneficiaries
- 401(k) or workplace retirement plan: Primary and contingent beneficiaries
- IRA accounts: Primary and contingent beneficiaries
- Bank accounts with TOD/POD: Verify correct person listed
- Investment/brokerage accounts with TOD: Verify correct person listed
Common mistakes to fix:
- Ex-spouse still listed (update to current spouse or children)
- No contingent beneficiary listed (add one in case primary beneficiary dies first)
- Minor children listed directly (consider a trust instead)
- Beneficiary has died (update to new person)
Your 6-Month Financial Protection Action Plan
You don't have to do everything at once. Here's a realistic timeline to get fully protected over the next six months.
Months 1-2
Click for action items
Months 1-2: Critical Coverage
Priority: Get the essentials in place
- Enroll in or review health insurance
- Purchase or increase auto insurance to recommended levels (100/300/100)
- Buy renters or homeowners insurance (if you don't have it)
- Review and update all beneficiary designations
Goal: Core insurance protection in place
Months 3-4
Click for action items
Months 3-4: Income Protection
Priority: Protect your earning power
- Research and purchase term life insurance (if you have dependents)
- Enroll in employer disability insurance or get quotes for individual policy
- Review life insurance coverage amount — is it adequate?
Goal: Income replacement protection secured
Months 5-6
Click for action items
Months 5-6: Estate Planning
Priority: Legal documents and legacy planning
- Create or update your will (online service or attorney)
- Create power of attorney and living will/advance directive
- Organize important documents (insurance policies, titles, deeds) in one secure location
- Have a conversation with family about your wishes
Goal: Complete estate plan in place
Create Your Personal Action Plan
Based on your coverage review above, write down your top 3 priorities and set deadlines.
My Top 3 Financial Protection Priorities
1. ________________________________
Deadline: __________
2. ________________________________
Deadline: __________
3. ________________________________
Deadline: __________
Set reminders in your phone or calendar for these deadlines. Make this a commitment to yourself and your family.
Resources to Help You Take Action
Here are trusted resources for each type of protection:
| Protection Type | Recommended Resources |
|---|---|
| Health Insurance | Employer benefits, Healthcare.gov, state Medicaid office |
| Auto Insurance | Geico, State Farm, Progressive, Allstate (get 3+ quotes) |
| Renters/Homeowners | Lemonade, State Farm, Allstate, Liberty Mutual |
| Life Insurance | Policygenius, Haven Life, employer group life, Bestow |
| Disability Insurance | Employer benefits, Guardian, Principal, MassMutual |
| Estate Documents | LegalZoom, Trust & Will, Nolo, or local estate planning attorney |
You're Ready to Protect Your Future
You now have the knowledge and the plan. The only thing left is action.
Congratulations on Completing This Course!
You've learned how to protect yourself, your income, your assets, and your loved ones from financial disaster. That's no small thing.
Insurance and estate planning aren't exciting topics — but they're essential. By taking the steps outlined in this course, you're building a safety net that protects everything else you're working toward.
Your next step: Choose one item from your action plan and complete it this week. Then move to the next. Progress, not perfection.
You've got this.
Final Reminder: Review Annually
Financial protection isn't "set it and forget it." You should review your coverage and documents at least once a year, and always after major life changes:
- Marriage or divorce
- Birth or adoption of a child
- Buying a home
- Significant income change
- Death of a beneficiary or designated agent
- Starting a business
Set an annual "financial protection review" date in your calendar right now. Many people do this on their birthday or January 1st.
Take the Final Assessment
Ready to test your knowledge? The final assessment will cover all four modules and help reinforce what you've learned.
After you pass the assessment, you'll receive your course completion certificate for Course 6: Protect Your Future - Risk Management and Insurance.
Next Step: Complete the Final Assessment
Click "Continue" below to take the final assessment quiz. You'll need to score at least 80% to pass, but you can retake it as many times as needed.
Good luck — you've learned a lot, and you're ready for this!