Risk Management in Personal Finance
Ends soon! Keep adding new skills with 10,000+ programs for $239 (usually $399). Save now.
Risk Management in Personal Finance
This course is part of The Fundamentals of Personal Finance Specialization
Instructor: Brian Walsh
13,290 already enrolled
Included with
Details to know
17 assignments
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
There are 4 modules in this course
This course is primarily aimed at those who want to understand more about how they can protect their finances from unexpected events. Taught by a CERTIFIED FINANCIAL PLANNER™ Professional, this course covers the role insurance plays into your financial plan, including what kinds of insurance to explore, how to determine how much insurance you need, and how different kinds of insurance works. The course includes life insurance, health insurance, disability insurance, homeowners insurance, renters insurance, auto insurance, and umbrella insurance. You will also learn about estate planning, including the documents involved and special considerations for new parents.
This course helps you understand how protecting your money is an important part of financial planning. It is geared towards learners in the United States of America. It is part of The Fundamentals of Personal Finance specialization but can be taken as a standalone course as well.
This module will help you understand the different kinds of insurance and how they fit into a financial plan. It will also explore the specific kinds of health insurance.
What's included
4 videos9 readings4 assignments
4 videos•Total 17 minutes
- When Insurance Makes Sense•4 minutes
- How Health Insurance Works•4 minutes
- How Common Health Plans Work•5 minutes
- Choosing the Right Type of Health Insurance•4 minutes
9 readings•Total 63 minutes
- Welcome to Risk Management in Personal Finance•10 minutes
- The Role of Insurance in a Financial Plan•5 minutes
- What Types of Insurance Do You Need•7 minutes
- Key Considerations for Health Insurance•7 minutes
- A Deep Dive into Health Maintenance Organization (HMO) Plans•4 minutes
- A Deep Dive into Preferred Provider Organization (PPO) Plans•5 minutes
- A Deep Dive into High Deductible Health Plans (HDHP)•5 minutes
- A Deep Dive into Individual Health Insurance•5 minutes
- Activity - Evaluate Your Health Insurance•15 minutes
4 assignments•Total 41 minutes
- Different Types of Insurance•3 minutes
- The Basics of Health Insurance•3 minutes
- Comparing Different Types of Health Insurance•5 minutes
- Understanding Basic Insurance Concepts•30 minutes
This module will help you understand life insurance, including the different types and how to determine how much you need. It will also explore disability insurance.
What's included
6 videos6 readings5 assignments
6 videos•Total 33 minutes
- What Is Life Insurance and Why Do You Need It•7 minutes
- Term vs Permanent Life Insurance•4 minutes
- How Much Life Insurance Do You Need•5 minutes
- How Life Insurance Needs Change Over Time•9 minutes
- What Is Disability Insurance and Why Do You Need It•4 minutes
- Group vs Individual Disability Insurance•4 minutes
6 readings•Total 41 minutes
- Tips for Comparing Life Insurance Policies•5 minutes
- Term vs Whole Life Insurance•5 minutes
- Activity - Calculate Your Insurance Need•10 minutes
- Short vs Long Term Disability Insurance•6 minutes
- Why the Definition of Disability Matters•5 minutes
- Activity - Evaluate Your Disability Insurance•10 minutes
5 assignments•Total 47 minutes
- Term vs Whole Life•4 minutes
- Amount of Life Insurance Needed•3 minutes
- The Basics of Disability Insurance•6 minutes
- Different Types of Disability Insurance•4 minutes
- Protecting Against Death and Disability•30 minutes
This module will help you understand the basics of homeowners, renters, auto, and liability insurance.
What's included
3 videos4 readings5 assignments
3 videos•Total 14 minutes
- The Basics of Homeowners and Renters Insurance•5 minutes
- The Basics of Auto Insurance•6 minutes
- The Basics of Umbrella Insurance•3 minutes
4 readings•Total 20 minutes
- Key Considerations for Homeowners Insurance Policies•5 minutes
- Key Considerations for Renters Insurance Policies•5 minutes
- Choosing the Right Deductible for You•5 minutes
- Umbrella Insurance Ins and Outs•5 minutes
5 assignments•Total 46 minutes
- Homeowners Insurance•5 minutes
- Renters Insurance•3 minutes
- Auto Insurance•5 minutes
- Umbrella Insurance•3 minutes
- Insuring Your Home, Apartment, and Car•30 minutes
This module will help you understand the basics of estate planning, including the common documents associated with estate planning and the specific needs of new parents.
What's included
1 video5 readings3 assignments
1 video•Total 6 minutes
- The Basics of Estate Planning•6 minutes
5 readings•Total 25 minutes
- Does Everyone Need an Estate Plan?•5 minutes
- Does Everyone Need an Estate Plan?•5 minutes
- Do I Need a Trust?•5 minutes
- Estate Planning for New Parents•5 minutes
- Explaining Common Estate Documents•5 minutes
3 assignments•Total 41 minutes
- The Basics of Estate Documentation•6 minutes
- Estate Documentation Based on Situations•5 minutes
- Implementing Basic Estate Documentation•30 minutes
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Instructor
Explore more from Personal Development
- Status: Free Trial
Course
- Status: Free Trial
Course
- Status: Free TrialJ
John Wiley & Sons
Course
Why people choose Coursera for their career
Learner reviews
- 5 stars
76.56%
- 4 stars
18.75%
- 3 stars
3.12%
- 2 stars
0%
- 1 star
1.56%
Showing 3 of 64
Reviewed on Jun 18, 2024
Noted several inconsistencies between questions in quizzes where answers marked wrong were actually correct.
Reviewed on Mar 7, 2023
Good learning about Insurance and some ways to mitigate issues in the future!
Reviewed on Aug 12, 2024
I think this class is critical for information of providing strategies to identify, assess, and mitigate potential risks that could negatively impact their finances, health, and overall well-being.
Frequently asked questions
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
More questions
Financial aid available,