Insurance & Protection
Protect yourself and your family with the right insurance coverage and avoid financial scams.
12 Lessons
3 Tools
8 Key Concepts
Key Concepts
health insurance
Coverage that pays for medical expenses. Can be through employer, marketplace, Medicare, or Medicaid.
life insuranceA policy that pays your beneficiaries when you die. Term life is temporary and affordable; whole life is permanent and expensive.
term life insuranceLife insurance that covers a specific period (10-30 years). Much cheaper than whole life. Best choice for most people.
premiumThe monthly amount you pay for insurance coverage, whether or not you use any services.
deductibleThe amount you pay out-of-pocket before insurance kicks in. Higher deductible = lower premium, but more risk.
copayA fixed amount you pay for a medical service. Example: $25 copay for a doctor visit regardless of total cost.
beneficiaryThe person or entity who receives money from your life insurance, retirement accounts, or estate when you die.
willA legal document specifying how you want your assets distributed when you die. Everyone with assets needs one.
Lessons
View allInsurance Deep Dive: What You Actually Need
Building7 min
Life Insurance Basics: Term vs. Whole Life
Foundations5 min
Estate Planning: Protecting What You've Built
Wealth5 min
Insurance 101: Protecting What Matters
Foundations5 min
How to Spot Financial Scams
Foundations4 min
10 Money Mistakes (Almost) Everyone Makes
Foundations5 min
Protecting Your Money and Identity
Building6 min
Estate Planning Beyond the Basics: Sophisticated Strategies
Wealth11 min
Disability Insurance: Protecting Your Greatest Asset
Building7 min
Umbrella Insurance: Extra Protection for Growing Wealth
Wealth6 min
Understanding Homeowners Insurance: What's Actually Covered
Foundations5 min
Umbrella Insurance: Extra Protection for Your Assets
Wealth6 min