Beginner: Managing Risk Course

Course Price

FREE

About the Course

The Managing Risk Course is designed for beginners to understand key concepts related to managing financial risk, including insurance, financial loss, and identity protection. This course follows the National Standards for Financial Literacy and aims to help participants make informed decisions to protect their health, wealth, and property against unexpected events.

Learning Objectives:

  • Understand how unexpected events can lead to financial loss and how planning can mitigate the effects.
  • Learn how insurance works as a financial product to protect against risk.
  • Understand key insurance terms and out-of-pocket costs.
  • Recognize methods to protect personal information from identity theft and safely manage finances.

Course Instructor

Moneyling Moneyling Author

Financial Loss and Unexpected Events – NS Managing Risk 8-1

Insurance as a Financial Safety Net – NS Managing Risk 8-2

Insurance Risk Pooling and Premiums – NS Managing Risk 8-3

Key Insurance Terms and Out-of-Pocket Costs – NS Managing Risk 8-4

Managing Risk Through Different Strategies – NS Managing Risk 8-5

Extended Warranties and Service Contracts – NS Managing Risk 8-6

Identity Theft Protection – NS Managing Risk 8-7

Course Price

FREE

Course Outline

  • Financial Loss and Unexpected Events – NS Managing Risk 8-1
    • Financial Impact of Unexpected Events – NS Managing Risk 8-1
    • Impact of Health or Property Damage: NS Managing Risk 8-1a
    • Planning to Reduce Financial Impact: NS Managing Risk 8-1b
  • Insurance as a Financial Safety Net – NS Managing Risk 8-2
    • Understanding Insurance and Premiums – NS Managing Risk 8-2
    • How Insurance Protects Against Loss: NS Managing Risk 8-2a
    • Consequences of Not Having Insurance: NS Managing Risk 8-2b
  • Insurance Risk Pooling and Premiums – NS Managing Risk 8-3
    • Risk Sharing Through Insurance – NS Managing Risk 8-3
    • Using Insurance to Share Financial Risk: NS Managing Risk 8-3a
    • Higher Premiums for High-Risk Individuals: NS Managing Risk 8-3b
  • Key Insurance Terms and Out-of-Pocket Costs – NS Managing Risk 8-4
    • Understanding Insurance Costs – NS Managing Risk 8-4
    • Out-of-Pocket Insurance Costs: NS Managing Risk 8-4a
    • Calculating Out-of-Pocket Costs: NS Managing Risk 8-4b
  • Managing Risk Through Different Strategies – NS Managing Risk 8-5
    • Risk Management Strategies – NS Managing Risk 8-5
    • Examples of Risk Management: NS Managing Risk 8-5a
    • Automobile Risk Management: NS Managing Risk 8-5b
    • Costs and Benefits of Cell Phone Insurance: NS Managing Risk 8-5c
  • Extended Warranties and Service Contracts – NS Managing Risk 8-6
    • Protection Through Extended Warranties – NS Managing Risk 8-6
    • Types of Purchases with Extended Warranties: NS Managing Risk 8-6a
    • Costs and Benefits of Extended Warranties: NS Managing Risk 8-6b
  • Identity Theft Protection – NS Managing Risk 8-7
    • Understanding Identity Theft – NS Managing Risk 8-7
    • Methods Used by Identity Thieves: NS Managing Risk 8-7a
    • Protecting Personal Information: NS Managing Risk 8-7b
    • Safe Financial Management with Mobile Technology: NS Managing Risk 8-7c
    • Course Review
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