When you enroll in this course, you'll also be enrolled in this Specialization.
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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
Show info about module content
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
Protecting Against Death and Disability
Module 2•2 hours to complete
Module details
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
Show info about module content
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
Insuring Your Home, Apartment, and Car
Module 3•1 hour to complete
Module details
This module will help you understand the basics of homeowners, renters, auto, and liability insurance.
What's included
3 videos4 readings5 assignments
Show info about module content
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
Implementing Basic Estate Documentation
Module 4•1 hour to complete
Module details
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
Show info about module content
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
SoFi’s mission is to help people reach financial independence to realize their ambitions. And financial independence doesn’t just mean being rich - it means getting to a point where your money works for the life you want to live. Everything we do is geared toward helping our members get their money right. We’re constantly innovating and building ways to give our members what they need to make that happen.
When will I have access to the lectures and assignments?
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.
What will I get if I subscribe to this Specialization?
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.
Is financial aid available?
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.