This course is part of the The Fundamentals of Personal Finance Specialization

4.8
stars
16 ratings

Brian Walsh

3,211 already enrolled

Offered By

The Fundamentals of Personal Finance SpecializationSoFi

About this Course

7,543 recent views

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.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 5 of 5 in the

The Fundamentals of Personal Finance Specialization

Beginner Level

This course is for anyone with a desire to understand risk management as it relates to their personal finances and financial goals.

Approx. 6 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Skills you will gain

Estate Planning
Risk Management
Life Insurance
Health Insurance
Insurance

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 5 of 5 in the

The Fundamentals of Personal Finance Specialization

Beginner Level

This course is for anyone with a desire to understand risk management as it relates to their personal finances and financial goals.

Approx. 6 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.28/5 (7 Ratings)

Brian Walsh

Senior Manager, Financial Planner

14,455 Learners

3 Courses

Offered by

SoFi

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.

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

Syllabus - What you will learn from this course

Week1

Week 1

2 hours to complete

Understanding Basic Insurance Concepts

2 hours to complete

4 videos (Total 17 min), 9 readings, 4 quizzes

4 videos

When Insurance Makes Sense4mHow Health Insurance Works4mHow Common Health Plans Work4mChoosing the Right Type of Health Insurance4m

9 readings

Welcome to Risk Management in Personal Finance10mThe Role of Insurance in a Financial Plan5mWhat Types of Insurance Do You Need7mKey Considerations for Health Insurance7mA Deep Dive into Health Maintenance Organization (HMO) Plans4mA Deep Dive into Preferred Provider Organization (PPO) Plans5mA Deep Dive into High Deductible Health Plans (HDHP)5mA Deep Dive into Individual Health Insurance5mActivity - Evaluate Your Health Insurance15m

4 practice exercises

Different Types of Insurance3mThe Basics of Health Insurance3mComparing Different Types of Health Insurance5mUnderstanding Basic Insurance Concepts30m

Week2

Week 2

2 hours to complete

Protecting Against Death and Disability

2 hours to complete

6 videos (Total 34 min), 6 readings, 5 quizzes

6 videos

What Is Life Insurance and Why Do You Need It6mTerm vs Permanent Life Insurance4mHow Much Life Insurance Do You Need5mHow Life Insurance Needs Change Over Time9mWhat Is Disability Insurance and Why Do You Need It4mGroup vs Individual Disability Insurance4m

6 readings

Whole Life vs Term: Buying Term & Investing the Difference Part I5mWhole Life vs Term: Buying Term & Investing the Difference Part II5mActivity - Calculate Your Insurance Need10mShort vs Long Term Disability Insurance6mWhy the Definition of Disability Matters5mActivity - Evaluate Your Disability Insurance10m

5 practice exercises

Term vs Whole Life4mAmount of Life Insurance Needed3mThe Basics of Disability Insurance6mDifferent Types of Disability Insurance4mProtecting Against Death and Disability30m

Week3

Week 3

1 hour to complete

Insuring Your Home, Apartment, and Car

1 hour to complete

3 videos (Total 14 min), 4 readings, 5 quizzes

3 videos

The Basics of Homeowners and Renters Insurance4mThe Basics of Auto Insurance5mThe Basics of Umbrella Insurance3m

4 readings

Key Considerations for Homeowners Insurance Policies5mKey Considerations for Renters Insurance Policies5mChoosing the Right Deductible for You5mUmbrella Insurance Ins and Outs5m

5 practice exercises

Homeowners Insurance5mRenters Insurance3mAuto Insurance5mUmbrella Insurance3mInsuring Your Home, Apartment, and Car30m

Week4

Week 4

1 hour to complete

Implementing Basic Estate Documentation

1 hour to complete

1 video (Total 6 min), 5 readings, 3 quizzes

Reviews

4.8

5 reviews

5 stars
81.25%
4 stars
18.75%

TOP REVIEWS FROM RISK MANAGEMENT IN PERSONAL FINANCE

by TMSep 26, 2021

I thoroughly enjoyed taking this course along with the others within the specialization. The information provided has become very useful in both my professional and personal life.

by BWMar 7, 2023

Good learning about Insurance and some ways to mitigate issues in the future!

by LKOct 8, 2022

This is a comprehensive course and very helpfull !

View all reviews

About the The Fundamentals of Personal Finance Specialization

This Specialization is intended for anyone looking to take control of their finances. Through these five courses, you will cover a variety of personal finance topics, including budgets, investing, and managing risk. The readings, videos, and activities will prepare you to understand the current state of your money, as well as take actions to work toward your financial goals. This specialization is geared towards learners in the United States of America.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. 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. If you only want to read and view the course content, you can audit the course for free.
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.

More questions? Visit the Learner Help Center.

Build employee skills, drive business results

Discover Coursera for Business

Risk Management in Personal Finance

About this Course

Skills you will gain