- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Summary
The insurance industry is always changing, and it can be a challenge to understand the many insurance products available. Each of the many products that the insurance industry offers has unique benefits and costs. Understanding what Church leaders have said regarding insurance will help you realize the importance of insurance as part of your personal financial plan and your family’s financial plan. If you understand how insurance can help you, you will be better prepared for the challenges that may occur in your life. Finally, by understanding and applying the principles of insurance planning as they are outlined in this section, you can make sure the products you choose are the products that will most likely help you achieve your personal goals.
Now that you have completed this section, ask yourself the following questions:
- Do I understand what Church leaders have said regarding insurance?
- Do I realize the importance of insurance?
- Do I understand the key principles of insurance planning?
If you can answer yes to each of these questions, you are ready to move on to the next section!
