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1. Protecting against risk


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Protecting against risk. “What updates should I make to my insurance plans?”

When having and raising a child there are some major financial risks that parents need to protect against. These risks include: illnesses and health issues, interruption of income due to disability, and loss of income should a bread winner die.

The following subtasks may assist you in protecting against risk. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Obtain the right health insurance

Subtask 2: Protect your income through disability income insurance

Subtask 3: Provide income for your family should you die


Having a Child Tasks

1. Protecting against risk
2. Updating your estate plan
3. Arranging child care
4. Revising your spending plan
5. Saving for your child’s education

Protecting against risk Subtasks

1. Obtain the right health insurance
2. Protect your income through disability income insurance
3. Provide income for your family should you die

Permanent link to this article: http://napfafoundation.org/financial-help/having-a-child/1-improving-your-protections-against-risk-through-insurance/