![\"\"](\"https:\/\/www.mymoneyblog.com\/wordpress\/wp-content\/uploads\/2025\/04\/carcrashlego.jpeg\")
<\/p>\n
It\u2019s been a while since my last update on my University of Georgia Self-Paced CFP class<\/a>. I admit that other things have taken priority and I haven\u2019t been keeping up. I\u2019ve started back up and will go back to providing a very high overview of what they cover alongs with a few details I found especially unique or interesting. (They give you two years to finish, and I have about 5 months left, so time to get on it!) <\/p>\n The next major topic<\/a> is Risk Management and Insurance Planning. Risk is defined as the possibility of loss. Risk management methods include reduction, avoidance, and transfer. Insurance is a way to transfer risk in exchange for money, although not all risk is insurable.<\/p>\n A lot of financial advice focuses on \u201coffense\u201d: maximizing income, minimizing expenses, and optimizing investments. But \u201cdefense\u201d is just as important, as it includes protecting from loss of future income and loss of existing assets.<\/p>\n Three main categories of \u201cPure Risk\u201d<\/strong> for individuals and families:<\/p>\n Social insurance<\/strong> from the government includes:<\/p>\n Commercially-available insurance<\/strong> that can help protect you from these risks include:<\/p>\n Types of personal liability insurance.<\/strong> <\/p>\n You may not need all of them individually, but some combination of these should work together to make sure there no holes. It\u2019s also possible that you may have duplicate coverage or otherwise too much<\/em> insurance.<\/p>\n Role of a financial planner.<\/strong><\/p>\n Example questions that a financial planner would discuss with clients about homeowner\u2019s coverage:<\/p>\n Photo by Matt Hudson<\/a> on Unsplash<\/a><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" It\u2019s been a while since my last update on my University of Georgia Self-Paced CFP class. I admit that other things have taken priority and I haven\u2019t been keeping up. I\u2019ve started back up and will go back to providing a very high overview of what they cover alongs with a few details I found […]<\/p>\n","protected":false},"author":1,"featured_media":215360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[3767,11034,5984,832,388,10922,11115],"dealstore":[],"offerexpiration":[],"class_list":["post-215359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-blog","tag-insurance","tag-management","tag-money","tag-notes","tag-planning","tag-risk"],"yoast_head":"\n\n
\n
\n
\n
\n
\n