Identifying Your Insurance Needs: Checklist

As we once heard Donald Trump say “Protect the downside and the rest takes care of itself.” For this, unfortunately, you need insurance and some protective legal documents.

Determine what insurance protection you have and what you still need. You probably already know you need to have health insurance, in case you’re hospitalized, and life insurance to protect your family when you’re not around. But there’s more. Use the following checklist to determine how protected you and your family really are.

If there are any gaps, we’ll help you close them. In later discussion on “Protecting the Downside: Insurance and Other Safeguards,” we’ll give you a lot more detail about insurance and the legal documents you might want to consider.

Downside Preparedness Checklist
Individual Health insurance _______
Disability insurance _______
Long-term care insurance ______
Life insurance ______
Homeowners or rental insurance _______
Auto insurance _______
Will _______
Power of attorney _______
Healthcare power of attorney or surrogate _______
Guardianship papers for your children ________