University of Illinois Extension

Introduction

Most people never develop a plan for managing financial risks.

You probably never sat down and actually developed a plan for dealing with those events that could pose financial risks to you or your family. Without a plan,

  • you may be over-insured in some areas and underinsured in others.
  • you may be unaware of the risks to which you are exposed.
  • you may be insuring risks that are more emotional than financial in nature.

What You Can Do on This Website

The purpose of this activity is to help you develop a personal risk management plan. To develop this plan, you will:

  • Identify those events which pose a financial risk to you or your family.
  • Iearn the four basic methods of managing risk.
  • Determine which methods you are currently using to manage your risks.
  • Identify gaps in your current risk management strategies.

You can always return to a previous step to review or revise your information by clicking on the buttons at the bottom of the page. At the end of the activity you'll print out your personalized plan.

Step 1