Insurance plays a big role in risk management for a personal financial plan. Out

Insurance plays a big role in risk management for a
personal financial plan. Outline an insurance plan for various stages of life.
Specifically address the following required elements:1. Explain risk management and its importance.2. Identify types of risk and how you can manage them.3. Determine appropriate insurance coverage by investigating options for
property and vehicle.4. Determine appropriate insurance coverage by investing options for life
health and disability.5. Explain tax implications of insurance (i.e. life insurance proceeds
healthcare reimbursement flexible spending accounts disability
premiums/proceeds)6. Explain insurance needs short-term intermediate-term and long-term based
on the development of your personal financial plan.