Checklist #33 · Insurance
Insurance Coverage Review
Ensure adequate coverage across health, life, disability, auto, and property — and identify dangerous gaps before you need to file a claim.
20 action items~20 min to complete4 sections
0%
0/20
completed
completed
Overall progress0 of 20 items
❤️
Life Insurance
0/5 completed
Determine if you need life insurance (i.e., others depend on your income)Key
Calculate coverage needed: 10–12x annual gross income as a starting benchmarkAction
Confirm coverage type is term, not whole life, for pure income replacement needsWatch out
Verify current policy's level of premium period aligns with your dependent years
Check beneficiary designations are current on all policiesKey
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Disability Insurance
0/5 completed
Confirm you have long-term disability (LTD) coverage in placeKey
Verify LTD covers at least 60% of gross incomeWatch out
Check the elimination period (waiting period before benefits begin): 90 days is standard
Understand the definition of disability: 'own occupation' vs. 'any occupation'Key
Check if employer LTD is portable if you leave the companyAction
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1 in 4
workers will become disabled before retirement age (Social Security data)
90 days
median LTD elimination period — matching your emergency fund to this gap is critical
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Health Insurance
0/4 completed
Know your plan's deductible, out-of-pocket maximum, and premiumKey
Verify your key providers are in-network for the coming yearWatch out
Confirm you are maximizing HSA contributions if enrolled in an HDHPAction
Compare total annual cost of your plan: premium + expected out-of-pocket
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Auto & Property Insurance
0/6 completed
Verify auto liability coverage is at least 100/300/100Key
Confirm you have uninsured/underinsured motorist coverageWatch out
Review home/renters insurance for replacement cost vs. actual cash valueKey
Check whether your home coverage includes flood or earthquake riders if applicableWatch out
Verify your umbrella policy (if you have one) covers all underlying policies
Review renters insurance if you rent — often <$20/month for significant coverage