Insurance + Risk Planning
Annual Risk Management Checklist (Insurance + Estate + Cash)
Risk management should be reviewed annually with the same discipline as investments. Coverage, legal readiness, and liquidity targets drift over time.
Annual insurance review
- Life, disability, home, auto, and umbrella limits.
- Deductibles and premium tradeoffs.
- Coverage changes needed after major life events.
Estate + liquidity review
- Update legal docs and beneficiaries.
- Confirm emergency reserve targets still fit current risk.
- Recheck account access and contingency instructions.
Practical move: A structured annual risk review can prevent small oversights from becoming major financial setbacks.
Checklist execution
- Run insurance and liability limit review.
- Audit legal and beneficiary documents.
- Recalculate reserve and continuity targets for the next 12 months.
Refresh Annual Liquidity Targets