Risk changes as our life changes. While a teenager might not need to get unemployment insurance, a 35-year-old head of a household might. Engaging in risky behavior might not seem like it is always a monetary choice but think about a ski trip: If you do dangerous jumps and need to be airlifted because of an injury, it is not just a physical risk, but someone has to pay for the helicopter. Learn more about risky situations in your everyday life, how to deal with risks, and the consequences of risky behavior. Insurance is a tool for risk protection: we provide tips on how to choose coverage. In a nutshell: read the fine print and only buy the coverage you need.
Risk Protection & Insurance Literacy
Self Learning
Reflect on risky behavior:
- Think about the good and bad consequences of risky behavior?
- How likely are the bad consequences to occur?
- Should you engage in risk mitigation strategies?
While there’s no right or wrong number of risks you should take, you should only take risks you’re comfortable with. For those that you aren’t willing to take there are risk management and risk hedging strategies, like insurance.
Test
How much risk should I take in life?
If you’re not quite ready yet, learn more about the importance of risk literacy.
Emergency Fund
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Next levels in your learning journey
Sustainability
Learn more about sustainability, which considers the needs of present generations, without compromising those of future generations.
Digitalization
Digitalization opened doors, not only for advancement and comfort, but also for dangers.
Introduction
Financial literacy is a tool to acquire knowledge and skills needed to make important financial decisions.
Consumption
Learn more about planning a purchase, dangers of over indebtedness, the tips and tricks of advertising, your consumer rights, and obligations.
Budgeting
One skill that is often overlooked but is crucial for financial wellbeing is budgeting.
Saving & Investing
Investing is one of the best ways to build wealth and save for your financial goals.
