Skip to content

Tools Lessons Paths Playbooks Method

Loading topics

Calm support, private progress, and practical next steps.

Tools Lessons Playbooks Flashcards Method Privacy Terms

© 2026 First Gen Finance

Topics
Insurance & Protection

Topic

Insurance & Protection

Protect yourself and your family with the right insurance coverage and avoid financial scams.

12 lessons·3 tools·8 key concepts

Key concepts

health insuranceCoverage that pays for medical expenses. Can be through employer, marketplace, Medicare, or Medicaid.life insuranceA policy that pays your beneficiaries when you die. Term life is temporary and affordable; whole life is permanent and expensive.term life insuranceLife insurance that covers a specific period (10-30 years). Much cheaper than whole life. Best choice for most people.premiumThe monthly amount you pay for insurance coverage, whether or not you use any services.deductibleThe amount you pay out-of-pocket before insurance kicks in. Higher deductible = lower premium, but more risk.copayA fixed amount you pay for a medical service. Example: $25 copay for a doctor visit regardless of total cost.beneficiaryThe person or entity who receives money from your life insurance, retirement accounts, or estate when you die.willA legal document specifying how you want your assets distributed when you die. Everyone with assets needs one.

Lessons

Insurance Deep Dive: What You Actually NeedProtectionBuilding7 min
Life Insurance Basics: Term vs. Whole LifeProtectionFoundations5 min
Estate Planning: Protecting What You've BuiltProtectionWealth5 min
Insurance 101: Protecting What MattersProtectionFoundations5 min
How to Spot Financial ScamsProtectionFoundations4 min
10 Money Mistakes (Almost) Everyone MakesProtectionFoundations5 min
Protecting Your Money and IdentityProtectionBuilding6 min
Estate Planning Beyond the Basics: Sophisticated StrategiesProtectionWealth11 min
Disability Insurance: Protecting Your Greatest AssetProtectionBuilding7 min
Umbrella Insurance: Extra Protection for Growing WealthProtectionWealth6 min
Understanding Homeowners Insurance: What's Actually CoveredProtectionFoundations5 min
Umbrella Insurance: Extra Protection for Your AssetsProtectionWealth6 min

Related tools

Scam Red Flag CheckerFoundationsIdentify predatory products and scams
Estate Planning ChecklistWealthEssential documents and decisions
Beneficiary AuditWealthReview and update beneficiaries

Explore more topics

Retirement Planning

Taxes

Credit & Debt

Budgeting & Saving