So as to complete your financial planning you must size up and address your insurance needs. What you should do is to:

- read copies of all insurance policies
- check your insurance coverage! It may be accessible through your employer
- Make sure if your home or business is located in a community that takes part in the Federal Emergency Management Agency's National Flood Insurance Program.

Insurance is an important part of the financial plan. Its various types protect you in different ways against the cost of accidents, illness, disability, and death. The insurance decisions you make ought to be based on your family, age, and economic situation.

Here are some facts for you to keep in mind:
• A person owning a car should have auto liability insurance.
• Homeowner's insurance should provide coverage up to 80% of the cost of replacing your home, minus land and foundation.
• Life insurance is important for people who have families
• Long-term care insurance may be a necessity for older people as the long-term coverage of Medicare is often inadequate.

Things you should remember about:
• Calculating your life insurance income-replacement needs
• Preparing a list of each policy's expiration date
• determine its current replacement value and then make sure that your home insurance policy would provide enough money to rebuild.
• looking for long-term care insurance and disability insurance if you don't have them