Financial Vitals Check Part 4: Safety Net Check

<p>Life doesn&rsquo;t always go as planned. It&rsquo;s full of twists, turns, and curveballs. Cover all your bases in the event of a worst-case scenario because it can come out of left field. You never see it coming or know when something could happen.</p> <p>In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about performing a safety net check as part of your financial vitals.</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>What is a safety net check? Checking coverage for worst-case scenario</li> <li>When to plan for unexpected, unplanned events? Now&mdash;before it&rsquo;s too late</li> <li>What are the odds? Based on large groups of people, not individuals</li> <li>What&rsquo;s your other financial vitals? Safety net coverage takes more than assets</li> <li>Important Info: What to document/track for life, disability, other insurance policies</li> <li>Who is covered (insured)? You, your spouse, children, or beneficiaries</li> <li>Estate Plan: Who needs it and why? Indicates who handles and gets what</li> <li>What are worst-case scenarios? Unexpected death, disability, or emergency</li> <li>Is your safety net adequate? If not, increase or decrease coverage, reserves</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://financeforphysicians.co/2021/08/12/what-you-need-to-know-about-estate-planning/">What You Need To Know About Estate Planning</a></p> <p><a href="https://financeforphysicians.co/2021/12/02/financial-vitals-check-part-1-clarify-values/">Financial Vitals Check Part 1: Clarify Values</a></p> <p><a href="https://financeforphysicians.co/2021/12/09/financial-vitals-check-part-2-save-spend-give-ratio/">Financial Vitals Check Part 2: Save, Spend, Give Ratio</a></p> <p><a href="https://financeforphysicians.co/2021/12/16/financial-vitals-check-part-3-net-worth/">Financial Vitals Check Part 3: Net Worth</a></p> <p><a href="https://financeforphysicians.co/contact/">Contact Finance for Physicians</a></p> <p><a href="http://financeforphysicians.co">