• Home
  • About Me
  • Facing Financial Uncertainty
    • Making Ends Meet
    • Managing Debt
    • Create A Plan To Communicate with Your Creditors
    • Communicate With Your Creditors
    • Plan Your Spending
  • Financial Assessment
    • Assessing the Financial Costs of Using
    • Maintain Organized Financial Records
    • Manage Cash Flow and Build Net Worth
    • What Are My Life Needs?
    • Identify My Life Needs
    • Plan Your Spending
    • Use Credit Wisely
    • Maintain Adequate Insurance Coverage
    • Manage Savings and Investments Wisely
    • Criteria for Selecting Savings and Investments
    • Types of Savings and Investments
    • Maintain Your Pre-Retirement Lifestyle During Retirement
    • Pay Necessary Taxes But No More
    • Create and Maintain A Current Estate Plan
    • Own a Business – Practice Management Assessment
  • Financial Worksheets
    • Cost of Substance Use For One Year Inventory
    • My Life Needs
    • Cash Flow Inventory
    • Net Worth Inventory
    • Sources of Income Inventory
    • Spending Tracker Inventory
    • Types of Expenses
    • How Does My Spending Compare?
    • How Much Do I Owe – Debt Inventory
    • Insurance Inventory
    • Savings and Investment Inventory
    • Location of Important Records
    • Personal and Family Information
    • Professional and Personal Advisers
  • Moving Beyond Losses
    • My Life! Create-Fund- Enjoy
    • Use Family Genogram to Observe Family Functioning Patterns
    • The Decades of My LIfe And How They Have Shaped How I Do What I Do
    • How We Form What We Do
    • Subsystems of the Non-Physical Self
    • What Was My Part?
    • Use My Creative Capacity to Find My Way Through Any Difficulty
    • At Peace or Disturbed
    • Forming How We Meet Our Life Needs
    • Choices and Consequences
    • Not satisfied – what next?
  • About Addiction

Impact of Addiction on Family and Finances

Consciously Form What We Do To Create Positive Financial Outcomes

  • Home
  • About Me
  • Facing Financial Uncertainty
    • Making Ends Meet
    • Managing Debt
    • Create A Plan To Communicate with Your Creditors
    • Communicate With Your Creditors
    • Plan Your Spending
  • Financial Assessment
    • Assessing the Financial Costs of Using
    • Maintain Organized Financial Records
    • Manage Cash Flow and Build Net Worth
    • What Are My Life Needs?
    • Identify My Life Needs
    • Plan Your Spending
    • Use Credit Wisely
    • Maintain Adequate Insurance Coverage
    • Manage Savings and Investments Wisely
    • Criteria for Selecting Savings and Investments
    • Types of Savings and Investments
    • Maintain Your Pre-Retirement Lifestyle During Retirement
    • Pay Necessary Taxes But No More
    • Create and Maintain A Current Estate Plan
    • Own a Business – Practice Management Assessment
  • Financial Worksheets
    • Cost of Substance Use For One Year Inventory
    • My Life Needs
    • Cash Flow Inventory
    • Net Worth Inventory
    • Sources of Income Inventory
    • Spending Tracker Inventory
    • Types of Expenses
    • How Does My Spending Compare?
    • How Much Do I Owe – Debt Inventory
    • Insurance Inventory
    • Savings and Investment Inventory
    • Location of Important Records
    • Personal and Family Information
    • Professional and Personal Advisers
  • Moving Beyond Losses
    • My Life! Create-Fund- Enjoy
    • Use Family Genogram to Observe Family Functioning Patterns
    • The Decades of My LIfe And How They Have Shaped How I Do What I Do
    • How We Form What We Do
    • Subsystems of the Non-Physical Self
    • What Was My Part?
    • Use My Creative Capacity to Find My Way Through Any Difficulty
    • At Peace or Disturbed
    • Forming How We Meet Our Life Needs
    • Choices and Consequences
    • Not satisfied – what next?
  • About Addiction

Insurance Inventory

Click the links below to view examples of worksheets that you can use to inventory your insurance coverage. The worksheets allow you to assess your coverage to determine if you have enough to meet your needs if you have large financial losses. You may use these worksheets or whatever insurance assessment tools you have found that work for you.

Life  – I know how much life insurance coverage I have (cash value and face value).  I know how much I need.  Assume you will need 25% less income if the household breadwinner passes away to replace income, to cover funeral, pay burial expenses, to pay uninsured medical costs; to pay taxes; to pay outstanding debts; to pay for major goals such as college costs. 

My Life Insurance Worksheet

Disability– I know how much disability insurance coverage I have.  I know the benefits provided.  I have enough coverage to replace 60 to 70% of monthly income until eligible for retirement.

My Disability Insurance Worksheet

Health – I know how much health insurance coverage I have.  I know what benefits provided.  I pay insurance premiums when they are due.  I have an emergency reserve to meet my deductible, coinsurance amounts, and uninsured medical costs.  I keep track of what has been paid and has not been paid.  I keep medical records so I can appeal denied claims. If I don’t have health insurance, options for obtaining resources include: Medicaid, Medicare, Veteran’s Administration, Supplemental Security Income (SSI); charitable organizations, PeachCare for Kids Children’s Health Coverage Program – State of Georgia.  List dental and vision insurance if you have it.

My Health Insurance Worksheet

Long-term care – I have purchased or will consider purchasing long-term care insurance if I am in generally good health and have assets I would like to protect and pass on to heirs.  

My Long-Term Care Insurance Worksheet

Homeowner’s/renter’s – I have replacement cost coverage; separate coverage on appraised valuables; and an inflation guard. I have a household inventory with photos/videos.

My Homewoner’s Renters Insurance Worksheet

Automobile insurance – 100/300/50 liability coverage is recommended; the required amount varies by state law.  In Georgia, the required minimum is 25/50/25.  The first number, $25,000, is the maximum that would be paid for injury liability for one person in injured an accident.  The second number, $50,000, is the bodily injury maximum paid for all injuries in one accident. The third number, $25,000, is the property damage liability maximum that would be paid for property damaged in one accident. 

My Automobile Insurance Worksheet

Umbrella liability insurance – Consider purchasing umbrella liability coverage if liability coverage in your auto and homeowner’s policies is less than your net worth.

Search

About Esther

Esther Maddux

Hi! I’m Esther – Resource Management Consultant.  Join me in discussing family and financial issues related to substance abuse and addiction.

 

Esther Maddux Counseling Services

emaddux@addictionfamilyfinance.com
Hours - Please email to schedule an individual appointment
Proudly powered by WordPress | Theme: Doo by ThemeVS.