Personal Risk Management Course Project

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| Personal Risk Management | Course project- Risk and Insurance | | BY Donna Hill Spence | 12/15/2012 | | TABLE OF CONTENTS: * Introduction………………………………………. Pg 3 * Life ………………………………………………. Pg 3 * Health …………………………………………… Pg 4 * Disability ………………………………………… Pg 5 * Retirement ……………………………………….. Pg 6 * Rental/Homeowner ……………………………… Pg 7 * Auto …………………………………………… Pg 7 * Conclusion……………………………………. Pg 8 * References……………………………………. Pg 9 INTRODUCTION Almost all of the things that we do at work involve risk of some kind, but it can sometimes be challenging to identify risk, let alone to prepare for it. From the time that we wake up…show more content…
A study was conducted by USAA, a major insurer of military families, on the number of accidents involving troops returning to the US after deployment. The study revealed that members of the United States military returning to the States within six months from deployment had an increased likelihood of causing automobile accidents. Analysts suspect that increased likelihood is due to the significant difference in the state-of-mind that troops have in a war zone. More specifically, unlike the safer climate in the United States, troops are under the constant stress of operating survival methods in a treacherous war zone. Such a mindset logically affects driving habits in dangerous situations, causing an individual to be less prone to following basic traffic rules for the simple reason of being concerned with dodging attacks and staying alive(Walton Law Firm, 2012) . Besides change in driving habits we all have auto risks that we have to face. For one, almost everyone who drives will be involved in some sort of auto accident whether they are gravely injured or not. We also have to take into consideration the vast number of people that drive on roads at a certain time. Some of those people can get easily distracted whether taking a phone call, texting while driving or carrying on a conversation with a passenger they can get easily distracted and not pay attention to their surroundings. Even if…show more content…
(2012, February). 1.http://www.bankrate.com/finance/retirement/hedging-7-big-retirement-risks-2.aspx. Retrieved from http://www.bankrate.com/finance/retirement/hedging-7-big-retirement-risks-2.aspx Bankers Insurance Group. (2012). Home and property. Retrieved from http://www.bankersinsurance.com/homeowners-insurance.html Efinance Directory. (2012). The importance of auto insurance. Retrieved from http://efinancedirectory.com/articles/The_Importance_of_Auto_Insurance.html Germond, N. (2012). Personal risk management more important now than ever. AllBusiness.com, Retrieved from http://www.allbusiness.com/crime-law-enforcement-corrections/criminal-offenses-crimes/7310988-1.html * Schneider, L. (2012). Women and the risk of disability. Informally published manuscript, The American College.edu, Retrieved from http://womenscenter.theamericancollege.edu/uploads/documents/Women-and-the-Risk-of-Disability-Study-5-4-12-v1a.pdf Vaughan (). Fundamentals of Risk and Insurance [10] (VitalSource Bookshelf), Retrieved from

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