Final answer:
The recording probably mentions life as the fourth area that needs protection in risk management, alongside possessions, income, and health.
Step-by-step explanation:
The question refers to the four areas that need to be protected to manage different types of risk. These typically include possessions, income, health, and life. Protecting these areas is crucial in personal finance and risk management. For instance, protecting your possessions involves insuring your property, income protection includes things like disability insurance, health refers to health insurance, and life protection is usually managed through life insurance policies. These precautions are essential to ensure financial stability against unforeseen events that can impact these key areas of one's life.