Monday 14 March 2011

What are the different types of Insurance??

1.       Social insurance               
E.g. OASDI, MEDICARE, UNEMPT

2.       Private insurance
1)      Life insurance
a)      Whole life
b)      Term
c)       Endowment

2)      Health insurance
a)      Annuity
b)      Disability income
c)       Long term care
d)      Medical, expense, health accident injury

3)      Non-life insurance
a)      Liability loss
b)      Workers compensation
c)       Property loss

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