Insurance Matrix
Gabriel Reyes | Insurance Matrix | 6/30/2012 |
------------------------------------------------- University of Phoenix Material
Insurance Matrix
Directions – Matrix
For each type of insurance listed in the matrix, identity three functions, three coverage characteristics, and three companies that offer this type of insurance. Type of Insurance | Functions | Coverage Characteristics | Companies That Offer It | Auto | 1.Loss2. Damage.3.Accident(Collision) | Liability insurance for those involved in an automobile accident including vehicle damage and bodily injuries. | NationwideGeicoAllstate | Home | Compensation for the policy holder in case of fire, vandalism, or natural disasters. | Types of characteristics would be dwelling, loss, and personal liability. | USAAAmica MutualAllstate | Health | Insurance for routine checkups, pharmaceutical care, and emergency medical assistance | Hospital coverage, outpatient visits, home care, and prescription drug coverage. | Keystone Health Plan EastBlueCross Blue ShieldMedicare | Disability | Benefits paid to disable people.Medical Coverage for disable.Disability coverage is Tax-free | Short-term: 6months-2years of coverage from 80 to 100% of the person’s salaryLong-term: Five years minimum, most cases till the person’s turn 65 years old. 70% coverage on their salary | Mass Mutual Financial GroupThe HartfordAIG | Life | Coverage for the loss of a family member.Financial Stability.Policy is paid to the living spouse. | Term Life: Term life insurance provides coverage with flexibility and ends at a predetermined ageWhole Life: Whole life insurance, also known as cash value insurance, pays a predetermined amount upon death in return for a standard monthly or annual payment. | Mutual of OmahaMetLifePrudential |
Insurance and Social assistance programs are similar because they were both made to assist people in many ways. The main difference between insurance and social assistance is that with
------------------------------------------------- University of Phoenix Material
Insurance Matrix
Directions – Matrix
For each type of insurance listed in the matrix, identity three functions, three coverage characteristics, and three companies that offer this type of insurance. Type of Insurance | Functions | Coverage Characteristics | Companies That Offer It | Auto | 1.Loss2. Damage.3.Accident(Collision) | Liability insurance for those involved in an automobile accident including vehicle damage and bodily injuries. | NationwideGeicoAllstate | Home | Compensation for the policy holder in case of fire, vandalism, or natural disasters. | Types of characteristics would be dwelling, loss, and personal liability. | USAAAmica MutualAllstate | Health | Insurance for routine checkups, pharmaceutical care, and emergency medical assistance | Hospital coverage, outpatient visits, home care, and prescription drug coverage. | Keystone Health Plan EastBlueCross Blue ShieldMedicare | Disability | Benefits paid to disable people.Medical Coverage for disable.Disability coverage is Tax-free | Short-term: 6months-2years of coverage from 80 to 100% of the person’s salaryLong-term: Five years minimum, most cases till the person’s turn 65 years old. 70% coverage on their salary | Mass Mutual Financial GroupThe HartfordAIG | Life | Coverage for the loss of a family member.Financial Stability.Policy is paid to the living spouse. | Term Life: Term life insurance provides coverage with flexibility and ends at a predetermined ageWhole Life: Whole life insurance, also known as cash value insurance, pays a predetermined amount upon death in return for a standard monthly or annual payment. | Mutual of OmahaMetLifePrudential |
Insurance and Social assistance programs are similar because they were both made to assist people in many ways. The main difference between insurance and social assistance is that with