University of Phoenix Material
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
| Coverage Characteristics
| Companies That Offer It
| 1.Loss2. Damage.3.Accident(Collision)
| Liability insurance for those involved in an automobile accident including vehicle damage and bodily injuries.
| 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
| 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
| 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
| 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...
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