Explain the MAJOR and Sub Types of Insurance

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PostPosted: Thu May 01, 2008 2:45 pm   Post subject: Explain the MAJOR and Sub Types of Insurance  

I am writing a paper can someone please explain the MAJOR insurance types and what subtypes of insurance goes under the major insurance types. I am so confused. Thanks in Advance
kelleyfam3
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PostPosted: Thu May 01, 2008 3:29 pm   Post subject:   

Hi Kellyfam3, I'm curious as to what sort of class you are taking that such a paper has been assigned?

Seems like a crazy topic.

I suppose the MAJOR types of insurance are Property, Casualty, Health and Life. Everything falls under one of those headings.

Now, get off the internet and go to library, I assume that you wouldn't be so confused by the topic if you were working on degree in some insurance related disipline so I'll bet the purpose of your assignment was more to learn about research than to learn about insurance.

I'm typing this with a smile on my face by the way, I know sarcasm doesn't always translate when typed out.
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PostPosted: Fri May 02, 2008 1:46 am   Post subject:   

Here are some of the sub catergories for life and health

Life
Term Life
Whole Life
Universal Life
Final Expense
Annuities

Health
Individual health
Group health
Accident plans
Medicare supplements
Long term Care

Hope this helps
Mac
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PostPosted: Fri May 02, 2008 1:28 pm   Post subject:   

My list would look like this:
Life, health, home, Car & specialty (including the smaller ones..)
even disability would be considered as a sort of health-insurance. Yeah, business insurance has really been pushing ahead to hold a unique place & could soon be looked upon as a major one.

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