Level Associate Material
Appendix E
Insurance Matrix
Type of Insurance Auto Functions Example of Company Coverage Characteristics
Home
To protect a driver if they are involved in a car accident. Auto insurance will also cover other types of incidents affecting the car such as fire or theft. If an accident or theft should occur the auto insurance company will pay the policy owner the appropriate amount once the deductible is met. To protect your house from unexpected damage or malicious actions. If your home is damaged or robbed, the insurance company will provide funds to repair or replace items affected by the incident. To assist with the cost of medical charges. Health insurance pays majority the of your medical expenses when you need to see a doctor or go to a hospital.
State Farm
The most common are: Liability Collision Uninsured Motorist Medical Personal Injury Comprehensive
Farmers
The most common are: Dwelling Loss of Use Personal Property Medical Payment Liability
Health
Aetna
PPO HMO Fee for service
FP/101
Disability
To ensure you have an income if you get injured and are unable to work, usually a percentage of your income or a predetermined amount. Life insurance provides a predetermined amount of money to the beneficiary of your choice when you die.
Aflac
Short term disability Long term disability
Life
Metlife
Whole life Term life
FP/101