Insurance Matrix Essay

Submitted By ladymocha05
Words: 707
Pages: 3

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 |Legal liability |Bodily |State Farm |
| |Medical cost |Property |Allstate |
| |Injuries you incur |Collision |Progressive |
| | |Comprehensive | |
|Home | |Building and structure |Farmers Insurance |
| |Correlated risks |Personal property |21ST Century Insurance |
| |Nonrandom risks |Living expenses |Travelers Insurance |
| |Unpredictable risks | | |
|Health |Comprehensive Medical Insurance |Doctor/Hospital Visits |Medicaid |
| |Major Medical Insurance |Prescription Drug coverage |Blue Cross Blue Shield |
| |Basic Health Insurance |Dental Insurance |United Health |
| | |Vision Insurance | |
|Disability |Individual disability Insurance |Short-term: Social security coverage |Colonial Insurance |
| |Employer Sponsored Income |Long-term: Employer’s coverage |AIG Insurance |
| |Government sponsored Income | |AFLAC Insurance |
|Life |Replaces your income |Term Life: Specific period of time |Met Life Insurance |
| |Preserving household wealth | |State Farm Insurance |
| |Providing for future family needs |Whole Life: Death protection for persons |Prudential Insurance…