| A | B |
|---|
| Life Insurance | Pays the beneficiary a set amount upon the death of a specified person. |
| Term Insurance | For a certain number of years, if you do not die during that time, no one gets paid any money. |
| Whole Life Insurance | Payments of premiums for as long as the insured lives or until age 100. |
| Endowment | Life Pay for certain number of years and then the owner of the policy receives the face value. (usually 20 years) |
| Marine Insurance | Loss or damage to vessels, cargo and other property exposed to the perils of the sea. |
| Fidelity and Surety Bonding Insurance | Provides coverage against financial loss caused by dishonesty, such as embezzlement. |
| Property Insurance | The general type of insurance intended to indemnify for harm to the insured’s personal or real property brought about by perils such as fire, theft, and windstorm. |
| Casualty Insurance | Insurance against losses resulting from accident, change, or negligence. |
| Collision Insurance | Protect against direct and accidental damage due to colliding with another object |
| Comprehensive insurance | Indemnifies against all damage to the insured’s car except collision. |
| No Fault insurance | Requires that parties to an auto accident be indemnified by their own insurance company |
| Medical payments coverage | Pays for the reasonable medical claims of occupants of the insured’s vehicle who are injured in a car accident. |
| Fire Insurance | Indemnifies for loss due to fire, smoke, or lightning strike. |
