ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Health
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Dental & Vision
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Auto
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Death
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Detailed explanation-1: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.
Detailed explanation-2: -Term insurance plans do not cover death due to self-inflicted wounds. Death due to any critical illness is covered under Term plans. It also includes sexually transmitted disease like HIV/AIDS. If you have an existing illness when purchasing a Term insurance plan, then it is mandatory to disclose it.
Detailed explanation-3: -Death benefits are the assured sum given to the beneficiaries in the event of the demise of the policy holder. The death benefit is paid out within 30 days of the claim being made in most cases.
Detailed explanation-4: -Then we examine in greater detail the three most important types of insurance: property, liability, and life.