Insurance companies offer two basic type of insurance; these are:

Question

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Life insurance and property and casualty insurance are the two basic types of insurance offered by insurance companies. Life insurance protects the insured's family or beneficiaries in the event of the insured's death, while property and casualty insurance protects against damage or loss to property or personal injury caused by events such as accidents or natural disasters. Mutual funds and whole life/term life insurance companies are not basic types of insurance offered by insurance companies, and property and casualty insurance is not a type of insurance company, but rather a type of insurance product offered by companies.

Insurance Companies Offer Two Basic Type of Insurance; These Are