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

Question

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Insurance companies typically offer two main categories of insurance: life insurance and property and casualty insurance. Life insurance provides financial protection for the policyholder's beneficiaries in the event of the policyholder's death. Property and casualty insurance protects against losses to property (such as homes and cars) and other liabilities. While there are other types of insurance (such as health insurance), they often fall under these two categories. Therefore, option A is the best choice as it correctly identifies the two basic types of insurance offered by insurance companies.

Insurance Companies Offer Two Basic Type of Insurance; These Are