insurance products
Policies for sale
Insurance products are financial contracts in which a company agrees to compensate for specified losses, damages, or liabilities in exchange for premium payments.
The term encompasses policies for health, life, property, automobiles, and liability coverage.
In industry contexts, insurance products often refers to the portfolio of offerings an insurer sells: The company expanded its insurance products to include pet coverage.
- annuitiesPeriodic fixed payments
- coverage limitsMaximum insurer will pay
- premium paymentFee for insurance coverage
- claims adjusterInsurance payout determiner
- MedicareFederal senior health program
- insurancecoverage, underwriting, premium, claims, policyholder
- safe investmentsCD, bonds, treasury bonds, certificate of deposit, savings bond
- Financial Advisorsfinancial planner, wealth advisor, financial consultant, financial advisor, investment advisor
insurance productsself-insurance
Assuming risk personally
out-of-pocket expenses · personal liability · emergency funds · personal savings · cash reserves
insurance productssavings accounts
Interest-bearing bank deposits
stocks · venture capital · mutual funds · equity funds · equity investments
insurance productsgambling
Betting on uncertain results
betting · speculation · lottery tickets · derivatives · casino games
insurance, product, insure, insured, insurer, insurers, insuring, uninsured, reinsurance