M4-5 Activity 2: Short-answer Questions

Type of life insurance: Characteristics of Endowment Life:

Endowment life  It provides life coverage along with a benefit to earn
returns from your hard earned money,
 It designed to pay back a lump sum amount after the
policy term ,
 It provides full sum assured to the beneficiary of the
policy holder in case of any mishappening; and
 It is simple, upfront and transparent
Type of insurance: Covered of Casualty Insurance:
 It covers vehicle insurance, home insurance, Professional
Casualty Insurance liability insurance, and theft insurance. 
 A category of insurance coverage for individuals,
employers, and businesses against loss of property,
damage, or other liabilities.
 It covers you if you're legally responsible for another
person's injuries or property damage
 Illegal acts: Distinguish
Burglary  Defined as the unlawful entry into almost any structure
(not just a home or business) with the intent to commit
any crime inside (not just theft/larceny)
  No physical breaking and entering is required; the
offender may simply trespass through an open door.

References:

https://www.investopedia.com/terms/c/casualtyinsurance.asp

https://www.findlaw.com/criminal/criminal-charges/burglary-overview.html