Where the Coverage Class is a very general grouping of insurance (Life, Health, Annuity, P&C, Long Term Care or Disability), the Coverage Type can add some more detail.

Note: The Coverage Type of the Base Coverage controls the Flex Field Labels for a policy.

 

Example of Life Insurance Types:

Whole Life

Universal Life

Term

Variable Life

Example of Disability Insurance Types:

Long Term Disability

Disability (it doesn't have to be more specific if you don't want it to be!)

Short Term Disability

Mortgage Disability

Example of Health Insurance Types:

Group Health

Individual Health

Supplemental Health

Example of Annuity Insurance Types:

Fixed Annuity

Variable Annuity

Immediate Annuity

Deferred Annuity

Annual Premium Fixed Annuity

Example of General Insurance Types:

Auto

Homeowners

Business Owner's Plan

Umbrella