Life Insurance - Provides payment upon insured's death

Life insurance is any insurance relating to a risk depending on human life. This includes contracts providing payment on the insured person's death, endowments providing payment either on survival to a specified date or on earlier death and annuities which are paid throughout the annuitant's lifetime but cease on death.

Life license candidates are provided with a course that covers term life insurance, whole life insurance, universal life insurance, variable life insurance, and annuities.

Disability Insurance - Provides payments to disabled insured

These policies offer payments to employees who are (usually temporarily, rarely permanently) unable to work because of any injury or illness, even if it is not job-related. Unlike workers' compensation, this coverage may not involve any aspect of health insurance, life insurance, or payments for pain and suffering. Similarly to most employer-supplied health insurance, these plans are essentially just open-market plans with the advantage of a negotiated group rate. That is, they are similar to what an individual would buy, but they are purchased with a volume discount. Another general fact about them is that they tend to offer rather basic, low-end coverage, essentially because most people balk at paying for anything more. Sometimes each employee has the option to buy upgraded coverage if they are willing to pay for it.

Worker's compensation (also known by variations of that name, e.g., workman's comp, workmen's comp, worker's comp, compo) offers payments to employees who are (usually temporarily, rarely permanently) unable to work because of a job-related injury. However, workers' compensation is in fact more than just income insurance, because it may pay compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), general damages for pain and suffering, and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).   

Property & Casualty Insurance - Coverage for property damage and bodily injury

Property insurance covers physical assets such as building, equipment, furnishings, fixtures, and inventory. Casualty Insurance coverage is primarily for the legal liability of a person (individual or organization) that results from negligent acts and omissions causing bodily injury and/or property damage to a third party. It protects a property owner or other person from loss or injury sustained as a result of theft, vandalism or similar occurrences. Property insurance may cover aviation insurance, boiler and machinery insurance, glass insurance and crime insurance.