Coverage Types

Term life, ACA tiers & property protection — decoded.

The same three categories shape most household insurance decisions. Here's what each one actually covers, and where the fine print matters.

Family reviewing a term life insurance policy document at home
Term Life

Coverage for a fixed period, at a fixed cost.

Term life pays a death benefit if you pass away within the policy term — typically 10, 20 or 30 years. Premiums stay level for that term, then the policy expires unless renewed or converted.

  • ●Level premium: the rate locked at issue doesn't rise during the term.
  • ●Conversion window: many policies allow converting to permanent coverage without new underwriting.
  • ●Riders: waiver of premium and accelerated death benefit are the most common add-ons.
ACA Marketplace

Bronze, Silver, Gold, Platinum.

ACA tiers describe how costs are split between your premium and your out-of-pocket spending — not the quality of care. Lower premium tiers carry higher deductibles and out-of-pocket maximums.

Doctor consulting with a patient during a routine health visit
Tier Plan Pays You Pay Typical Premium Typical Deductible
Bronze ~60% ~40% Lowest Highest
Silver ~70% ~30% Moderate Moderate-High
Gold ~80% ~20% Higher Moderate-Low
Platinum ~90% ~10% Highest Lowest

Figures are directional, not carrier-specific. Actual premiums and deductibles vary by state, insurer, age and subsidy eligibility.

Suburban home exterior representing homeowners property protection coverage
Property Protection

Dwelling, contents, and loss-of-use.

Homeowners and renters policies bundle several coverage limits into one policy — each with its own cap and its own list of excluded perils.

  • ●Dwelling coverage: rebuilds the structure itself, up to the policy limit.
  • ●Personal property: covers belongings, usually 50–70% of dwelling limit.
  • ●Loss of use: pays temporary living expenses while your home is uninhabitable.
  • ●Named exclusions: flood and earth movement typically require separate policies.
At a Glance

Which coverage type fits which risk.

Income Replacement

Term life protects dependents against lost household income.

Term Life

Routine & Emergency Care

ACA tiers balance monthly premium against exposure to major medical costs.

Health

Asset Protection

Property coverage rebuilds and replaces after a covered loss event.

Property