Pros and Cons of Index Universal Life Insurance

There are many kinds of life insurance and one of the most favorable ones is index universal life insurance. This indexed insurance your premium dollars will not be invested to general investment account. It will pay interest based on upward movement of stocks market. Here are the pros and cons of having this index universal life insurance.

The whole pros and cons can be found at http://www.lifeinsuranceblog.net/index-universal-life-pros-and-cons/ but you can read the resume here. The pros are started to its long life strong protection which is given by this universal life insurance. It is very flexible as you can change death benefit amount, premium payment, and some main contract provisions almost at any time. It is also suitable for people who pay the insurance with retirement income. You can manage to get minimum death benefit or maximum cash value.

The disadvantage of this index universal life insurance is too many assumptions about the policy. It happens because the insurer has discretion to change caps of interest rate, participation rate, and insurance almost at any time. But, it is still very potential as you also get the flexibility in managing the insurance. If you are interested to know more you only need to visit the site.

The Advantages Of Buying Non-Owners Auto Insurance

Car insurance for non owners are quite accessible, but they are not regularly mentioned. If you are like many people, you probably have never heard of car insurance policies for those who do not own a vehicle.

What is car insurance for non owners?

This variant of vehicle insurance is offered for those who do not possess a vehicle, but who regularly uses rented vehicles. They are usually less expensive than conventional owner’s insurance policies because the people that buy them don’t operate a vehicle daily. You will typically pay close to $200 to $300 for these insurance policies, nonetheless, the insurance company will still take your age, gender, driving record, and location into account to ascertain your premium amount.

Benefits you can gain from getting this kind of insurance

Offer protection even if you don’t possess or drive your own car

Several things can go wrong when you are operating a vehicle and even if you don’t privately own the vehicle, so it is essential that you are adequately covered. For example, if you were lent your friend’s car and you caused an accident, the other party could go after you personally for injuries and damages to their vehicle if these cannot be reimbursed satisfactorily by your buddy’s policy. This type of policy will not cover repairs to a rented vehicle. Instead, it functions principally as liability coverage for both bodily injury and property damage. Sometimes, insurance firms provide uninsured and underinsured injury coverage together with a non-owner’s policy.

Decrease fees when renting a car

Vehicle rental companies charge you a considerable amount of money for their insurance coverage. If you do not own a personal car, but rent frequently, this type of insurance can probably help you cut costs over time. Nevertheless, you will still must buy the collision damage waiver to pay for repairs to the rented vehicle if it was damaged while you were using it.

Continuous coverage for high-risk road users and non-owners

Gaps in your insurance history can cause insurers to consider that you are a high-risk driver and for this reason will bring up your premiums if you apply for a policy with them. Non-owner’s insurance can help you retain continuous coverage and thus avoid paying a lot to be covered. If you are regarded as a high-risk driver, this type of policy is a requirement to satisfy conditions to receive or restore your driver’s license, too.

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