Insurance And Financial Services Company
Personal auto insurance will also not provide coverage if you use your car to provide transportation to others through a ride-sharing service such as Uber or Lyft. Some auto insurers, however, are now offering supplemental insurance products that extend coverage for vehicle owners providing ride-sharing services. The named beneficiary receives the proceeds, and is protected from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration for premium payments made by the insured. Builder's risk insurance is typically written on an "all risk" basis covering damage arising from any cause not otherwise expressly excluded. Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree will outlive his or her financial resources. In that sense, they are the complement of life insurance and, from an underwriting perspective, are the mirror image of life insurance.