Guaranteed versus Non-Guaranteed Policies
Today, companies offer a broad range of guaranteed and non-guaranteed life insurance policies. A guaranteed policy is one in which the insurer assumes all the risk and contractually guarantees the death benefit in exchange for a set premium payment. If investments underperform or expenses go up, the insurer has to absorb the loss. With a non-guaranteed policy the owner, in exchange for a lower premium and possibly better return, is assuming much of the investment risk as well as giving the insurer the right to increase policy fees. If things don’t work out as planned, the policy owner has to absorb the cost and pay a higher premium.

Suraj Thapa Magar was studying in Kathmandu three years ago when he first saw a group of guys doing some incredible stunt-dancing across the road. Fifteen at the time, Suraj went and stood there – hypnotized by their moves.“I knew I wanted to become a B-boy after seeing that first dance battle. At the beginning it was very hard because I felt that I didn’t have enough strength. Now, I get energy from the crowd,” the 18-year-old dancer explained.