What is the role of both insurance? What is Dual Insurance, what is Dual Insurance, and what are the

Endowment insurance, also known as life and death insurance, has the role of both life insurance and survival insurance. If the insured dies within the agreed period, the insurance company will pay the death benefit according to the agreement. If the insured is still alive after the expiration of the term, then the insured will receive the survival benefit as stipulated in the policy.

Generally speaking, insurance companies will not sell both insurance separately, and the insurance on the market is basically linked to life insurance, and the common one is comprehensive insurance + life insurance (critical illness life insurance, accident insurance, cancer prevention insurance, etc.), and the insurance mainly has the following functions:

1. The role of savings.

We have a comprehensive insurance plan that allows you to be both covered and save in small amounts. The insured pays the premium on time in accordance with the policy, and if the insured dies during the insurance period, the insurance company will pay the insurance money to the insured according to the agreed insurance amount; If the insured is still alive at the end of the contract, the insured will receive a lump sum premium.

2. Guarantee role.

The coverage of both insurance is relatively easy to understand, and it mainly provides protection against the death risk of the insured during the insurance period.

Insurance, also known as life and death insurance, refers to life insurance in which the insurer shall bear the responsibility of paying insurance money in accordance with the insurance contract when the insured dies within the insurance period agreed in the insurance contract, or survives after the expiration of the insurance period.

Types of insurance business:

1. Ordinary insurance: The insurer pays the insurance money regardless of whether the insured dies during the insurance period or survives until the expiration of the insurance period.

2. Double insurance: If the insured survives at the expiration of the insurance period, the insurer will pay double the insurance money, and if the insured dies during the insurance period, the insurer will pay twice the insurance money.

3. Pension additional term insurance: if the insured survives at the expiration of the insurance period, the insurer pays double the insurance amount, and if the insured dies during the insurance period, the insurer pays the insurance money according to several times the survival insurance money.

4. Joint insurance: If two or more people jointly insure the insurance, during the insurance period, when any one of the joint insureds dies, the insurer will pay all the insurance money and the insurance will be terminated; If none of the joint insured dies during the insurance period, the insurer will also pay the insurance money at the end of the insurance period, and the insurance money will be jointly received by all the insureds.

Coverage for both. The effect is that the payment of insurance benefits will inevitably occur; It is both a death protection and a means of saving.

If the insured dies during the insurance period, the beneficiary can receive the death insurance benefit;

At the agreed time, the insured is still alive, then the cash value of the policy is determined.

The accumulated funds can provide pension security for the insured, or for other purposes.

The function of both insurance is protection and savings, and both insurance will provide death protection for the insured during the protection period, so it has a protection function; If the insured survives to the end of the insurance period, the insurance company will pay the corresponding survival benefit, which will generally exceed the premium paid, so the insurance also has a savings function.

I have also done a more detailed science popularization of both insurance before, and if you are interested, you can poke this: about both insurance, the salesman will definitely not tell you!

What are the main features of comprehensive insurance?

Both insurance is an insurance that can protect both life and death, and is characterized by the fact that if the insured dies during the insurance period, the death insurance benefit will be paid; If the insured is still alive at the end of the insurance period, then the maturity survival benefit will be paid.

Before buying insurance, you must first understand these key knowledge points!

Insurance, also known as life and death insurance, is death insurance plus survival insurance, simply put, both insurance is to lose money after death (and meet the standard of compensation for grandchildren), and if you do not die, the insurance will return the maturity payment to you when it expires.

Many insurance companies on the market sell both insurance products and plans, and many insurance companies are linked to critical illness insurance, that is, they are sold in the form of main insurance + additional insurance, that is, comprehensive insurance + critical illness insurance.

However, there are also many insurance companies that will sell both insurance separately, depending on the insurance company's sales intentions.

There are also these details to know about both insurance:About both insurance, the salesman will definitely not tell you!

It should be noted that most of the insurance products on the market are not as good as the pure protection insurance, and the protection content and protection strength are not as high as the pure protection insurance, and the protection of the products at the same price may be lower than that of the pure protection insurance.

In addition, it seems that both insurance can protect life and death at the same time, but in fact, it can only protect one of them, in the case of death, only the death insurance benefit can be paid without the maturity insurance benefit, and if the death is definitely not paid, the death insurance benefit will be upgraded but there is a probability of receiving the maturity insurance benefit.

If you want to spend the money of one insurance to enjoy two protections, it is not as good as everyone thinks.

In fact, many people buy both insurance for financial management, through the difference between the money returned at maturity and the premium paid to earn income, in fact, the rate of return is not as good as these financial insurance:Top 10 Financial Insurance Rankings Want to buy high-yield financial insurance? Don't miss out on these 10 again!

Hope.

Both refer to both life and death.

1. If you unfortunately pass away during the insurance period, the death insurance benefit will be paid.

2. If you are in good health after the insurance period, you will be paid survival insurance benefits.

It has the following characteristics:

1. Compulsory savings, pay money every year, and only take it out when it expires. Many people use this insurance as a means of pension.

2. You will definitely get the money, after all, "save your life and save your death".

3. Low cost performance, the general income of this kind of insurance is not high, and it cannot be taken out without maturity, and the liquidity is relatively poor, so buy carefully.

a.As a kind of savings.

b.As a means of guaranteeing the old in the silver chain.

c.As a means of accumulating funds for a special purpose.

d.As a supplement to whole life insurance.

Correct answer: ABC

1. Insurance, also known as life and death insurance, refers to life insurance in which the insurer shall bear the responsibility of paying insurance money according to the insurance contract when the insured dies within the insurance period agreed in the insurance contract, or is still alive after the expiration of the insurance period.

2. It has savings: the insured can not only obtain insurance protection by participating in both insurance, but also participate in a special kind of lump sum savings. It is payable and returnable:

In both insurances, regardless of whether the insured dies during the insurance period or survives at the end of the insurance period, the insurance company must return a sum of insurance money.

1. What does it mean to have both insurance?

Both insurance is also known as "life and death insurance", which not only protects life but also life. This means that if the insured dies during the insurance period, the insurance company will pay the death benefit, but if the insured is still in a state of survival after the expiration of the insurance period (which can be a certain age or the end date of a certain agreed period), then the insurance company will pay the survival insurance benefit according to the insurance contract promised.

2. What kind of people are suitable for both insurance?

1.People with a high income and stability

As mentioned above, a comprehensive insurance is not cheap, and if you want to have a high amount of insurance, the premium is even more expensive!

Therefore, it is more suitable for those who have a high income and a stable income to buy, so that it will not cause excessive pressure on the policyholder to pay the premium, so as to avoid the situation of being unable to pay the premium and surrendering the policy halfway.

At the same time, both insurance can not only provide protection for everyone, but also have the function of compulsory savings, which can not only provide sufficient protection for the career rise and wealth accumulation stage, but also help us alleviate our worries and reasonably plan our future life and pension.

Do you want to know what kind of people are still suitable for both? Click below to view:

2.People who are the breadwinners of the family

Many young and middle-aged people are the most important economic leader of the family, and if one person falls, the whole family suffers, and even normal daily expenses cannot be guaranteed.

Therefore, in order to reduce the economic loss caused by the accidental death of the breadwinner of the family, the insurance is more suitable for this kind of people, at least to protect the daily living expenses of the whole family.

Summary: Mutual insurance means that if the insured dies during the insurance period, the insurance company will pay the death insurance benefit, but if the insured is still in a state of survival after the expiration of the insurance period, then the insurance company will pay the survival insurance benefit according to the insurance contract promised.

Moreover, the insurance is more suitable for people with high income, stability and family breadwinner.