Is it really appropriate to buy wealth management insurance?

Personally, I think that insurance should not buy a wealth management type, because the main function of insurance is to protect, and if you want to manage your money, you can buy professional financial products.

The true meaning of insurance and financial management is long-term deposit and long-term income, with a little mandatory saving, and there is urgent cash when you need to save a little money every year. It is not cost-effective to buy insurance at once.

The income from buying insurance is not necessarily, you don't look at the income promised by the bank, it is all fooling! I think that my ability to learn the best ticket is not as strong as buying insurance, because you have less money now, and you can't lose much, but after you learn the experience, you can earn much more than the tuition you pay now. Personal opinion!

1. The insurance is not suitable or inappropriate.

2. Insurance is a way of financial management, just like bank deposits, we all know that it is not appropriate to deposit in the bank, but the bank still needs to save some money.

3. Eggs can't be put in one basket, everyone understands this truth.

Some wealth management insurance is indeed good, such as Taiping Life's Fushou Lianlian.

Dividends are uncertain, and there is no accurate data to provide in the short term!

Insurance and financial management pay attention to long-term returns, and the longer the time, the more benefits will be, and banks, **, etc. are far from reaching!

Regarding whether wealth management insurance is good or not, you can see what its advantages are, and everyone will be clear.

1.High security.

Ordinary investment follows the law of "high yield and high risk", while wealth management insurance investment is very safe. The state's strict supervision of insurance companies and strict monitoring of the use of insurance funds have reduced the risk of investment to a very low level. (The Insurance Act provides:.)

Wealth management insurance companies are not allowed to be dissolved, and when an insurance company goes bankrupt due to poor management, the policies it holds must be transferred to other insurance companies or taken over by a state-designated financial institution. ）

2.Tax savings and property preservation.

Wealth management insurance benefits are exempt from income tax and inheritance tax, and it is almost impossible to preserve all business and property without the participation of wealth management insurance when formulating an estate plan.

3.The policy is not frozen and not subject to debt collection by the debtor.

When a business goes bankrupt, **, bonds, deposits, etc. will be frozen, only life insurance policies will not be frozen. In addition, the creditor has no right to demand that the beneficiary repay the debt with the proceeds of insurance. This is also where wealth management insurance investment is very different from other investments.

4.Improve credit.

When banks lend to enterprises, they require enterprises to take out property insurance, and in the same way, for those who have purchased wealth management insurance, their credit and the credit of the enterprise will be greatly improved.

5.Establish an emergency reserve.

The insurance premium of wealth management insurance, with cash value, is handed over to the insurance company on the surface, in essence, it is "savings" in the insurance company, the policyholder can use it at any time, this fund, accumulated into a lot, when the policyholder encounters financial difficulties, you can use the funds to tide over the predicament.

After reading the above content, everyone should have an answer to the question of whether financial insurance is good or not. Wealth management insurance has the above advantages, and consumers can choose the financial insurance products that are suitable for them according to their actual situation.

Some people say that although the premium of consumer-based insurance is low and the payment is flexible, it is not returned, and it feels like the money is spent in vain; Return-type insurance, although the premium is high, can be recovered "with interest" at maturity. Therefore, it is more cost-effective to buy a return type.

What is the difference between consumer insurance and return insurance?

What's so bad about the "return" of return-type insurance?

Consumption type or return type, which one should we buy?

01Return-based insurance vs. consumer insurance.

The so-called return insurance, in layman's terms, means that if everything is fine and there is no compensation when the insurance contract expires and is terminated, the insurance company will return the premium paid before or the insurance amount specified in the contract to you.

Consumer-based insurance is the premium paid after the expiration is gone, similar to when you eat and consume, the money is spent and will not be returned. Just like car insurance, paying every year means spending every year. But don't you think the money was paid in vain because you didn't crash and didn't make a claim?

On the contrary, if you give people this kind of insurance, you feel that it is a loss if you do not recover the cost, well, is this considered "discrimination"?

Let's take a closer look at how much each of them costs:

Take critical illness insurance as an example. Lao Wang is 30 years old, assuming the same insurance amount of 100,000 yuan, the protection period is 30 years, and the payment period is 20 years.

If you buy a consumer type, pay 1,500 yuan per year, and pay a total of 30,000 yuan;

If you buy a return type, pay 3,200 yuan per year, pay a total of 60,004, and then return 100,000 yuan of insurance at the age of 70.

Looking at it this way, the return type is very suitable, although it pays an extra 1,700 yuan every year, but in the end it can get back 100,000 yuan, which is equivalent to making 30,006 yuan for nothing! Although the premium is a little more expensive, the money paid will definitely come back. In this way, it's quite a good deal.

However, you have missed one important point, inflation!

To put it another way, buying a returnable type is equivalent to buying the previous consumer-type critical illness insurance (with the same protection), plus saving 1,700 yuan per year for the insurance company to help you manage your finances. Since it is financial management, it is worth it by the rate of return

Use Excel to calculate IRR (it doesn't matter if it will be calculated, just know the general logic), the annualized rate of return corresponding to this investment is about the same, and it is not certain whether this income can outperform inflation! Besides, what can 100,000 yuan do in a few decades?

Besides, it is not difficult to save 1,700 yuan per year to achieve an annualized return of 5% on your own financial management.

If you don't believe it, you can get 50,000 yuan after 20 years: if you continue to invest at 5% of the rate of return to 70 years old, you can finally get 160,000 if you continue to invest at 5% until you are 70 years old.

In fact, it is still very good, he is basically a financial product, insurance is only incidental, so the interest rate is still relatively high, but it must be about three years to take out, there is a certain number of years, relatively speaking, if you are not in a hurry to use the money, it is still relatively okay.

Wealth management insurance is not risk-free. Depending on the type, the risk factor is different for each product.

Is it worth buying financial insurance from an insurance company? How is it different from other wealth management products?

Is wealth management insurance really a pit?

There are no other financial channels, this is okay.

After buying financial insurance, many friends found that it was not the product they wanted, and they were fooled.

This is actually caused by our lack of understanding of insurance, so how should a person buy insurance?

At present, there are many insurance products, it is easy to buy wrong, spend money in vain, more than ten years of experience in mint insurance consultants have compiled this content, teach you to buy the most suitable insurance with the least money! ClickWhat kind of insurance do individuals need to buy? How much does it usually cost?

1. When buying insurance, you must protect first and then manage your finances

Underlying risks such as illness, accidents, and death, which may cause significant losses to the family, must be addressed first, while financial needs such as education and pension are choices after adequate protection.

When buying insurance, you must first do a good job of basic risk protection, and then consider pension insurance, education funds and other icing on the cake financial insurance.

2. How many types of financial insurance are there?

As the name suggests, wealth management insurance is used for financial management and can generally be divided into the following types:

The one that guarantees the principal and interest is annuity insurance (income determination).

What does not protect the principal and interest is the investment-linked insurance (which may lose money).

There are universal insurance and participating insurance (no loss, uncertain income) that are guaranteed but not interest, of which the income of participating insurance may be 0.

Therefore, when we buy, we must understand the details of financial insurance clearly, and then consider buying financial insurance.

Instead of buying casually, you only find out that you are not buying the financial insurance you want after buying.

As a financial management purpose, the advantage of annuity insurance is not the interest rate but the function.

Let's take a product as an example:

Male, 30 years old, buy 10,000 yuan of insurance amount, pay for three years, 103488 yuan per year, a total of 310464 yuan. Then, in the fifth and sixth years, 51,744 yuan per year will be received. Then until the age of 65, he will receive 3,000 yuan per year.

There is still a receipt later, let's not consider the later collection, let's calculate the yield of the first 30 years.

In the fifth and sixth years, we received back the one-year premium we paid, which is equivalent to 206976 yuan we have paid, with an interest of 3,000 per year, which is equivalent to an annualized rate of return. (Of course, my algorithm is actually inaccurate, just to make it easier for everyone to understand, I will analyze and calculate it for you like this.) ）

Therefore, such a product not only has a low income, but also occupies a lot of our funds, and I do not recommend most friends to buy it! When buying insurance, we should still focus on protection, and we can make other investments to manage our finances, and it is not recommended to use insurance to manage our finances.

If it is a bancassurance product, after three years, the principal can definitely be returned;

But the yield is very low.

After purchasing an insurance product, there is a 10-day hesitation period, and if you regret it, you can surrender the policy.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

1. Financial insurance is a new type of insurance product that integrates insurance protection and investment functions, and is a new type of life insurance. Insurance companies that operate investment insurance make full use of their scale, investment advantages and investment experts to strive for the maximum investment benefits for policyholders.

2. At present, the types of financial insurance carried out in China mainly include participating insurance, investment-linked insurance and universal insurance. Financial management through insurance refers to the reasonable arrangement and planning of funds through the purchase of insurance, to prevent and avoid financial difficulties caused by illness or disaster, and at the same time to obtain ideal preservation and appreciation of assets.

Everyone wants their money to make money, and many people are gradually focusing on investment and financial management.

For example, **, **, **, as well as wealth management insurance including annuity insurance, increased life and so on.

Recently, annuity insurance and increased whole life insurance have been favored and concerned by many people.

If you want to know which wealth management products have low risk, you can see here: "What are the low-risk wealth management products?" Can I buy annuity insurance and incremental whole life insurance from insurance companies? 》

It is certainly necessary to buy insurance. Insurance cannot avoid accidents, nor can it affect our birth, old age, sickness and death, but buying insurance can reduce the financial impact caused by illness and accidents, and reduce the financial burden for yourself and your family. The main types of life insurance on the market include accident insurance, medical insurance, critical illness insurance, and life insurance.

Premiums are limited to 5% to 20% of annual income.

It is right to buy insurance, but buy the right insurance. First of all, you have to know that the purpose of buying insurance is protection or investment, if the purpose is investment, then it is not necessarily necessary to buy insurance, if it is to buy protection, you should really buy insurance, and the other is to buy insurance through the right person or channel, you can go to the insurance network to see the experience of other users.

There are many ways to invest in financial management, savings, insurance, bonds, real estate, antiques, stamps, etc., but the priority of financial management is to find ways to protect yourself and your family in the face of sudden lack of income. The essence of insurance is protection, however, many people also use insurance to manage their finances. As the saying goes, if you don't manage your money, your money won't care about you.

It can be seen that family financial management is very important for every family.

Of course, insurance and wealth management are two product forms, insurance is to spend money to buy a legally effective contract, which belongs to consumption; Wealth management belongs to investing assets into products that are converted into income to earn income. The two products are completely independent from the business model, so the financial insurance on the market is not investment, from my personal investment and financial management and the insurance I bought, my principle is: let the insurance be insurance, let the investment be investment, the two can not be classified into one category.

1. Why not buy wealth management insurance?

In my childhood memory, my parents bought me a similar financial insurance, the approximate product introduction is to pay tens of thousands of premiums every year, there is a certain amount of insurance that can be compensated every year, I asked my mother, now it seems that the amount of insurance is very low, and the amount of insurance is not comparable to the amount of consumer insurance, and the most pitiful thing is that he will tell you to pay a certain amount of premium back when the child is an adult. It sounds very cost-effective, not only to protect people's health, but also to have the attributes of investment, in the end, it may be calculated for 10 years, the annualized rate of return may be less than 4%, and the insurance amount is only tens of thousands of yuan, which is not as much as the five insurances and one housing fund we have purchased ourselves. It is basically a very uneconomical investment option.

Second, the numbers tell you how pitty financial insurance is.

If you change to another product called [Kangle Life 2], except for the non-return of the insurance at maturity, the other protection is exactly the same as that of Kang Care, and the annual premium is only 5246 yuan, which is a difference of 7849 yuan. We invest 7,849 yuan every year into financial products, buy a product with a yield of 4% every year, and get far more than 450,000 yuan by the age of 70. In this way, you should know how pitty financial insurance is.

3. To sum up.

Therefore, when we buy insurance products, we should pay special attention to it, generally speaking, the sales staff of insurance products will tell you the best side of the product, but the cost performance of the product is relative, and we must look at this problem dialectically. If you want to buy critical illness insurance or term life insurance, then I suggest that you buy consumer insurance directly, and don't covet how many years later, you don't know how much inflation will be in the future, and what will be the use of the hundreds of thousands of insurance refunds.

Hope my answer is helpful to you.