Please tell me how much you will deduct from the surrender of your life insurance

Xueba talks about insurance, focusing on insurance evaluation! Critical illness insurance cannot be bought casually, it is necessary to choose carefully according to the needs to reduce the probability of losing money due to regret surrenderingTop 10 [Not Worth Buying] Critical Illness Insurance Points!

Surrender of life insurance policy is limited to the cash value, minus the following expenses: <>

Some friends don't pay attention to buying insurance, and they always buy it casually, until one day they feel that the insurance they bought is not good and want to surrender it. Surrender is also a big deal, and it can't be casual anymore, and we should all know these key knowledge points of surrenderHow to surrender insurance, how much can be refunded, and how to reduce surrender losses?

The article is very detailed, here are a few points to briefly say.

Surrender is often accompanied by financial loss, except for these two cases:

1.Cooling-off period surrender:About 10-15 days after buying the insurance is the hesitation period of the insurance, if you surrender the policy during this time period, there is basically no problem with the full refund of the premium;

2.Sales misleading:If the operation of the salesman is not standardized when you buy the insurance, and the signature of the insurance contract is signed by someone else instead of yourself, there is a great chance of getting back all the premiums paid.

In addition to these two situations, it will inevitably cause economic losses, and we should choose ways to reduce economic losses at this time, such as choosing to reduce the amount of payment:

That is, the money is not refunded, but the current cash value is used as the premium to be paid, how much can be insured, and no further payment will be made in the future, and the protection will still be effective, but the sum insured will be reduced.

This will be more cost-effective than direct surrender, but not all products are available, and this treatment is not applicable to your insurance, pending confirmation with the insurance company.

In addition,You also have to pay attention to these situations when surrendering the policy:

It is better to return an insurance policy after you have bought a new insurance policy and the waiting period has passed, so that the protection will not be interrupted.

2.Health Status:If there are more and more physical problems, it may be impossible to inform you of the health status of the new insurance, so it is best not to cancel the policy first.

3.Payment card balance:If you have already made the decision to surrender the policy, you should not deposit money into the bank card where the premium was paid and clear it to zero, so that there will be no situation where you apply for a surrender but are deducted when the payment period comes.

There are many precautions about surrender, and I won't go into detail about the limited space, but I will share with you a very comprehensive article here, and you can collect it if you are interestedWhat are the details to pay attention to when surrendering an insurance policy? Hope!

Generally speaking, the surrender of the policy should be deducted about 20% to 30%, and a little higher, it can reach about 50%, and the highest can even reach 70% to 80%. Of course, this refers to the money that the insurance company will deduct if you surrender the insurance policy without the guidance and intervention of Century Insurance.

It is mainly directly related to the type of insurance you have purchased and the time when you have paid for it. For example, if you buy a participating whole life insurance, or a participating annuity insurance, or if you buy a universal insurance from some companies, then the surrender may be deducted by about 50%. If it is an ordinary insurance product with full dividends, it is more common to have a surrender deduction of 20%-30%.

Generally speaking, the surrender cost of a life insurance policy depends on whether the policy is surrendered during the cooling-off period. If you surrender the policy during the cooling-off period, the insurance company will usually refund all the premiums paid before, and only charge about 10 yuan for the production cost; If you bought the insurance last year, and now the surrender must have passed the cooling-off period, then the insurance company will refund the cash value of the policy, which is generally "the premium paid - the company's management fee - the commission cost - the premium required to assume the responsibility + the interest generated by the remaining premium", which you can check through the cash value table in the insurance contract.

Different life insurance products have different cooling-off periods, and surrendering during the hesitation period generally deducts a small amount of the cost or does not deduct the premium, which is subject to the actual regulations of the insurance company; After the cooling-off period, only the unexpired net premium or the cash value of the policy will be refunded, and the specific amount of money to be deducted is subject to the insurance contract. For details, please contact the insurance salesman or the customer service of the underwriting company. If it is Ping An Life, you can contact 95511-consultation.

Life insurance should be deducted from 20 to 30 percent.

Life insurance is a kind of life insurance, which takes the life of the insured as the subject of insurance and the life or death of the insured as the condition of payment. As with all insurance businesses, the insured transfers the risk to the insurer, accepts the insurer's terms and pays the premium. Unlike other types of insurance, life insurance passes on the risk of survival or death of the insured.

The insurance industry refers to the business in which the funds pooled in the form of contracts are used to compensate the economic interests of the insured. The insurance market is a place where insurance is bought and sold, that is, where both parties sign an insurance contract. It can be a concentrated tangible market or a decentralized intangible market.

According to the different subject matter of insurance, insurance can be divided into two categories: property insurance and life insurance. Property insurance refers to insurance that takes property and its related interests as the subject of insurance, including property loss insurance, liability insurance, credit insurance, guarantee insurance, agricultural insurance, etc. It is a type of compensatory insurance with tangible or intangible property and related interests as the subject matter of insurance.

Life insurance is insurance that takes a person's life and body as the subject of insurance. When people suffer from unfortunate accidents or are incapacitated due to illness or old age, are disabled, die or retire from old age, the insurer pays insurance money or annuity to the insured or beneficiary according to the provisions of the insurance contract to solve the economic difficulties caused by illness, disability, old age and death.

Most of the operating expenses of insurance companies occur within 2 years after the effective date of the policy, so if consumers who choose to surrender the insurance policy, it is best to choose after 2 years of premium payment, because if the premium is not paid for 2 years, the insurance company will deduct a large proportion of the cost, that is, if the policy is surrendered within 2 years, the economic loss of the policyholder is almost all of the premium paid in installments, or 30% of the single premium.

The best surrender period is because most of the operating expenses incurred by the insurance company occur within 2 years after the policy is in effect, so the policyholder who applies for life insurance should think clearly and decide to surrender the policy, it is best to pay the premium for 2 years after the premium. If the premium is not paid in full for 2 years, the insurance company will have to deduct a large percentage of the premium.

The surrender agreement for the first year is only 30% of the principal, and the cash value table of the contract has detailed reference data! You can apply for a full surrender within 10 days of purchase!

According to the provisions of China's insurance law, the salesman should explain the surrender and income in detail when the customer handles it at that time, otherwise it is a phenomenon of misleading customers in violation of regulations and will be terminated by the company!

Surrender: The policyholder can bring his ID card, insurance policy, and savings card to the counter to fill in the surrender application!

Extended Leakage:

Accounting treatment: 1. This account accounts for the insurance premiums that the enterprise (insurance) shall refund to the policyholder in accordance with the original insurance contract of life insurance.

The insurance premium that the enterprise shall refund to the policyholder in accordance with the original insurance contract of non-life insurance shall be accounted for in the "premium income" account, not in this account.

2. This subject should be accounted for in detail according to the type of insurance.

3. If the original pure Soshen insurance contract of the enterprise life insurance is terminated in advance, the amount to be refunded to the policyholder shall be calculated and determined according to the original insurance contract of the life insurance, and this account shall be debited and the accounts of "cash" and "bank deposit" shall be credited.

4. At the end of the period, the balance of this account should be transferred to the "current year's profit" account, and there is no balance in this account after the carryover.

Socio-economic development is getting faster and faster, there are more and more insurance companies around us, and there are more and more types of insurance, many people want to surrender after buying Chinese life insurance, because we all know that the insurance products of insurance companies have certain defects, although they can give us sufficient protection, but the long payment time, high consumption limit are the problems we faceWhen surrendering a policy, it is generally only the cash value on the value table, which is often less than one-tenth of the amount you have paidAt the same time, we need to pay attention to the fact that we must have an understanding of the insurance company for the type of insurance, and only by thoroughly understanding the purchase, can we not regret it.

1. Why do some people have the idea of surrendering insurance after purchasing insurance?

We all know that everyone is very careful when buying insurance, because we all know that insurance is a guarantee, and it has a very positive effect on your life after buying insurance, but the long-term premium payment also makes you feel very stressed, so you will have the idea of surrendering the insurance.

2. What should we do before buying insurance.

Every insurance company has its highlight products, so we must learn to shop around, whether it is accident insurance or critical illness, medical treatment needs to be compared by multiple parties, only in this way can our fans be minimized, and at the same time, there is also an insurance hesitation period after purchasing insurance, if you want to surrender the policy, it is best to surrender the policy during the hesitation period, so as to better protect our property security.

3. How should we choose the right insurance for us?

In fact, as far as the purchase of insurance is concerned, if it is a young person, with accidental injury as the main performance, middle-aged men should take financial insurance as the main target, I hope everyone can realize this.

Generally, 85% and 90% of the amount can be refunded, because some handling fees and related interest charges may be deducted at the time of surrender.

When you surrender the policy, it will generally be related to the funds you have invested in the early stage, and then you will deduct about 3% 10% of the handling fee when you apply for insurance.

If you surrender the policy during the cooling-off period, you can get a full refund. If the cooling-off period is exceeded, the amount refunded is the amount of the cash value.

Normal surrender generally requires that after a certain number of years of the policy, the policyholder can apply for termination, and the life insurance company should refund the cash value of the policy within 30 days from the date of receipt of the application. The cash value of a policy is the amount of money that can be returned in the event of termination or surrender of the life insurance contract.

Take the annual payment of 6,000 yuan as an example. Pay for 10 years, and after 10 years, the cash value will be yuan, so how much can you get back?

1. Surrender during the hesitation period: The insurance company only charges about 10 yuan for the production cost, and will refund all the premiums paid by the consumer.

2. Normal surrender: then the calculation formula for insurance surrender is: surrender amount = premium paid by the policyholder - company management fee - commission cost - premium required for assuming responsibility Interest generated by the remaining premium.

According to the Insurance Law of the People's Republic of China, if the policyholder terminates the contract and has paid the insurance premium for more than 2 years, the insurer shall refund the cash value of the insurance policy within 30 days from the date of the notice of termination; If the insurance premium is not paid in full for 2 years, the insurer shall refund the insurance premium after deducting the handling fee in accordance with the contract.

According to the different years that can be returned, it mainly depends on how much money is paid in a year.

20,000 insurance, if you pay 1000 per year for ten years, then you basically can't get anything back, because there is a risk option when the insurance is surrendered, and the insurance gives you the corresponding protection for ten years, and 40% of your insurance is collected every year.

That is to say, if it is ten years, you will be charged 400 risk fees every year, ten years is 4000, 20,000 insurance, your handler will take away about 5000 ** fees, the insurance company will also take 3000, you can probably refund about 8000 yuan.

Because the calculation of the cash value of an insurance policy is complex, requires the use of actuarial skills, and it is difficult for us ordinary people to understand the calculation process, insurance companies are required to state the annual cash value of the policy in the insurance contract.

Ask me if you can help me do the math so that I can have a mental number.

The question number has been sent to you, but it seems that it can't be sent, how to solve it.

Or maybe you can just send it separately.

In fact, I think that in this case, the only way to do this is to contact the insurance manager you have purchased.

Summary. Life insurance surrender is about 20%-30%. Usually, about 20%-30% of the principal will be deducted for surrender, and 50%-80% will be deducted if it is higher.

In the terms of the insurance, the percentage will not be stated. Generally, the surrender is the cash value of the insurance, and if there is a dividend, the insurance dividend is added. In other words, there is no fixed amount of money to be deducted for life insurance surrender, and different products have different agreements.

Moreover, the surrender is divided into hesitant period surrender and normal surrender: the policy is surrendered during the cooling-off period, and the insurance company will refund the entire premium after deducting the production cost.

Life insurance surrender is about 20%-30%. Usually, about 20%-30% of the principal will be deducted for surrender, and 50%-80% will be deducted if it is higher. The insurance policy does not specify the percentage.

Generally, the surrender is the cash value of the insurance, and if there is a dividend, the insurance dividend will be added. In other words, there is no fixed amount of money to be deducted for life insurance surrender, and different products have different agreements. Moreover, surrender is divided into hesitation period surrender and normal surrender

If the policy is surrendered during the cooling-off period, the insurance company will refund the entire premium after deducting the cost of the chain.

Life insurance, like other commercial insurance, loses the difference between the premium paid by the policyholder and the current cash value of the policy. However, if the policyholder surrenders the policy during the hesitation period, the insurance company must refund the premium paid by the policyholder in full, up to the loss of the cost of production. Once the cooling-off period has passed, the surrender will be refunded according to the current cash value of the policy, and the policyholder may cause a large loss of auspiciousness.