Chinese Shouguo Life Fubao will return to the original for life

As one of the classic products of Chinese Life Company, Guoshou Fu is a critical illness insurance product with high sales but mixed reviews. Some time ago, China Life Fu was upgraded and adjusted, and I received the news on the same day that I evaluated the upgraded China Life Fu, but found that I do not recommend buying, due to limited space, I wrote the detailed reasons here:Guoshou Fu has been upgraded again?

Is it worth buying this time?

It mentions in detail the protection content, advantages and disadvantages of Guoshoufu, what you should pay attention to when buying Guoshoufu for the first time, and you can save it if you need to look at it.

Let me briefly talk about what new protection content has been updated after the upgraded China Life Blessing Premium Edition, and do you want to buy it as a consumer?

1. What is the content of the Guoshoufu update, and is it better than the previous one?

Let's take the China Life Blessing Premium Edition, the China Life Blessing Supreme Edition and the China Life Fortune Premium Edition, and see what are the upgraded and optimized safeguard measures:

Direct conclusion: The main adjustments are these: The number of claims for minor illnesses has increased The number of critical illnesses covered has increased.

2. Is it worth buying the National Life Blessing Edition?

Although 3 minor illness compensation is the main upgrade content of China Life Fu, it is relatively sincere, but after all, it is a large company, and the daily expenses are very large, ** is not low, if it is not a friend who has a soft spot for the China Life brand, it is still recommended to look at other products.

I compared the hot-selling critical illness insurance products of large companies on the market in 2020, the length is too long, and it is inconvenient to display, you can take a look at this articleTop 10 best-selling critical illness insurance products

I believe that after reading it, you can easily choose the right critical illness insurance for yourself.

That's all for me"Chinese Shouguo Life Fubao will return to the original for life"All, look!

Not only will there be a good amount of interest to get when the return comes!

Can death be aborted to children?

Payment is made in accordance with the provisions of the guarantee contract.

The sum insured is much more than the principal.

The death benefit should be more than the principal.

Can Chinese Life Guoshou Whole Life Insurance (Supreme Edition) return the principal? No. Whole life insurance is a life insurance product with no payout on death, and the insurance company pays the death benefit cash when the insured dies.

However, the policy has a cash value.

The cash value refers to the amount that is refunded by the insurance company to the policyholder when the policyholder surrenders the policy or the insurance company terminates the insurance contract. Therefore, the cash value of the policy is also known as the "cancellation refund" or "surrender value".

For example, if the basic insurance amount of the contract is 500,000 yuan, and the corresponding cash value of the third policy year is, the corresponding cash value of this contract in that year is yuan, and if the policy is surrendered in the third year, 4,800 yuan can be refunded, and the contract will be terminated after surrender. The basic sum insured is clearly indicated on the first page of the contract.

Characteristics and functions of cash value:

1. How to calculate the cash value: the cash value of the policy = the premium paid - the operating cost - the salesperson's commission - the net premium + the interest generated by the remaining premium;

2. Several circumstances for the refund of cash value: The insurance company terminates the insurance contract according to the regulations; The policyholder voluntarily terminates the insurance contract; Other circumstances for the refund of cash value as agreed in the Terms;

3. The function of cash value: surrender; Policy Loans; An insurance policy with a policy loan allows the policyholder to borrow up to 80% of the policy cash, and the term of each loan is generally not more than 6 months; policy dividends;

4. Characteristics of cash value: With the growth of the protection period, the interest generated by the remaining premium of the policy will gradually accumulate, and after a certain number of years, it will even be greater than the premium paid.

5. Safe financial instruments: Since the cash value of the policy will generate interest, and it is written into the contract and rigidly paid, it can be used as a long-term financial management tool with safe principal. For example, the two long-term savings insurances, increased whole life insurance and annuity insurance, can be allocated as a supplement to the safe and principal-protected assets.

If the time is long enough, the cash value can be enough for the principal, but the surrender means that the contract is over and the protection is gone, so why buy it?

China Life Fu does not have a return function, because under normal circumstances, the type of insurance with premium return is both-insurance, and this combined insurance product does not have both-full insurance to add. China Life Celebration Edition is a savings type of critical illness insurance, not a return of critical illness insurance, can be surrendered and surrendered to cash value, its main insurance type is whole life insurance, additional insurance type is critical illness insurance, and can also flexibly add premium waiver liability. There are two situations to get your sum insured, one is death, and the other is that you can only surrender the policy to receive the cash value in advance in the event of a critical illness.

Among them, there is no premium return liability in the insurance liability of this product, so it cannot support premium return. However, although the premium is non-refundable, it can be waived with a premium. If the insured is diagnosed with a mild illness as agreed in the product during the insurance period, or the insured is diagnosed with a critical illness before the premium is paid, the premium that needs to be paid in the later period can be waived.

1. Advantages and disadvantages of the National Shoufu Celebration Edition.

1.Merit. There are a complete range of diseases, such as 120 types of critical illness, and 60 types of minor illness protection, and the mild illness protection almost covers all the high-incidence mild diseases, and it can be paid multiple times, the protection is still a lot, and after the critical illness is paid, the main contract will not be terminated.

2.Shortcoming. did not follow the mainstream, and the product form is still relatively traditional.

Will the policy be automatically surrendered if I don't pay for one year?

Even if the insurance is not paid, it will not be automatically surrendered.

However, it is necessary to remind everyone that if the insurance has not been paid, the insurance contract will be terminated after the 60-day grace period stipulated by the insurance, and the insurance contract will temporarily lose its validity.

Therefore, if you forget to pay the premium, it is best to pay the outstanding premium within the 60-day grace period so that you can continue to enjoy the insurance protection.

The period of about one year is also within the suspension period, but beyond the suspension period, after which is the termination period, you can only choose to surrender the policy.

Of course, if you don't plan to pay the premium for any other reason, you can also apply for a surrender of the policy.

Even after the suspension period and the policy lapses, the insurance can be surrendered; Within two years from the date of temporary lapse of the policy, customers can still apply for reinstatement, which is the suspension period, so customers can also choose to pay the premium in full within these two years to restore the validity of the policy.

However, if two years have passed, the insurance will be permanently invalidated, and the customer can no longer apply for reinstatement, which is the termination period that Xiaoxin said. Therefore, Chinese Life Guoshou Fu is a whole life insurance, and in addition to surrendering the cash value or insurance compensation, the principal will not be refunded.

Guoshoufu does not have a return function, and you can get your sum insured in two situations, one is death, and twenty is critically ill.

Early payment can only be surrendered to the cash value.

1.The 21st edition of China Life Fu cannot be surrendered in full after 20 years of payment, and the insured will not be refunded after 20 years of payment, nor will the premiums paid, the policyholder can only obtain the cash value of the policy by surrendering the policy, and the policy will also be invalid, the policyholder will inevitably suffer certain losses, and the policy can not be surrendered in full without a valid reason. China Life Fu 21 version can be guaranteed for life, the policyholder can choose the payment period, can be paid in a single payment, can also choose to be divided into 10 years, 20 years, 30 years to pay, can also choose to pay monthly, the policyholder can agree with the insurance company according to their own economic strength.

2.The role of insurance is:

The purpose of compensating for losses caused by accidents and disasters is achieved by paying a certain amount of premiums; Carry out the potential risk to prevent huge losses from accidents; Some insurance products can also be used as an investment: in fact, buying insurance for the family is equivalent to buying a guarantee, to ensure the stability of the family's main economy, if the insured can not continue to generate income once the accident occurs, then the insurance compensation can also reduce the family's economic pressure.

Extended Information:1Is it necessary to buy insurance?

In the final analysis, insurance is a tool for financial risk transfer, and to put it mildly, it is "the continuation of economic life". "To exist is to be reasonable", insurance is not something that was born yesterday, nor is it something that has died out in the long river of history. Insurance has been around for hundreds of years, from the very beginnings of marine insurance to the present, and if you are still struggling with whether something that has existed for hundreds of years is necessary.

I believe history has told you the facts.

2.There are several types of insurance:

1) Critical illness insurance: Critical illness insurance mainly solves the expenses and income problems of the insured due to critical illness. It is worth mentioning that the payout of critical illness insurance can be used freely.

2) Accident insurance: Accident insurance, as the name suggests, is the financial compensation required by the insured for personal disability caused by accidental injury. Accident insurance is divided into: accidental dismemberment, accidental death and accidental medical treatment. Pay attention to the category of accidents, sudden death, altitude sickness, etc. are not accidents.

3) Medical insurance: Medical insurance mainly solves the reimbursement of medical expenses caused by illness of the insured. It should be noted that medical insurance is reimbursement, that is, you will be reimbursed as much as you spend.

4) Life insurance: Life insurance is mainly used to compensate for the interruption of income due to the unfortunate death of the breadwinner of the family.

No matter which version of Guoshoufu, after the age of 18, after the waiting period, you can get the sum insured claim anyway. If there is a specific illness agreed in the insurance contract during the payment period, not only can you get 20% of the insured amount to be claimed, but the subsequent premiums will be waived, and the critical illness or death insurance is still valid, which means that either the insurance amount for the critical illness claim agreed in the insurance contract will appear, or the insurance amount will be claimed after death.

If you want to know more about insurance, you can also send me a private message.

Non-refundable.

China Life Fortune is a whole life insurance for life, there is no maturity survival benefit, so there is no surrender amount, but there is a death insurance benefit, that is, if there is no critical illness within the scope of the contract has not been claimed, after the end of old age, there will be a death benefit left to the beneficiary, the amount of this money is based on the basic sum insured, cash value, and the maximum value of the premium paid.

Can Chinese Life Guoshou Whole Life Insurance (Supreme Edition) return the principal?

Hello dear, China Life Fortune Whole Life Insurance Supreme Edition is not a return-type insurance insurance, so it will not return to the capital. Its insurance liability is mainly death benefit, the death benefit before the age of 18 pays the premium, and the death benefit after the age of 18 pays the sum insured. If you choose the death benefit, you will no longer be able to receive the aggravated illness benefit, and vice versa.

The premium returned by the return type insurance is actually the premium we overpaid, and it is not recommended to purchase the return type insurance product for families with average economic conditions.

Summary. Hello, China Life Fu does not return the principal, only 300,000 yuan of death insurance. Because of the additional critical illness, China Life Welfare can cover 80 or 100 critical illnesses and 30 specific diseases.

For example, the Supreme Edition pays 300,000 yuan for the diagnosis of major diseases and 60,000 yuan for the diagnosis of specific diseases. However, it should be noted that China Life Critical Illness Benefit can only be paid once; As for the mild illness benefit, in addition to the Premium version, which can be paid three times, the Supreme and Premium versions can only be paid once. In addition to this, there is also a premium waiver for China Life Fortune.

As for the premium, Premium is paid for 20 years, while Premium and Premium are paid for 19 years. The annual premiums to be paid by all three are about the same.

Can Chinese Life Guoshou Whole Life Insurance (Supreme Edition) return the principal?

Hello, China Life Fu does not return the principal, only 300,000 yuan of death insurance. Because of the additional critical illness, Guoshoufu can cover 80 or 100 major diseases and 30 specific diseases. For example, the Supreme Edition pays 300,000 yuan for the diagnosis of major diseases and 60,000 yuan for the diagnosis of specific diseases.

However, it should be noted that China Life Critical Illness Benefit can only be paid once; As for the mild illness benefit, in addition to the Premium version, which can be paid three times, the Supreme and Premium versions can only be paid once. In addition, China Life Fu also has a waiver of premiums. As for the premium, Premium is paid for 20 years, while Premium and Premium are paid for 19 years.

The annual premiums to be paid for the three are almost the same.

China Life Whole Life Insurance Premium Edition.

I won't return it.

Is there a death benefit? Yes,

No refund, it is mainly divided into the Supreme Edition and the Premium Edition, etc., but no matter which version, there is no refund, only providing critical illness protection, mild illness protection and death benefit, etc., the specific coverage can be found in several versions of the contract terms respectively. If you need to get your premiums back, you can only get the cash value of the policy by surrendering the policy.

However, the cash value is certainly not as good as the premiums paid, so it is important to consider carefully.

If you need to get your money back, you can choose a covered history insurance with a return liability, such as a return-type critical illness insurance.

Wait. Extended Materials].

China Life Whole Life Insurance provides death benefit, during the insurance period, the insured dies due to an accident or illness after a waiting period of 180 days, and the insurance company will pay 100% of the basic sum assured. In addition, it should be noted that if the insured dies due to illness during the waiting period, the insurance company will refund the full amount of the premium paid and the insurance contract will be terminated. This whole life insurance can also be supplemented with early payment critical illness insurance, which provides coverage for critical illness, minor illness, and insured waiver.

Whole life insurance is a savings type, and the insured can get the insurance money regardless of whether it is survival or death. It is suitable for people who can afford it and have an estate plan.

Analysis of the advantages of China Life Welfare Whole Life Insurance:

1.There are many types of illnesses covered by the insurance.

The whole life insurance product is more comprehensive, it covers more than 100 critical illnesses.

and more than 20 specific diseases, I will not give examples here, so the protection of this product is very comprehensive and in line with the needs of people now.

2.Cost-effective and flexible payment.

There are two options for the payment of China Life Whole Life Insurance products, 20 years and 30 years, on the basis of improving protection and maintaining stable premiums, the payment period is further shortened, so that the policyholder can save a certain amount of premiums by purchasing the product, and the insurance company will give back to the majority of consumers, which is a wise move for you to apply for critical illness insurance.

3.Accident is equivalent to claiming.

After the waiting period of the insurance, the insured is diagnosed with more than 20 specific diseases as agreed in the insurance contract for the first time, which can be one type or another, and the insurance company will pay 20% of the basic insurance cost, and the agreed upper limit of 100,000 yuan will also be cancelled, and the payment of the insurance benefits for specific diseases will not affect the payment of insurance benefits when the next major illness is diagnosed. There is one condition for certain illnesses: this is paid only once for each specific illness.