Is it reliable to buy returnable insurance? Is return based insurance worth buying?

Now there are a lot of return-type insurance on the market, under the banner of "buy protection for free", so that everyone has an illusion: if you are sick and have an accident, you can get compensation, and if you don't have an accident, the money can be returned, which is equivalent to enjoying the protection of the insurance company in vain. However, the biggest pitfall of return-based insurance is that the premium is expensive!

For example, a 30-year-old man also buys a full amount of 500,000 yuan of critical illness insurance, pays for 30 years, and protects him for life, with a return premium of about 14,000 yuan and a pure protection of about 5,500, and the premium has increased by more than 2 times. Return-based insurance is essentially a combination of critical illness insurance and comprehensive insurance. Endowment insurance is a product that combines the function of term life insurance and the obligation to pay a survival fund at the end of the insurance term.

The return function can be achieved, mainly because of the responsibility of maturity payment. You may think that if you are sick, you will lose money for treatment, and you will not lose money if you are not sick? However, there is no such thing as a free lunch, and the return critical illness insurance does not have high returns, but the premiums are very expensive.

The essence of it is: the insurance company takes the premium we have paid, goes to manage the money, and returns some of it to us decades later, which sounds good, but the actual return is not high. We have calculated the IRR of a large number of return-based products, and the actual annualized return is only about 2%, and considering inflation and lack of liquidity, return-based insurance is really not cost-effective!

Here the little camel suggests that if you have this spare money, it is better to buy a higher insurance amount, or a longer period of protection, or use the extra money to manage your finances, I believe you will not "lose"!

If it is financial insurance, such as annuity insurance, dividend insurance, universal insurance, etc., and what can really be obtained, that is, the guaranteed income, is generally better than depositing in the bank. If it is critical illness insurance, it is even more unreliable, not only the premium is high and the sum insured is low, but also only the surrender of the policy can receive money, and the premium that has not yet been paid may not be high, so it is not recommended.

How does return-based insurance trick people? Why don't you buy it? Can it really be recouped? Look at ** and you'll know! I'm Deep Blue Insurance, focusing on insurance evaluation! Pay attention to Deep Blue Insurance, teach you to buy insurance and not pick pits

For people who want to save money and have the need to invest in financial management, return-type insurance is worth buying.

Return-type insurance, also known as savings insurance, means that the insurance company will return a sum of money to the insured or beneficiary if there is no insurance at the time agreed in the contract.

Interested friends can click here:

"If something happens, there will be money to pay, and the money will be paid back to you if you have nothing to do - return insurance! 》

If you have a disease, you will lose money, and if you have no disease, you will be returned"These eight words, like a magic spell, attract consumers to follow one after another, is the return insurance really that perfect? Don't rush to buy it first, you must not know these routines of return-type insurance:

1.Small coverage: For example, most returnable critical illness insurance plans only cover death in a traffic accident and do not cover general disability.

2.Return-based insurance** is more expensive: Return-based insurance is often 1 times more expensive than consumer-based insurance.

3.Occupy a budget: I believe that most people do not have too much budget to buy insurance, and if they buy it back, they will not have the money to buy other insurance.

4.Early death or critical illness: If you buy a returnable critical illness insurance and die or become seriously ill before you live to reach the specified return age, then the additional 30%-70% of the annual premium will be considered filial piety to the insurance company.

Like other insurances, it pays out the sum insured and doesn't give you more.

The latest six returnable critical illness insurance products worth buying in 2021 are here! 》

Then again, is return-based insurance really useless? Not necessarily! These kinds of people can still buy it!

1.People who can't save money regard the fixed annual deduction of premiums as compulsory savings.

2.People who have a need for asset allocation, that is, you have enough money and have the budget to invest and manage your finances.

3.People who don't know how to manage money can not only get protection, but also receive a sum of money in the end.

"Seven Return-type Critical Illness Insurance Points Worth Buying! 》

[Written at the end].

I am [Xueba Says Insurance], focusing on objective, professional and neutral insurance evaluation;

I will give you the most professional advice with years of experience in configuring insurance for 10w+ families.

Is the return insurance reliable? What about return-based insurance? I am a dedicated insurance broker, focusing on insurance services! Help you shop around and buy the right insurance

Why is it not recommended to buy return-type insurance? Is return-based insurance reliable? Gao Tong, I am Deep Blue Insurance, focusing on insurance evaluation! The wide slag pays attention to the dark blue insurance and teaches you to buy insurance and not to mine pits

To put it simply, return-type insurance refers to insurance that will refund the premium after the expiration of the insurance period if there is no insurance during the coverage period.

Therefore, the return insurance is actually only available if there is no insurance, and the premium is usually relatively expensive and the leverage is not very high, so it is not recommended for working-class families.

If you want to know more about this, you can see:"If something happens, there will be money to pay, and the money will be paid back to you if you have nothing to do - return insurance!

Taking critical illness insurance as an example, in addition to return-based critical illness insurance, critical illness insurance can also be divided into consumption-based critical illness insurance and savings-based critical illness insurance.

Returnable critical illness insurance is an insurance with both premium refund liability and death liability, and the premium is more expensive than the other two types of insurance.

Consumer-based critical illness insurance generally refers to insurance that protects term or life insurance without death protection, and its characteristic is that after the end of the protection period, no claims have occurred, and the premium cannot be recovered.

So why do many people still choose to apply for consumer-based critical illness insurance? Here's why:Why choose consumer-based critical illness insurance? If you don't go out of business, the premium will not be paid in vain!

Savings critical illness insurance is a lifelong insurance that includes death benefits, and this type of insurance can be paid even if the insured does not suffer from a critical illness during the coverage period, and can still be paid after natural death.

Generally speaking, it is recommended for those who have a budget to purchase savings critical illness insurance, which is cheaper than return-based critical illness insurance, and protects both illness and death, and lasts for life!

In addition, if you want to know more about these types of insurance, you can see:What is the difference between consumption, savings, and return insurance? Which is the best deal?

That's all I've got on the issue, I hope it helps! Hope!