How about the income of universal insurance as a wealth management product

In addition to providing life protection like traditional life insurance, universal insurance can also allow customers to have the protection of financial income. A good universal insurance can not only provide protection for death, critical illness, accident, medical treatment, etc., but also provide income protection for a universal account"Top 10 [Worth Buying] Universal Insurance Points!

Is universal insurance really that good? Here are a few things that might break your mind:

1. Universal insurance is not a panacea

In addition to providing death protection, universal insurance can also add critical illness, medical, accident and other protections, but in fact, these benefits are very large.

For example, many universal insurance plans only cover critical illness, and the number of claims is small, and there is a lack of protection for mild and moderate illnesses. The additional medical insurance has a low reimbursement amount, and lacks practical functions such as medical advance, medical green pass, proton and heavy ion.

There are other disadvantages of universal insurance, which can also be seen in this article:How much money can I make by buying universal insurance? Don't be sold, be happy.

2. Endless payment

Universal insurance is compounded and increased through the universal account, but the money in the universal account is not the premium you pay, but needs to deduct a certain fee, including the initial cost, protection fee, policy management fee, etc., taking Smart Star as an example, the cost deducted in the first year is the most, 50% of the premium paid, and it will decrease year by year in the future, but the cost of protection will increase with age, so it can be said that the deduction fee of universal insurance is a bottomless pit.

Third, the income of the universal account is not ideal

At present, the guaranteed income of the domestic universal account is generally between, and the money that enters the universal account after deducting a series of expenses is not much, the money in the universal account is small, and the annual interest rate is low, and it is difficult to return the capital in the short term.

As an insurance, the most important thing is to have a comprehensive protection function, but it is unfortunate, as an investment product, its income is gradually losing its advantage, and in general, the cost performance is really not high. If the protection has been sufficient, and you want to buy a wealth management insurance as a pension, annuity insurance or increased whole life insurance will have higher income protection, list a few more popular pension insurance, poke here:"[Stable Income] Top 10 Annuity Insurance Points Worth Buying!

Hope!

Universal generally has a minimum guarantee No matter which company is, it is generally slightly lower than the bank interest rate, and the announced interest rate is generally up to 5-6%, but it is definitely higher than the bank income, because the actual rate of return of institutional wealth management is generally 10%, which is different from the announced interest rate, and it is a product with no upper limit under the guarantee, but it requires long-term holding in order to achieve high returns. The investment channels of universal insurance generally include: ** ** (small part) bonds agreement deposits (most of them) other long-term stable investment So before choosing this product, you need to have a part of the spare funds and family basic protection has been planned and have the idea of holding it for a long time. Satisfied.

Insurance and wealth management products can be purchased with confidence!

Safety, absolute guarantee of principal safety, plus value preservation.

The biggest feature of insurance and financial management is safety and stability. Because they are all written in the contract, they are insured in the form of a contract and are protected by law! If you pay attention to the function of insurance and financial management, don't choose universal insurance, and directly do pure wealth management insurance, such as Ping An's "Zunhong Life"!

The characteristics of these products are usually short payment time, take "Zunhong Life" as an example, the shortest payment of 3 years on the line, lifelong collection, about 10 years to return to the capital, long-term income is still good, but you have to pay attention to buy insurance do not calculate the income, the pursuit of income to do investment, financial management in a broad sense is to control the existing cash, and at the same time can have part of the income, value preservation, value-added! The ultimate goal of any insurance product is protection!

Safe, definitely much safer than **.

Universal insurance is designed to provide coverage.

It depends on where you can find financial management.

Insurance is all about keeping your assets safe!

The meaning of universal insurance.

In addition to providing life protection like traditional life insurance, universal insurance can also allow customers to directly participate in the investment activities of the funds in the investment account established by the insurance company for the policyholder, and link the value of the policy with the performance of the policyholder's investment account funds operated independently by the insurance company. Most of the premiums are used to purchase investment account units set up by insurance companies, and investment experts are responsible for the transfer of funds in the account and investment decisions, and the protected funds are invested in various investment vehicles. It is a financial management method to calculate the value of assets in the investment account and ensure that the policyholder can enjoy the principal and certain interest protection of the account balance under the premise of investment operation with the help of expert financial management.

Universal insurance has a certain financial function as a financial management tool, but the most important role of insurance is protection, so in terms of related protection, universal insurance is actually out of the original intention of insurance and has developed into a variant.

Magnum Nian Qing Ant Insurance Features:

1. Flexible payment and withdrawal. But at the same time, there are corresponding management fees, initial fees, handling fees, etc., generally speaking, the initial cost is a large amount of cost conversion every year. For the later commission, the longer the funds in the account are stored, the lower the commission.

In other words, the financial management function of universal insurance includes flexible withdrawal, and how flexible it is depends on how much handling fee it can bear, so insurance companies do this to encourage funds to be retained for a long time.

2. There is a minimum guaranteed interest rate, regular settlement income, a balance of the basic interest rate for each year, on the basis of the interest rate, you can enjoy the insurance company's related investment income will return, of course, these must be deducted from the first article and other expenses!

3. There is an insured amount, that is, there is a certain protection function of life insurance, and the insured amount can be adjusted at any time.

Universal insurance is a more complex type of insurance, so you need to make a lot of effort to learn the relevant content before buying, if you buy blindly, you will let yourself suffer some unexpected losses.

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

Universal insurance refers to life insurance that includes insurance protection functions and sets up a guaranteed income investment account, which has the following characteristics: first, flexible payment and transparent fees. Generally speaking, after the initial premium is paid, the policyholder can pay the premium at irregular and irregular intervals.

At the same time, the insurance company clearly states the fees charged to the policyholder. Second, it is highly flexible and the sum insured can be adjusted. Account funds can be withdrawn flexibly under the conditions agreed in the contract.

According to the contract, the policyholder can usually increase or decrease the amount of insurance. Thirdly, a minimum guaranteed interest rate is usually set and investment income is settled on a regular basis. This type of product provides a minimum return guarantee for an investment account and can share the return on investment above the minimum guaranteed return with the insurance company.

If the policyholder chooses to purchase a universal insurance product, the policyholder should have a detailed understanding of the cost deduction of the universal insurance, including the initial negotiation fee, death risk insurance premium, policy management fee, handling fee, surrender fee, etc.; The return on investment of universal insurance products is uncertain, and the policyholder has to bear part of the investment risk; The future returns in the product brochure or the insurance benefit calculation are purely descriptive, and the investment income above the minimum guaranteed interest rate is uncertain.

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

Insurance is not a wealth management product, because insurance refers to the commercial insurance behavior in which the policyholder pays insurance premiums to the insurance company according to the contract, and the insurance company bears the responsibility of compensating for the property damage caused by the occurrence of the accident that may occur as agreed in the contract, or the insured bears the responsibility of paying the insurance money when the insured dies, is disabled, sick, or reaches the age and time limit agreed in the contract.

*Great Wall Life**

Product Name: Great Wall Jinxiang Insurance (Universal).

Insurance period: 2021-11-15 to 2021-12-31 Type: universal insurance.

Issue age: 0 years old (refers to full birth).

Xiaokang Life Insurance Co., Ltd.**

Product Name: Xiaokang Yue Yue Enjoy Both Insurance (Universal).

Type: Universal Insurance.

Issue age: 28 to 7 days from birth

Duration of Insurance: The duration of the insurance under this contract.

Zhongrong Life Insurance**

Product Name: Zhongrong Yee Hong Tianli Insurance (Participating).

Type: Life and death insurance.

Issue age: 18 years old or above.

Duration of Insurance: The duration of the insurance under this contract.

Xiaokang Life Insurance Co., Ltd.**

Product Name: Xiaokang Yue Anxin Whole Life Insurance (Universal).

Type: Universal Insurance.

Issue age: 28 days to 7 days old

Duration of Insurance: Lifetime.

Dingcheng Life Insurance Co., Ltd.**

Product Name: Dingcheng Dingtai Shengshi Whole Life Insurance (Universal).

Type: Universal Insurance.

Issue age: 28 to 7 days from birth

Duration of Insurance: The duration of the insurance under this contract.

Caixin Life Insurance shares ******

Product Name: Caixin Life Jixingbao Whole Life Insurance (Universal) Type: Universal Insurance.

Issue age: 30 days or more after birth.

Duration of Insurance: Lifetime.

GCL**

Product Name: Zhongyi Leisurely Companion Pension Insurance (Participating Type) Type: Annuity Insurance.

Issue age: 7 days old to 70 years old.

Duration of Insurance: Lifetime.

Insurance and financial management refers to the purchase of insurance to prevent and avoid financial difficulties caused by illness or disaster, to make reasonable arrangements and planning of funds, and at the same time to prevent regrets so that assets can obtain ideal preservation and appreciation, rather than making a windfall.

According to the standard interpretation, bank wealth management products should be the capital investment and management plans that commercial banks develop, design and sell for specific target customer groups on the basis of analysis and research of potential target customer groups. In the investment method of wealth management products, the bank only accepts the authorization of the customer to manage the funds, and the investment income and risk are borne by the customer or the customer and the bank in accordance with the agreed method.

The "Interim Measures for the Administration of Personal Financial Management Business of Commercial Banks" issued by the China Banking Regulatory Commission (CBRC) is for"Personal finance business"The definition is"Commercial banks provide professional services such as financial analysis, financial planning, investment advisory, and asset management for individual customers"。The personal wealth management business of commercial banks is divided into financial advisory services and comprehensive wealth management services according to the different management and operation modes. What we call in general"Bank wealth management products", in fact, refers to the integrated banking services.

Bank wealth management and insurance wealth management are different business entities. Bank wealth management products are the business operated by banks, and insurance products are the business operated by insurance companies.

The role of bank wealth management is different from that of insurance and wealth management. The main role of bank wealth management products is to pursue capital security and certain returns, and compared with insurance products, there are differences between the two in terms of risk prevention, access methods and ownership. In terms of risk prevention, insurance products and bank wealth management products can prepare for future risks, but using bank savings to cope with future risks is a self-help behavior, while insurance can transfer risks to insurance companies, which is a mutual aid behavior.

In terms of access and withdrawal, the bank deposits and withdraws freely, and the interest is calculated at the current interest rate for early withdrawal, and there is no loss of principal, while the insurance product has no concept of access and interest, and whether the insurance money can be obtained is uncertain, and the insurance money can only be obtained when the insurance expires or the insured event occurs, and the insurance will bear certain losses if the insurance is surrendered early. Whether it is insurance products or bank wealth management products, they are all affected by the general economic and financial environment, and there are uncertain risk factors, so insurance products and bank wealth management products cannot be simply compared.

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