What does the definition of annuity insurance mean, and what does annuity insurance mean

Hello, these are two different types of insurance. The specific differences are as follows:

1. Critical illness insurance.

Definition: refers to the insurance in which the insurer pays a fixed amount of insurance benefits according to the critical illness insurance contract when the insured is diagnosed with a critical illness specified in the policy.

Critical illness insurance covers diseases such as myocardial infarction, coronary artery bypass, cancer, stroke, uremia, severe burns, sudden hepatitis, paralysis, major organ transplant surgery, aortic surgery, etc., and the specific content of these diseases is explained in detail in the insurance contract. For example, Kanghuibao introduced 130 types. Due to the high degree of protection and large demand for this type of insurance, it is more popular in China, and the diseases covered are increasing.

2. Annuity insurance.

Definition: refers to the insurance in which the insurer pays the insurance money to the insured in a regular and regular manner in accordance with the amount and method agreed in the contract and within the agreed period of time during the life of the insured.

In addition, annuity insurance may or may not have a definite term, but it is paid on the condition of the survival of the insured of the annuity insurance. In the event of the death of the annuity recipient, the insurer immediately terminates the payment.

3. The biggest difference:

Critical illness insurance refers to an insurance that pays the insurance premium according to the fixed amount agreed in the contract when the insured is diagnosed with a critical illness specified in the policy. Annuity insurance, on the other hand, is an insurance that takes survival as the condition for paying insurance benefits, and the payment interval does not exceed one year (including one year). This is also the biggest difference between annuity insurance and participating insurance.

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

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Annuity insurance is a kind of life insurance product that takes the survival of the insured as the condition for paying insurance benefits. To put it simply, it means that the insurance company must pay the insurance money to the insured according to the regulations to meet the survival needs of the insured as long as the policyholder pays the insurance fee on time within the time limit specified in the contract. Therefore, it can be said that annuity insurance provides a certain amount of financial income to the older beneficiaries.

Annuity Insurance Product Information.

Annuity insurance is intended to protect against the need to maintain basic necessities due to the fact that the beneficiary is old and has lost the ability to work and has no income**. However, due to the different types of annuity insurance, the specific role naturally needs to be analyzed.

Annuity insurance means that the policyholder or the insured pays the insurance premium at one time or on time, and the insurer pays the insurance premium annually, semi-annually, quarterly or monthly on the condition of the insured's survival until the death of the insured or the expiration of the insurance contract.

Annuity insurance is popular because of the number and frequency of its benefits. Being able to get a sum of money on a regular basis is something that every investor is very happy to see.

Extended Information: How to Receive Annuity Insurance?

Annuity insurance itself is also a very complex insurance, because it involves annuity payment, so there are many different ways to receive it.

In terms of the number of years of pension, some can be received for life, from the effective date of the insurance contract to the old age of the insured, you can receive annuity, this type of annuity insurance we generally use as a pension. The other is to receive it on a regular basis, for example, if you buy it when the child is born, and you can start receiving it regularly until the child is an adult or goes to college.

In terms of the payment cycle of annuity, it is relatively simple, most of the annuity insurance is paid once a year, but some insurance companies are directly to the customer's bound bank card, and some are stored in the annuity account, which can be withdrawn at any time when the customer needs it, or it can be collected multiple times.

How to buy annuity insurance?

There are many types of annuity insurance, if you are a friend in need, you can consult the insurance marketer around you, I suggest here, you can not blindly follow the trend to buy, you must find your own needs, insurance financial management is the most conservative way of financial investment, we can take annuity insurance as their future rigid needs, to plan, in other words, if you want to have a stable cash flow in the future, you can choose annuity insurance, if you are pursuing high returns on investment and flexibility of funds, Then it may be better to choose other investment methods.

What is the difference between whole life insurance and annuity insurance?

1. Different definitions.

Whole life insurance is a kind of irregular death insurance that requires the insurer to pay the insurance money whenever the insured dies after the insurance contract is concluded.

Annuity insurance, on the other hand, is a kind of life insurance that pays insurance benefits annually, semi-annually, quarterly, or monthly on the condition of the insured's survival until the death of the insured or the expiration of the insurance contract, so as to ensure that the insured can obtain economic benefits when he is old or incapacitated.

Second, the purpose is different.

Whole life insurance provides financial security after the death of the insured, and is more used for estate planning; Annuity insurance, on the other hand, is more of an economic reserve to prevent the insured from losing income** or depleting his savings due to a long lifespan.

Therefore, after taking out whole life insurance, you must wait until the death of the insured person to receive the death insurance benefit; After taking out annuity insurance, as long as the insured survives to a certain age, the insurance company will pay a certain amount of survival insurance according to the contract.

The difference between whole life insurance and annuity insurance.

Annuity insurance is a very popular type of insurance, which is more inclined to asset management in terms of protection, providing financial protection for the future life of the insured.

Annuity insurance means that the policyholder pays the insurance premium at one time or on time, and the insurance company pays the insurance premium on an annual, semi-annual, quarterly or monthly basis on the condition of the insured's survival until the death of the insured or the expiration of the insurance contract. According to the different terms of insurance benefits, it can be divided into term annuity insurance, life annuity insurance, and joint annuity insurance, and the common education insurance and commercial pension insurance belong to the category of annuity insurance.

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Advantages of annuity insurance

Safe and robust, mandatory storage, and versatile.

Who is annuity insurance suitable for?

People who have already done a good job of protection insurance

Before buying annuity insurance, you should first confirm whether your protection insurance is fully equipped, such as critical illness insurance, medical insurance, accident insurance and other protection. Protection insurance is related to the survival of the insured, and only with this kind of protection can you have the opportunity to enjoy asset protection, so annuity insurance is suitable for people who have already done a good job of protection insurance.

The economy is in good shape and there is a need for asset management

Annuity insurance can play a role in the purpose of empowering assets, and the insurance cost is relatively high, so in order to ensure that there is a sustainable and stable ability to pay in the future, annuity insurance is more suitable for people with sufficient insurance budget, good economic status, and asset management needs.

There is a need for education and pension security

If you want to protect education and pension expenses, annuity insurance is also very suitable for purchase, in addition to stable returns, high security, you can also choose flexibly according to your own protection needs, and the protection can be very targeted. Other insurance questions can be consulted.

Freedom Life Annuity Insurance.

What is the definition of annuity insurance? Annuity Insurance Product Information.

Annuity insurance, also commonly known as annuity insurance or annuity, is taken literally, and it can be seen that annuity insurance is linked to time and money. It refers to the situation that the policyholder pays the insurance premium according to the agreement in order to meet his survival needs, and the insurance company needs to pay the insurance money according to the signed insurance contract until the policyholder dies or the insurance contract expires.

Other insurance questions can be consulted.

Pre-sales product consultation: 400-880-3633

After-sales service: 95362

The growth of a family is like a boat sailing on the sea. The guarantee of safety and stability is the first, and only by doing a good job can we move forward at a higher speed. Annuity insurance can be used as a "lifebuoy" in family wealth allocation, helping us share the risk of future certainty and reduce the burden of future education and pension.