What should I do if I can t afford to pay my life insurance for four years and want to get it back?

If you can't pay it due to financial reasons, you have 3 options: 1. Leave it for the time being, because there is a two-year reinstatement period, which means that the premium and arrears can continue to be effective within two years, and this method will cause minimal loss. 2 Reduced payment means that the cash value of the current policy is cleared to pay the premium, and the insufficient part is reduced to the sum insured, and then there is no need to pay again, and the policy still exists and is in effect.

3 Surrender The policyholder can go through the surrender procedures at the counter of the insurance company with the insured's valid ID card, bank card, and paper policy. The cash value of the fourth year is not high, and this method loses the most. All benefits will be forfeited upon surrender.

Hope. Thank you!

Do I have to surrender the policy?

If you don't exceed the 10-day hesitation period, it's okay to say, but if you do, you will lose a lot of money.

Insurance is not a general product, and the related costs when you surrender the policy are almost 80% of the fees you paid in the first year, that is, if you pay 5000, it would be good to get 1000 back......It is very convenient for the policyholder to take the original ID card, bank card and insurance contract to the counter of the insurance company to go through the surrender procedures. However, I would like to remind you that the surrender of insurance will definitely incur losses, if you do not have funds in a short period of time, you can do policy borrowing, and you can return the borrowed money and interest within half a year, and the insurance liability will not be affected.

If the coverage of the insurance is relatively comprehensive, try not to refund, and the cash value is very small. And if you want to buy insurance again in the future, the older you are, the higher the premium, the stricter the review.

If you want to return, you can apply for a refund, but the return is definitely not as high as the original, try not to refund.

Hello. Insurance is non-refundable unless covered by insurance.

Life insurance is long-term, and it may cost you a lot to surrender in the middle of the policy, so you should consult the insurance company to see how much handling fee is required to surrender the policy.

I've also bought a whole life insurance policy before.

If you don't want to hand it over in the middle.

Very few seem to be able to go back.

The part that is returned seems to be called the cash value, and it is very rare.

Go to the life insurance company to handle it.

The one who paid it before the return was lost.。。。

Introduction: Nowadays, people will choose to buy insurance for themselves in order to protect their lives. If you have a car of your own, you will also buy insurance for the car.

Only then if there is some unexpected traffic accident. If it is a natural disaster, you will be able to solve your financial difficulties in a timely manner, and the insurance company will also pay for it. But not everyone will have accidents, so this is where the profits of insurance companies lie, so how much do you know about Chinese insurance?

By consulting the relevant information, you can understand that Chinese life insurance is very secure, so many people will choose to buy this insurance. If the life insurance has been paid for three years, and then it has not been paid for two years, can the principal be returned? Here, I also learned the following information by reading the relevant information, and I hope it can help you solve the problem.

By checking the relevant information, you can understand that if the life insurance has been paid for three years, and then it has not been paid for two years, the principal can be returned. However, there needs to be some losses on the basis of the principal, and the customer can analyze the policy by looking for the best person, and after the solution is completed, it will decide whether to reinstate or surrender the policy according to the actual situation.

The consulting staff can understand that if you want to apply for reinstatement or surrender, you first need to prepare the agreement you signed when you purchased the insurance. The second is to prepare personal materials, so that it can be convenient to handle the surrender. However, there is a loss in surrender, so you need to check the cash value of the policy**.

Consult friendsBy consulting your own friends, you can also understand that in the process of surrender money, you need to take your own policy and ID card to the nearby business hall to handle it. However, there is a loss in surrender, so you need to consider carefully, and at this time, you need to choose the appropriate amount according to the cash value of your insurance and the participating insurance.

In fact, it should not be possible to return the principal, because if you surrender the policy, you will still lose money.

If you have purchased a policy with a premium payment period of more than three years, then if you do not renew it for two years, it means that the insurance has lapsed. If you can return the cash, you should go to the counter for advice.

You can apply for surrender, but the principal paid before cannot be fully refunded, and can only be refunded according to the specified percentage. For the sake of profit, insurance companies will definitely not withdraw all of them.

Chinese Life Insurance can be surrendered. The policyholder should bring the policy, ID card, and bank card to the insurance company's customer service center to handle the surrender.

Surrender during the cooling-off period.

Cooling-off period surrender refers to the surrender of the policy by the policyholder within the cooling-off period agreed in the contract. Generally, insurance companies stipulate that the policyholder has a cooling-off period of 10 days after receiving the policy. Usually, the insurance company will refund the entire premium after deducting the cost of production.

Normal surrender. Surrender beyond the cooling-off period will be regarded as normal surrender. Normal surrender generally requires the policyholder to submit an application for termination, and the life insurance company shall 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. In a long-term life insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill its contractual obligations, and when the insured requests to terminate or surrender the policy for any reason during the validity period of the insurance, the insurance company will return the balance of the liability reserve minus the cancellation deduction to the insured according to the regulations, and this part of the amount is the cash value of the policy.

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

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Hello dear! I am glad to answer for you, life insurance has been paid for 4 years, the cash value of the policy can be surrendered, generally about 75%, life insurance has been paid for 4 years, if we want to surrender, it is significantly more than the two-year payment period, and the surrender is returned according to the cumulative cash value of the policy.

How much can I get back after 4 years of life insurance?

Life insurance has been paid for 4 years, and how much can I get back now with 4080 a year.

Hello dear! I am glad to answer for you, life insurance has been paid for 4 years, the cash value of the policy can be surrendered, generally about 75%, life insurance has been paid for 4 years, if we want to surrender, it is significantly more than the two-year payment period, and the surrender is returned according to the cumulative cash value of the policy.

I don't understand. No insurance.

In this case, you can refund 12,240 yuan.

After paying for 4 years, can I get all refunded if I haven't reported insurance?

No, you can't.

To be able to fully withdraw is to withdraw within the hesitation period.

So how much money is it going to lose now?

The loss is about 4,000 yuan.

Insurance means that the policyholder pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of compensating the insurance money for the property damage caused by the occurrence of the accident that may occur as agreed in the contract. Insurance is the basic means of risk management under the conditions of market economy, and is an important pillar of the financial system and social security system.

In real life, many people will buy insurance, but sometimes they will buy insurance that is not suitable for them, and this time may have passed the hesitation period, but they still need to surrender the policy. So, what knowledge needs to be mastered after the hesitation period, just look at the next 3 points!

1. The amount surrendered

1. If you choose to surrender the insurance policy to unilaterally terminate the insurance contract during the cooling-off period, the insurance company will refund the premium in full and will only charge the relevant production costs.

2. After the hesitation period, the contract has officially taken effect, and the surrender of the insurance contract is the liability for breach of contract, which can be refunded but cannot be refunded in full, and can only be refunded in cash, which is the value of the policy. So how do you know the cash value? In the insurance policy provided by the insurance company, there is a cash value table on the second page, and the cash value for each year is calculated and fixed.

3. The surrender benefit is different for different types of insurance and the number of years that have been paid.

2. Requirements and procedures for surrender

1. The qualified person applying for surrender shall be the policyholder. If the insured applies for surrender, the written consent of the policyholder must be obtained, and the policyholder must clearly indicate who will receive the surrender money;

2. If the policyholder applies for surrender, the contract has been effective for two years and the payment has been paid for two years, and the insurance company will refund the cash value of the policy after receiving the surrender application, and if the policyholder has paid the insurance for less than two years, the insurer shall refund the remaining insurance premium to the policyholder after collecting the insurance premium for the period from the date of commencement of the insurance liability to the date of release.

3. Documents to be provided by the surrenderant when handling the surrender

1. If the insured requests to surrender the policy, the applicant shall provide the application for surrender with the written consent of the policyholder;

2. The insurance policy provided by the surrenderant to prove the establishment of the contract and the last payment certificate;

3. Proof of identity of the policyholder;

4. If the policyholder or the insured entrusts another person to handle it on his behalf, he or she shall provide the power of attorney of the policyholder or the insured and the ID card of the principal.

Take out your policy and check the cash value table on the second page of the policy, and you can see the cash value of each year at a glance. There is a loss in surrendering, and you can see how much you can return at a glance.