Is it cost effective to buy insurance for 20 years How much can I refund if I just buy it for more t

The functional significance of insurance is not different from that of deposits, and this starting point determines different results.

The general payment time of insurance is 20, 30 years or even longer, usually when saving money, when the risk comes, change a lot of money, and a safe life can also come back with interest to receive money for the elderly or pass it on to the next generation. We don't know the risk and tomorrow that comes first, through insurance can not prevent the occurrence of risk, but can pass on the loss caused by the risk to the insurance company, minimize the loss caused by the risk, especially the second blow of the family, the icing on the cake is nothing, the snow is precious, insurance is the icing on the cake, the snow is charcoal. It is a long-term financial plan in life, if you only look at the short-term benefits, then you don't need it, because its special function determines that it is impossible.

If you say that you have surrendered the policy, after the 10-day hesitation period, the surrender is definitely a loss, and the specific loss should be not small, you can call the insurance company** or deal with it over the counter.

Hello, critical illness insurance and bank savings are two family wealth management products, and there is no way to compare. They play a different role in financial management in the family, and insurance is a guarantee to protect against uncertain risks in life. There will definitely be a loss in surrender, and you can see what the cash value of your contract is.

For this situation, if you can't communicate, don't be polite if he doesn't believe him, complain to him directly, and the insurance company will deal with it properly.

First of all, let's talk about this insurance ** person has a bit of a character problem, insurance, let me give an example, you 10,000 per month, deposit in the bank, I 10,000 per month, but I take out a part of the insurance company. Five years later, we flew to play, and you only had 50,000 yuan in the bank, and I had hundreds of thousands of dollars paid by the insurance company to my family, and still ensure their quality of life. But if you pay for 20 years, you save the 200,000 plus interest.

I'm also 200,000 plus interest. But I've lived a very down-to-earth 20 years. And the interest rate of insurance companies is higher than that of banks.

What is the official talk to you, you and I have no conflict of interest, everyone is obligated to help you kindly, and I am not grateful to return this and that. If you don't want to buy it, you will return it, and you don't know that there is a cash value on it? I didn't know anything and bought it because I wanted a refrigerator, that insurance, I wanted a refrigerator to go to the mall.

It's not enough to take advantage of it, and I don't want this to be a legitimate thing. You deserve to be deceived.

The biggest difference between insurance and banks is that in the event of a risk, the bank gives the principal plus interest, while the insurance company gives the insured amount. For example: the same 10,000 yuan, 10,000 deposit in the bank, 10,000 to buy insurance, the insurance amount is 100,000, in case of risk, the bank will give you the principal plus interest 10,000 and 500, and the insurance company will give you 100,000.

Paying for 20 years can alleviate the economic pressure, and pay less for more. That's what insurance does, and with this insurance, you'll appreciate the wise choice you make today.

Insurance is insurance, deposits are deposits, and they cannot replace each other!

Regarding the amount of insurance surrender, it is closely related to the type of insurance and the time of application.

Consumption, savings, universal insurance, investment-linked insurance: refundable funds = cash value (cash value: In the first few pages of the insurance contract, there will generally be a cash value table:

Cash value at the end of the policy year", which will clearly indicate the cash value of the insurance contract corresponding to each year).

Dividend Insurance: Returnable Funds = Cash Value + Survival Fund + Dividends. Survival Gold,

Dividends: These two items are generally only available in participating insurance. Among them, the survival fund has generally been determined at the time of insurance, and the dividends are uncertain, so you can call the ** of the corresponding insurance company to inquire about the dividend amount of your policy.

Extended Materials. Article 29 The insurance company shall, within five days from the date of receipt of the certificate and materials provided by the insured, make an assessment of whether it is an insurance liability and notify the insured of the result. If it does not belong to the insurance liability, the reasons shall be explained in writing; For those who are liable for insurance, the insurance money shall be compensated within 10 days after reaching an agreement with the insured to compensate the insurance money.

Article 30 If there is a dispute between the insured and the insurance company over compensation, he or she may apply for arbitration or file a lawsuit in the people's court according to law.

Article 31 An insurance company may compensate the insured for the insurance money, or may directly compensate the victim for the insurance money. However, if the insurance company needs to pay or advance the rescue expenses due to the rescue of the injured person, the insurance company shall, after receiving the notice from the traffic management department of the public security organ, pay or advance the rescue expenses to the medical institution in a timely manner after verification.

If the rescue of the injured person needs to be paid in advance by the rescue management agency, the rescue management agency shall promptly pay the rescue expenses to the medical institution after receiving the notice from the traffic management department of the public security organ.

Article 32: Medical institutions shall refer to the relevant clinical diagnosis and treatment guidelines formulated by the competent health department to rescue and rescue injured persons in road traffic accidents.

Article 33 If an insurance company compensates for the insurance money or advances the rescue expenses, or the rescue management organization pays the rescue expenses in advance, and it is necessary to verify the relevant situation with the relevant departments and medical institutions, the relevant departments and medical institutions shall cooperate.

Article 34: The staff of insurance companies and aid management agencies shall keep the personal privacy of the parties confidential.

Article 35 The items and standards for compensation for road traffic accident damages shall be implemented in accordance with the provisions of the relevant laws.

If you want to surrender the insurance after buying insurance, you can go to the insurance company to handle it, or you can go to the insurance company to handle it directly. The amount of refund depends on the actual situation, if the policy is surrendered within the cooling-off period, the premium can be refunded in full, if it is beyond the cooling-off period, the relevant fees will be deducted.

First, we need to know which insurances can be surrendered.

If the insurance is a short-term consumer product, it generally cannot be surrendered after the insurance contract takes effect, such as: general accident insurance, travel insurance, hospitalization allowance, hospitalization reimbursement insurance, etc.; If you have purchased a long-term or return-based insurance product, it is usually refundable.

2. The amount of money refunded varies depending on the time period of insurance surrender.

There are two types of insurance surrenders: hesitation period surrender and normal surrender. Health insurance usually has a cooling-off period of 10-15 days, giving consumers time to consider and choose, while general insurance companies stipulate that the cooling-off period is 10-15 days after the policyholder receives the policy.

If you surrender the policy during this period (within 10-15 days), only the cost of production will be paid, generally about 10 yuan, and the premium can be refunded in full; However, as long as the cooling-off period (10-15 days) is exceeded, it is within the scope of normal surrender, and if the policy is surrendered at this time, the insurance company will return the cash value of the policy to the insured, which will often be lower than the premium paid, and a certain amount of cost will be lost.

Therefore, when buying insurance, we must consider our financial situation and whether the type of insurance we have purchased is suitable for us, and we must not buy insurance on impulse. In addition, if you are short of funds, you can apply to the insurance company for a reduction or use the grace period to preserve the policy.

About half, the following materials need to be prepared for the withdrawal of insurance: application for termination of contract; insurance contracts; Proof of the policyholder's legal identity. There are two types of surrender:

Cooling-off period surrender: 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 is considered as normal surrender.

Policies that have received insurance benefits are not eligible for surrender. Normal surrender generally requires that after a certain number of years of the policy, the policyholder can apply for termination, and the life insurance company should 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.

Note: In the insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill the contractual responsibility, and when the insured requests to terminate or surrender the policy for any reason within the validity period of the insurance, the insurance company will return the balance of the liability reserve minus the deduction of termination to the insured according to the regulations, and this part of the amount is the cash value of the policy.

In the case of insurance, the insurance will generally make a claim for you when you have an accident or illness, but the money you are insured will generally not be refunded to you even if you don't buy it.

If you purchase insurance and the insurance is interrupted due to your own reasons, you can only get back a small part of the amount you have paid, so please consult the insurance specialist in charge of you.

General life insurance is divided into principal return type (wealth management type) and consumption type.

1. After the expiration of the insurance, the principal can usually be recovered, because the premium of this type of insurance is usually higher, and the actual protection is only paid through the interest of this premium, so the principal or principal + interest may be recovered when the contract expires.

2. Consumer insurance often cannot get back the principal after expiration, because the premium of this type of insurance is very low, the leverage is very high, a few hundred yuan can buy tens of thousands of yuan of protection, and you can get high compensation if you have an accident during the insurance period, and you will not return the insurance money if there is no accident.

Whether the insurance money can be refunded depends on the specific type of insurance and the insurance contract, and the insurance company will judge. So is this type of return-based insurance worth buying? Dad recommends you to take a look at this article "When you save money for a sick claim, is it worth buying return-type insurance?" 》

What kind of losses may I lose if I surrender the policy?

If the policy is surrendered after the cooling-off period, it will bring certain losses to the consumer. Specifically, there may be the following losses:

1.Surrender is likely to result in an unintentional, unexpected, unplanned loss of economic value to you financially.

2.If you surrender the policy and re-apply for the policy, especially after a certain period of time, you will pay more premiums due to your age.

3.If you surrender the policy and consider taking out a new long-term life insurance policy, the liability waiver period will be recalculated. If the insured event occurs during the liability waiver period, the insurance company will not compensate the policyholder.

4.If you surrender your policy and then apply for insurance, you may be denied coverage due to a change in your medical condition or exceeding the required age, thus losing your right to insurance coverage.

If you still don't know the relevant operation process or related matters after the expiration of the insurance, you can click here

Questions. Why haven't you replied yet?

Twenty years of insurance expires and all will be returned, it depends on what insurance you buy, if it is a serious illness and accident insurance can not be refunded, if it is a pension insurance for 20 years, it can be fully returned.

Whole life insurance cannot be fully surrendered after 20 years. After the expiration of the payment period, the policyholder can still enjoy the protection of life insurance, and will get a certain amount of insurance payment after death, and if the conditions for survival insurance payment are met, you can also get an additional survival insurance payment. Besides, after the whole life insurance is fully paid, it is not cost-effective to choose to surrender the policy, not only the end of the coverage, but also the value of the policy is not high.

If you buy an insurance policy for 20 years, you may not be able to return the entire principal at the end of the year, and the key depends on whether the insurance product contains the return liability.

For example, both insurance, generally with maturity return liability and death liability, is a very typical return type of insurance, if the insurance is this type of insurance products, then when the protection period expires, you can get back the principal.

If you are not familiar with return insurance, you can take a look at this popular science: what is the difference between consumption, savings and return insurance? Which is the best deal?

For example, term critical illness insurance, term life insurance, etc., if the insured does not have an insured accident during the protection period, the premium will be consumed and the principal will not be returned.

In addition, there are some types of insurance that are more special, although the principal is generally not returned directly, but the income is likely to exceed the amount of the principal, that is, the increase in whole life insurance, annuity insurance and other insurance with strong financial management functions.

Incremental whole life insurance is a whole life insurance policy in which the sum assured increases over time, which means that the longer the insured person lives, the more he or she will lose.

At the same time, the cash value of incremental whole life insurance is growing, and the later income is very substantial.

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Different insurance companies have different business regulations, and the same insurance company has different types of insurance surrender regulations and procedures, so it is recommended that you contact the insurance company for verification.

If you need to consult Ping An Insurance, you can call Ping An Life 95511-1, Ping An Auto Insurance, Property Insurance, Accident Insurance 95511-5, and Ping An Pension Group Insurance 95511-6.

Generally, 20 years of insurance is guaranteed for life, and you can return it after 20 years, but at the same time, it will not protect you, so if you want to protect it all the time, don't return it.