Is China Life Fortune Full House Pension Insurance a condition insurance for death benefits?

Annuity insurance is an endowment insurance, which starts to receive a pension in the year you specify, and does not depend on death.

As a very representative product of China Life's critical illness insurance, China Life Fu is among the best in the market in terms of popularity and sales by virtue of the many ** people of China Life, but it is mixed in terms of word-of-mouth In order to adapt to the constantly updated insurance market, China Life Fu was also updated some time ago, but after I thoroughly evaluated the China Life Fu Ultimate Edition, I do not recommend buying, and you can take a look at my article for reasons not to recommend:An article to help you understand this upgrade of Guoshoufu?

It mentions in detail the protection content, advantages and disadvantages, and issues to be paid attention to before buying, so you must read it before buying.

Let me briefly talk about whether the content of the upgraded China Life Welfare Insurance has changed, is it worth buying?

1. What terms have been improved by the upgraded China Life Blessing?

Let's take the China Life Blessing Premium Edition, the China Life Blessing Supreme Edition and the China Life Fortune Premium Edition to see what new changes are made in this update:

Direct conclusion: The main changes are these two points: Increasing the number of minor illness claims The premium version enriches the types of critical illnesses covered.

2. Is it worth buying the National Life Blessing Edition?

Although the three minor illness claims are the biggest highlight of the updated China Life Blessing, it is relatively sincere, but after all, it is a large company, and the annual brand advertising cost of the company is very high, ** is not low, if you want to choose a more cost-effective and adequate critical illness insurance person, I do not recommend buying the China Life Blessing Ultimate Edition.

I compared the hot-selling critical illness insurance products of large companies in the market in 2020, which is not very convenient to show here, you can check out this articleThe latest inventory in 2020, ten critical illness insurance companies worth buying

It introduces the critical illness insurance products that are worth buying this year, and see if there are any that meet the requirements for you and your family.

That's all for me"Is China Life Fortune Full House Pension Insurance a condition insurance for death benefits?"All, look!

Dear, hello, China Life Fulu Mantang Pension Insurance, 1. Coverage age: 30 days old to 64 years old; 2. Payment period: 5 10 20 lump sum; 3. Age:

50 55 60 65 years old; 4. Receiving period: 20 years; 5. Pension collection: It is divided into equal payment according to the contract every year, and the first year according to the agreed payment, and then the annual increase of 5%; 6. Death benefit:

If the annuity does not start to be paid, the party with the larger compensation is compared according to 200% of the premium paid and the cash value; If you have already started receiving the annuity, you will be paid the remaining amount in a lump sum. 7. Dividends: You can receive them in cash, or you can not receive them to achieve compound interest.

Fulu Mantang Pension Insurance (Dividend) (Premium Version) is an old-age pension insurance product launched by Chinese Life Insurance Company, and the popularity of this product in the market is still quite high. Next, the senior sister will introduce this product to you and see how this product is.

Friends who don't know about annuity insurance, you can take a look at this article first:Is annuity insurance good? Is there anything I need to pay attention to? What are some good products?

1. Insurance rules.

The insurance age of Fu Lu Mantang Pension Insurance (Participating Type) (Preferential Version) is more than 28 days old and under 60 years old, which is narrower than some products of the same type with a maximum insurance age of one year on the market.

In terms of payment period, this product can be paid in a single payment and on time, and we can choose the longest payment period of 20 years.

Friends who don't know how to choose the payment period, you can read this article:How to choose the payment period so that you will not lose?

2. Guarantee content.

If the insured dies after the expiration of 25 policy years from the date of the start of receiving the pension, the insurance company is not liable to pay the death insurance benefit.

As a participating insurance product, this product contains policy dividends, and there are two ways to distribute dividends, namely cash collection and interest accumulation.

In general, this Fu Lu full house pension insurance (dividend) (preferential version) protection content is not rich, on the whole, this annuity insurance product is decent, if you feel that this product does not match your own protection, senior sister suggests that you look at other similar types of products on the market. Hope.

Chinese Life Fulu Mantang Pension Insurance (Dividend) (Premium Version) can be guaranteed to receive it for 25 years, and the product itself has advantages and disadvantages. As for whether it is "optimal", it depends on how well the product protection matches the individual's insurance needs. Next, the senior sister will give you an analysis of this pension insurance.

Friends who are interested in Chinese life and its products can also take a look at this article first: freshly baked! The top seven [Chinese Life] insurance products in terms of cost performance.

Then let's take a look at the product evaluation chart of China Life Fulu Mantang:

The basic protection content of this pension insurance is the pension and death insurance benefits, and the protection content is decent and not particularly outstanding. Moreover, this is a participating insurance, which has more dividends than ordinary annuity insurance products. Some friends may be more interested in "dividends", so I will tell you about it.

The dividend income of dividends is actually unstable, and even the dividends may be zero in some years. Whether there is a dividend distribution in a specific accounting year depends on the operating conditions of the participating insurance business, and the insurance company cannot give a guaranteed interest rate in advance. Therefore, participating insurance is not necessarily the best choice for us to maximize our wealth Friends who want to know more about participating insurance can also take a look at this article:

About the participating insurance, what the salesman will not tell you.

So we don't have to buy dividend insurance, ordinary annuity insurance is also good. When buying pension insurance, we should not only look at the content of the insurance, but also look at the IRR (internal rate of return). Now the IRR of good annuity insurance products on the market will be infinitely close, and only a small number of annuity insurance IRR can hit 4%.

Next, the senior sister will tell you about the product of China Life Fulu Mantang Pension Insurance (Dividend) (Preferential Edition). Let's see what it covers. Before starting, the senior sister will give you a guide to prevent pits on annuity insurance:

Learn this trick and stay away from the 99% pit of annuity insurance

Below, the senior sister will select a few points to focus on the content of this product.

1. How to receive the pension and the time when it starts to be received.

As can be seen from the security chart, the pension of this product can be received by annual and monthly payments. The start time of the pension is divided according to the gender. There are two types of men: 60 and 65 years old.

For women, there are 55 years old, 60 years old, and 65 years old.

It can be seen that the start time of the pension is consistent with the current retirement age, and it is set more reasonably.

2. Policy dividends.

Having a policy dividend is also a highlight of this product. In other words, if you have insured this product, you have the right to participate in the profit distribution of the participating insurance business of the insurance company. If the policyholder does not choose the dividend treatment method at the time of application, the insurance company will handle it according to the accumulation of interest.

3. There are 7 exemption clauses.

Generally speaking, under the same conditions, the smaller the number of exclusions, the more beneficial it is for everyone. This product has 7 disclaimers, compared to similar products on the market that only have 3 disclaimers. The number of exclusion clauses is a bit too much, which undoubtedly raises the threshold for the insured to make a claim.

4. Total disability benefit is not included.

This product covers pension and death benefits, and does not include total disability benefits. You must know that total disability can also bring a serious financial burden to the family. Therefore, compared with those similar products on the market that also include total disability protection, its protection content is not comprehensive enough.

After reading the above analysis, it can be found that this product has some shortcomings while still having some shortcomings. Senior sister suggests that you take a look at other products, and then apply for insurance according to your own protection needs.

Finally, the senior sister will present you with a list of high-yield annuity insurance, friends in need can take a lookTop 10 Annuity Insurance Rankings Want to buy high-yield annuity insurance? Don't miss out on these 10 again! Hope.

The protection map shows us the basic content of China Life Fulu Full Hall Pension Insurance (Participating Type) (Preferential Version). Next, the senior sister will introduce the outstanding features of this product.

1.Policy dividends included.

It is not difficult to find that China Life Fulu Mantang Pension Insurance (Dividend) (Preferential Version) is a participating annuity insurance. In other words, the insured person can not only receive the pension as agreed, but also have the opportunity to receive dividend distribution.

That's a nice point! However, it should be noted that the dividend distribution is determined by the insurance company every year based on the actual operating conditions of the participating insurance business in the previous fiscal year. Everyone should consider whether to accept this before applying for insurance.

About the participating insurance, what the salesman will not tell you.

2.Total disability benefit is not included.

China Life Fortune Full House Pension Insurance (Participating) (Premium Version) provides two types of protection, namely pension and death insurance.

It can be found that this product does not provide total disability coverage. Compared with the pension insurance with complete death and total disability protection, China Life Fulu Mantang Pension Insurance (Participating Type) (Preferential Version) still has a relatively large room for improvement.

Learn this trick and stay away from the 99% pit of annuity insurance

Top 10 commercial endowment insurance in terms of cost performance! Hope.

During the insurance period of this contract, the following insurance liabilities shall be assumed:

1. From the date of receipt of the pension agreed in this contract, if the insured survives, the company shall pay the pension on the corresponding date of the effective date of this contract every year or month.

The type of pension under this contract is chosen by the policyholder at the time of insurance.

Once the type of pension is determined, it cannot be changed during the insurance period of this contract, and the types of pension benefits that the policyholder can choose include:

1 Equalized annuity.

The company shall pay the pension according to the amount specified in the insurance contract until the expiration of the agreed payment period, and this contract is terminated.

2 Incremental annuity.

The pension paid by the Company in the first year shall be determined according to the amount specified in the insurance contract, and the annuity payment standard of each policy year after the next policy year shall be increased by 5% of the payment standard of the first year on the basis of the payment standard of the previous policy year until the expiration of the agreed payment period, and this contract shall be terminated.

2. If the insured dies due to illness before the start date of the pension as agreed in this contract, the company shall pay the death insurance benefit according to the greater of the two amounts of insurance premium (excluding interest) and cash value, and this contract shall be terminated; If the insured dies due to accidental injury before the start date of the pension agreed in this contract, the company shall pay the accidental injury death insurance benefit according to the greater of 200% of the insurance premium (excluding interest) and the cash value, and this contract shall be terminated.

If the insured dies during the pension period agreed in this contract, the company shall pay the death insurance benefit in a lump sum according to the sum of the pensions that have not been received within the agreed payment period, and this contract shall be terminated.

Today, the senior sister will share with you an evaluation of a participating pension insurance, which is China Life Fulu Mantang Pension Insurance (Dividend) (Preferential Edition).

Below, the senior sister will pick a few points from it to focus on the content of this product for everyone.

1. Payment period.

This product provides both single delivery and term delivery, of which the term delivery includes 5 years, 10 years, and 20 years. It can be seen that its payment methods are quite diverse and flexible. You can choose according to your own payment needs.

So, how to choose the payment period so that you will not lose it, let's see what the experts say:How to choose the payment period so that you will not lose?

2. Support policy borrowing.

This product has the other benefit of providing policy borrowing. In other words, if you encounter an economic crisis during the coverage period and meet the conditions, you can apply for a loan from the insurance company.

The maximum borrowing amount shall not exceed 80% of the cash value at the time of the contract after deducting the outstanding insurance premiums, borrowings and interest, and the term of each borrowing shall not exceed 6 months.

3. There is no guaranteed payment period for the pension.

The guaranteed pension payment period means that if the insured dies during the guaranteed payment period, the insurance company will pay the unpaid pension due during the guaranteed payment period in a lump sum if the conditions are met.

With the guaranteed pension payment period, you don't have to worry about dying after a few years of taking out pension insurance but not receiving the pension and feeling at a loss.

However, this product does not set a guaranteed pension payment period. Therefore, there is still some room for improvement in this side.

Based on the above, the payment methods of this product are more diverse and flexible, and it also supports rights and interests such as policy loans. However, there is no guaranteed payment period for its pension.

Therefore, before you buy this product, you can compare it with other products on the market. It would be better to shop around and then insure according to your own protection needs.

Finally, the senior sister will present you with a list of high-yield annuity insurance, friends in need can take a lookTop 10 Annuity Insurance Rankings Want to buy high-yield annuity insurance? Don't miss out on these 10 again! Hope.