Can Life s Fulfillment Life Insurance be reduced after purchase?

In such a contract, except for the insured, other items should be changeable.

Your ** person doesn't seem to be happy with you lowering the sum insured, probably because the sum insured is now sufficient. It's hard for us to say whether it should be lowered or not, and you need to weigh it carefully. Is the coverage sufficient to cover the risk after the sum insured is reduced?

If the answer is confirmed, then communicate with your **person. Tell him what you want and ask him to help you with the process of lowering your coverage. If it really doesn't work, just take the insurance policy and ID card to the insurance company for a trip.

You don't have to worry, you can apply to the insurance company to reduce the sum insured, with a minimum sum insured of $10,000.

You need to go through the preservation procedures, bring your ID card, insurance policy, and fill in the preservation application.

You can take a look at the amount insured on the insurance contract, generally speaking, only the amount insured above 10,000 can be reduced, and then go directly to the company's customer service to ask if you can handle the reduction payment, and you don't have to pay the premium to reduce the amount of insurance, but it should be noted that if it is a participating insurance after processing, you will no longer enjoy dividends.

The sum insured cannot be talked about in traditional insurance, and the premium is 10-15% of the annual income is reasonable.

You can choose from the following options: surrender, termination, and premium payment!

It should be possible to reduce the amount proportionally, you don't have to ask the person who sells the insurance, go directly to the insurance company to find the counter staff.

1. The surrender ratio of Chinese Life Insurance varies according to the number of years of payment, and the proportion in the first 5 years is the lowest.

2. The specific surrender amount of Chinese Life is full of life can be queried through the "cash value" table in the insurance contract.

3. Supplement: The protection of Chinese Life Insurance is very small, mainly relying on additional hospitalization medical or accidental injury insurance to achieve the purpose of protection, so those who do not buy additional insurance must buy additional insurance.

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Legal analysis: You can find it in the contract, in the "cash value table". Generally, it will be returned according to a certain percentage in the first two years of insurance, and after two years, it will be returned according to the cash value at that time.

The policyholder can go to the customer service center of the insurance company with his valid documents and insurance contracts.

legal basis; Article 23 of the Insurance Law of the People's Republic of China After receiving the request for compensation or payment of insurance money from the insured or beneficiary, the insurer shall make an assessment in a timely manner; Where the circumstances are complicated, an approval shall be made within 30 days, unless otherwise agreed in the contract. The insurer shall notify the insured or beneficiary of the verification results; For those who are liable for insurance, the obligation to compensate or pay insurance money shall be fulfilled within 10 days after reaching an agreement with the insured or beneficiary to compensate or pay insurance money. If the insurance contract stipulates the time limit for compensation or payment of insurance money, the insurer shall perform the obligation of compensation or payment of insurance money in accordance with the agreement.

If the insurer fails to perform the obligations provided for in the preceding paragraph in a timely manner, it shall compensate the insured or the beneficiary for the losses suffered thereby, in addition to paying the insurance money.

No unit or individual may illegally interfere with the insurer's performance of the insurer's obligation to compensate or pay insurance money, nor shall it restrict the right of the insured or beneficiary to obtain insurance money.

If you want to surrender the policy, you must bring the original policy, the original ID card, and the original certificate of the last payment record, and sign a surrender policy to Chinese Life. Then within a certain period of time, such as 7 working days, the surrender money will be returned to you via bank transfer.

According to the Insurance Act, the cash value of the policy will be refunded when a life insurance policy has been paid for more than 2 years. The cash value is generally only 30%-50% of the premium you have paid, so if you do surrender the policy, you will have to bear a very objective surrender loss.

I don't know why you want to surrender the policy. If you are in a hurry to use your money, you can choose a policy loan. That is, using the insurance policy as collateral to borrow money from the insurance company.

The loan amount is limited to the cash value, which generally does not exceed 80% of the cash value. The interest rate is slightly higher than that of bank commercial loans, and the term is generally half a year, which can be extended through negotiation. As long as you repay the loan with principal and interest within the tenor, the policy will still be in force.

If you don't want to pay any more, you can choose to change the policy to a full payment policy, and you don't have to pay any more premiums in the future, and the sum insured will be reduced accordingly, but the policy will continue to be valid.

If you have any questions, please contact me, I have done insurance.

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