I bought the insurance for 20 years, but I don t want to pay it for three years, what should I do?

You can choose to surrender the policy, and at this time, you can get back the cash value of the policy at the time of surrender, but it is generally much lower than the premium paid for 3 years;

The second option is to choose to pay the sum off, that is, not to continue to pay the premium, the sum insured.

It also corresponds to a proportional reduction, but the protection continues to be effective, in this case, the sum insured will generally become very low, and the actual protection effect is not very large.

I don't know what kind of insurance type the subject configures for 20 years?

In the case of term life insurance.

product, my advice is to keep it.

Term life insurance is a type of leverage.

For very high insurance products, there is a huge leverage between the actual annual premium paid and the amount insured by the insurance company. What is the specific use, for example: today's office workers generally have a fixed mortgage, if there is an accident or illness, the main economic force of the family dies, the mortgage will inevitably be pressed on one person, and even for many families only one person earns money, the mortgage will be directly cut off, and the bank will definitely come to recover the house; At this time, if the main economic force of the family is equipped with term life insurance with the same amount or even more than the mortgage, then in case of misfortune, the insurance company will pay enough to cover the mortgage and the daily needs of the family.

The expenditure will not affect the normal life of the family, especially the family's cash flow, due to sudden misfortune.

stability. Of course, you will find that the insured of term life insurance cannot enjoy the benefits of insurance, but it is a manifestation of family love and responsibility, and anyone who is full of love for the family does not want the people they love, especially the children, to be negatively affected when they are unlucky.

If it is a lifelong critical illness product, as long as the annual premium is within the budget of family expenses, it is recommended to continue to keep it. After all, in the current living environment and medical environment, what people in society are most afraid of is "not being able to afford to be sick". Whole life critical illness products are generally savings, which is the cash value of the policy corresponding to the annual premium paid.

It is always there, and when it reaches a certain point in time, the cash value will exceed the accumulated premium, so it can be understood as "saving money" in a sense; At the same time, during the payment period, critical illness insurance.

All of them are leveraged, in the unfortunate event of a critical illness.

It can also be used to reduce the financial pressure on the family. (Critical illness products with term insurance can be understood in combination with term life insurance and whole life critical illness products).

There is also a situation, if it is an annuity product or a whole life product, due to the limited space, it will not be explained here, and you can chat in detail by private message.

If you buy commercial insurance, you will lose part of the amount if you surrender the policy early, and you will either continue to pay the insurance or submit the surrender policy so that you will lose a part of the previous payment.

What to do after paying the pension insurance for three years.

If you have business insurance. The loss of surrender is very large, and you can only return the cash value of the policy, which you can see in the policy, if the economy allows, it is not recommended that you apply for surrender.

If you want to return the insurance after three years, you can directly apply to the insurance company for surrender, and go to the insurance company's offline service outlets to go through the surrender procedures with the policy, the insurance policy, the identity certificate of the policyholder, the application for termination of the insurance contract and other surrender information, and the insurance company staff will assist in the surrender procedures, usually take back the policy, and return the surrender money to the policyholder within the agreed time.

Of course, if you are not sure what information is required for surrender, you can call the insurance company's customer service** for consultation before surrendering the policy. In addition, if it is an online insurance, most of them can also be surrendered directly. If the policy is surrendered within the hesitation period, that is, about 10 days after receiving the contract, the premium paid by the policyholder can be refunded in full; However, if you want to surrender the insurance product that you have paid for a long time, you can only return the cash value of the policy.

And this amount is difficult to be equal to the premium we paid in the early stage, so if you surrender the policy, it is possible to generate a relatively large economic loss.

Summary. Hello, I'm honored to answer your questions If you don't want to pay the insurance for three years, you can generally take the following measures: 1

Take advantage of grace periods and reinstatement periods to defer contributions, but only for long-term plans. Generally speaking, if the long-term insurance is not paid on time, it will enter a 60-day grace period, during which the protection will still be valid, if the premium has not been paid after the grace period, the benefit will be temporarily invalidated and the policy will enter a two-year reinstatement period, if the premium has not been paid after the reinstatement period, the benefit will be completely invalidated and the insurance company will refund the cash value of the policy;

Hello, I'm honored to answer your questions If you don't want to pay the insurance for three years, you can generally take the following measures: 1Take advantage of grace periods and reinstatement periods to defer contributions, but only for long-term plans.

Generally speaking, if the long-term insurance is not paid on time, it will enter a 60-day grace period, during which the protection will still be valid, if the premium has not been paid after the grace period, the benefit will be temporarily invalidated and the policy will enter a two-year reinstatement period, if the premium has not been paid after the reinstatement period, the benefit will be completely invalidated and the insurance company will refund the cash value of the policy;

On the premise that the policy has a cash value, the policyholder can deduct the outstanding premiums and interest, borrowings and interest from the cash value at that time as the entire premium paid at one time, and reduce the sum insured under the same conditions. In this way, the policyholder does not need to pay the premium, but the protection is still valid; Reduced policy is applicable to insurance with higher cash value, such as increased whole life insurance, which can receive part of the cash value of the policy by way of policy reduction, i.e. partial surrender;

Surrender of the policy, surrender the policy after three years, the cash value of the policy is refundable; If the policy has the "annuity switching" function, the policy can be switched; If the policy has an automatic premium payment function, the insurance company can automatically advance the premium based on the cash value; Shorten the insurance period, for example, commercial endowment insurance can apply for a shortening of the insurance period, so the total amount of premiums that need to be paid will be reduced accordingly.

It is an individual's right to buy insurance, and it is also an individual's right not to renew the insurance, which has nothing to do with reputation, and is just a commercial behavior.

Failure to pay the premium means surrender of the policy, in the cooling-off period.

There will be a corresponding loss when the policy is surrendered later, and only the cash value can be returned, and the termination of the contract means that the protection will no longer be given. Surrender strategy sent to "Buy the wrong insurance, how to surrender the most cost-effective?"

1.Surrender during the cooling-off period

Surrender during the hesitation period is relatively simple, we surrender the policy within the 10-day hesitation period agreed in the contract, and the insurance company directly surrenders the entire premium after deducting the cost of production.

2.Surrender after the cooling-off period

If you submit a surrender application, the insurance company will generally refund the cash value of the policy within 30 days in accordance with the terms and conditions.

Termination of insurance contract.

However, in the first few years of the policy, the cash value will be very low, and there will often be a situation where the premium is tens of thousands of dollars a year, but the cash value is only a few hundred dollars in the first few years.

Therefore, you will lose more money by surrendering the policy after the cooling-off period.

In order to avoid this, be sure to think carefully before applying for insurance next time!

Grace period for insurance contracts:

The grace period granted by an insurance company to a policyholder who fails to pay the renewal premium on time, Insurance Act.

The prescribed grace period is 60 days.

During the grace period:

Even if the renewal premium is not paid, the insurance contract is still valid, and if an insured event occurs during this period, the insurance company will still be liable for the insurance bill, but the outstanding premium will be deducted from the benefit amount.

After the 60-day grace period

If the policyholder fails to pay the renewal premium in full, the insurance contract will be terminated. After the insurance is suspended, it will only be reinstated if the reinstatement is filed.

However, if you apply for reinstatement after suspension, the insurance company will generally require you to re-inform yourself. Therefore, if you surrender the policy, you can wait for the 60-day grace period before refunding, so that you can enjoy a longer coverage period.

The bottom line is that it's okay to want to surrender the insurance after buying it. However, we must think twice before acting, combine our actual situation, calculate clearly, think clearly, and make follow-up plans, so that we can exchange ourselves for better protection.

If you don't want to pay the insurance you bought for a few years, you can deal with it in the following ways:

1.Direct surrender. There are generally three ways to surrender the policy:

First, you can find an insurance salesman to handle the surrender procedures on your behalf, and hand over the copy of the policy, the policyholder's ID card and bank card to the insurance salesman to handle the surrender procedures on his behalf; Second, the policyholder can bring the policy, ID card and bank card to the insurance company's offline service outlets to go through the surrender procedures; Third, you can surrender the policy on the **, for example, Ping An Insurance can be surrendered in the "Ping An Gold Butler" APP, enter the "Policy Service" from the home page, click "More", and then enter from "More Services", you can see the "Surrender" entrance, and select the policy that needs to be surrendered to complete the online surrender;

2.Continue to pay the fee. If the premium to be paid in each instalment is not very large, and the payment deadline is about to expire, then you can consider continuing to pay. After all, if the policy is surrendered after a few years, the cash value of the policy can generally only be refunded, and the policyholder may need to bear a certain amount of economic loss;

3.The reduction is paid in full. Generally used in the standard body, the remaining cash value of the policy can be used to offset the premium after deducting the outstanding premium and interest, loan and interest, so that the remaining premium does not need to be paid again, but the protection is still effective;

4.Lower the sum insured. By reducing the sum assured of the policy, you can reduce the pressure on premiums, but in this way, the level of protection will also be correspondingly reduced.

5.Use dividends to pay premiums. If it is a participating insurance, then the dividends can be used to offset the premium;

6.Reduced coverage. For example, the increased whole life insurance has the right to reduce the policy, so you can apply for a policy reduction, that is, you can receive part of the cash value of the policy through partial surrender, and this money can be used to pay the premium, but after the policy reduction, the sum insured will also be reduced;

7.Policy loans. Insurance companies with high cash value generally provide policy loan services, generally you can apply for a loan of 70% or 80% of the cash value of the policy, and this money can be used to pay premiums, but policy loans generally require repayment within 6 months;

8.Temporarily stop paying and wait and see. If the long-term insurance product stops paying premiums, then there is generally a grace period of 60 days and a 2-year policy reinstatement period, during which the protection is still valid, but if the premium is not paid after the grace period, then the protection will be temporarily invalid and enter the policy reinstatement period, if the premium has not been paid after the reinstatement period, the protection will be completely invalid, and the insurance company will refund the cash value of the policy.

Therefore, it is feasible to temporarily stop paying wait-and-see, and if there are conditions in the future, then you can apply for renewal or reinstatement and continue to pay.

Summary. Hello, I am glad to answer for you: If you don't want to pay the insurance for two years, you can surrender the policy in the following ways:

1. Submit the surrender application to the insurance companyThe surrenderer shall receive and truthfully fill in the surrender application form, explain the reason for the surrender and when the surrender will begin, sign or seal it, and submit the application form to the business management department of the insurance company. 2. Prepare surrender materials. The surrenderer should start preparing the surrender materials prescribed by the insurance company, including:

My ID card, insurance policy, bank card, etc. If it is during the cooling-off period, the insurance company will usually surrender the policy in full and will only charge a small amount of the production cost, and if it is outside the cooling-off period, then the insurance company will only refund the cash value. 3. To go through the surrender procedures, the surrenderant will lead the surrender-related information to go through the surrender procedures at the manual window of the counter, and if the information is approved, the surrender funds will arrive in the account within 3-7 working days.

However, if the policy has already been paid, it cannot be surrendered, such as a policy that has already died, a critical illness benefit, or a policy that has received a maturity payment.

Hello, I am glad to answer for you: If you don't want to pay the insurance for two years, you can surrender the insurance in the following ways: 1. Submit the surrender application to the insurance company, and the surrender applicant should receive and truthfully fill in the surrender application form, explain the reason for the surrender and when the surrender began, sign or seal it, and submit the application form to the business management department of the insurance company.

2. Prepare surrender materials. The surrenderer should start to prepare the surrender materials stipulated by the insurance company, including: his ID card, insurance policy, bank card, etc.

If it is during the cooling-off period, the insurance company will usually surrender the policy in full and will only charge a small amount of the production cost, and if it is outside the cooling-off period, then the insurance company will only refund the cash value. 3. To go through the surrender procedures, the surrenderant will lead the surrender-related information to go through the surrender procedures at the manual window of the counter, and if the information is approved, the surrender funds will arrive in the account within 3-7 working days. However, if the policy has already been paid, it cannot be surrendered, such as a policy that has already died, a critical illness benefit, or a policy that has received a maturity payment.

How much can I get back? For example, if I pay 10,000 yuan, can I get a lot back?

If the cash value corresponding to the 10,000 sum insured is 50 yuan, and the insured amount is 300,000 yuan when the policy is surrendered in the second year, then the cash value that can be refunded is 30 * 50 = 1,500 yuan.