Is the principal refundable at the end of the life insurance policy?

As one of the most discussed critical illness insurance products in the market, China Life Fu currently has a high sales volume in the market, but everyone's controversy over it has not stopped. Some time ago, China Life Fu was upgraded and adjusted, and I received the news on the same day that I evaluated the upgraded China Life Fu, but found that I do not recommend buying, and there is no basis for empty words, and the reason for this is written in my article:Guoshou Fu upgraded again:

What has been upgraded in the China Life Fortune Edition? Is it worth buying now?

It mentions in detail the protection content, advantages and disadvantages of Guoshoufu, and the details to pay attention to if you want to buy Guoshoufu, and you can save it again if necessary.

Let me briefly talk about what is being updated, is it better than the previous one, and is it recommended to buy it?

1. What have been adjusted after the upgrade and adjustment of the China Life Blessing Premium Edition?

We take the China Life Blessing Premium Edition, the China Life Blessing Supreme Edition and the China Life Fortune Premium Edition to see at a glance what are the main changes in this upgrade:

Straight to the point: these areas have been adjusted: the number of minor illness claims has been increased, and the number of critical illnesses covered has also increased.

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

Although the updated China Life Fu will increase the number of minor illness claims to 3 times, it is relatively sincere, but after all, it is a large company, and the annual company spends on brand advertising is very high, ** or not low, for some friends with low budgets, it is not recommended to consider China Life Fu.

I compared the hot-selling critical illness insurance products of large companies on the market in 2020, there is too much content, I am afraid you can't understand it, this is the condensed version of the content, you can take a look at this articleTen cost-effective critical illness insurance products in 2020

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 the principal refundable at the end of the life insurance policy? "All, look!

Hello, the expiration of Fuman's life is to give 100% of the insured amount, not to return the principal, the principal has been rubbed together with the survival fund and returned in normal times. The main thing is that the guarantee is high, the return is high, and the survival fund is pre-empted.

Of course, you can repay the principal at the end of the period.

Tall shit, don't buy it, **.

Chinese life and happiness insurance for a lifetime, can the principal be refunded after ten years? No refund. That's a good question. It is also representative.

First of all, there are many types of insurance, insurance is not a bank deposit, and it is withdrawn after two days of saving today. Insurance is a risk plan, and different types of insurance have different concerns about the so-called "principal". Many people are dissatisfied with the way insurance is designed, because it is equated with bank deposits.

The essence of insurance is that you pay to sell a certain risk to the insurance company, and when you have the agreed risk, the insurance company gives you money. For example, if you go to a restaurant to eat, and you order a certain dish, but you don't eat it, the checkout is that you can't say that I didn't eat the dish, and don't count the money for me. Clause.

Second, annuity insurance, which is often referred to as "financial insurance", "pension insurance" and "education fund", because the design of insurance is to plan long-term established interests, and the design is to achieve a certain booking goal after more than 10 years, more than 20 years or even longer, for example, there are hundreds of thousands of pensions. Therefore, this type of insurance is usually in the first 10 years, which is just enough for the so-called "principal".

Clause. 3. Return-type insurance. This kind of insurance usually stipulates in the contract that in addition to the protection benefits such as critical illness insurance, it will also stipulate that the premium or sum insured can be recovered at the age of decades or how old. This type of insurance is usually much more expensive than the pure protection type. Clause.

4. Whole life insurance. The most common is a whole life insurance with critical illness insurance. This type of insurance is designed to focus on protecting your rights, so unless you pay the sum insured for critical illness or the sum insured for life insurance after death, it will take about 30 years for the surrender benefit to reach the premium you paid.

Clause. Fifth, pure consumption. No matter how long you surrender the policy, you won't get back all the premiums you paid. But the leverage is high. For example, for aviation accident insurance, you can buy 10 million insurance for ten dollars. This is called leverage.

Comparatively speaking, pure consumer insurance has a real insurance concept. And many people regard insurance as saving money, and the mentality that investing in how much to take out, and not getting it back is a loss, is actually not suitable for buying insurance. It is more suitable to make some speculative investments.

Chinese Life Insurance is a product from the insurance period to the age of 80, even if the premium is paid in full for ten years, you can't get the principal back if you want to receive it at that time, and there will be a lot of losses; Commercial insurance is not a savings, you can get back the principal and income after paying the money, but for a certain purpose in the future to obtain income or compensation for a certain period of time in the future, so do not want to buy insurance customers to pay back the premium, such losses will be borne by the customer himself.

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. 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 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.

In the insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill the contractual obligations, 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 the cancellation to the insured according to the regulations, and this part of the amount is the cash value of the policy.

About 11,2200 percent a year, and then about 4,000 more from the age of 55 or 60. At the age of 75, the entire premium will be returned to you directly, and then the contract will be terminated.

After paying 120,000 yuan, it took decades to return to the capital, and it is basically impossible to return, there are a lot of losses, and you are almost full.

I really don't want to complain about the savings insurance in the mainland...

This is an annuity insurance product, and the full payment is not equal to the expiration of the guarantee, and the principal cannot be refunded in 10 years.

Summary. Hello, you can return it, but you can't surrender it halfway. You can only do it when the coverage period expires.

Chinese Life Insurance is a product that insures to the age of 80, even if you pay for ten years and pay all the premiums in full, you cannot get the principal back, so there will be losses.

Hope it helps you and have a great day!

China Life Blessing Life Insurance Dividend Type can refund the principal.

Hello, you can return it, but you can't surrender it halfway. The Chinese Life Insurance is a product that insures to the age of 80, even if you pay for ten years and pay all the premiums in full, you cannot get the principal back, so there will be losses. Hope it helps you and have a great day!

I'm done. How much principal can be refunded?

After handing over, you can open the policy and have a cash value table, if you return it, you can only refund the cash value dividends, and only when the cash value exceeds the principal can you refund Oh, if you don't know how to look at it, you can take a picture of the cash value table of the policy to help you see, everyone is different.

Oh! I've been paying for 10 years.

Well, I know. It is the principal that cannot be refunded. How much money can be refunded depends on the cash value. However, it is not recommended to surrender the policy, and the insurance can be refunded to you until the age of 80.

The principal cannot be refunded after 10 years. Generally, the surrender rate is 70% and the Fuman Life of Chinese Life is a commercial insurance rather than a fixed deposit, so it is impossible to return the principal.

Requirements and procedures for handling surrender of insurance:

The applicant is eligible to apply for surrender. 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;

If the policyholder applies for surrender, the contract has been in force for two years and the premium has been paid for two years, the insurance company shall refund the cash value of the policy after receiving the surrender application, and if the policyholder has paid the premium 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 discharge.

The surrenderer shall provide the following documents when handling the surrender:

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

The insurance policy provided by the surrenderer to prove the conclusion of the contract and the proof of the last payment;

Proof of identity of the policyholder;

If the policyholder or the insured entrusts another person to handle the application on his behalf, the power of attorney of the policyholder or the insured and the identity card of the principal shall be provided.

Further Material: Benefits of Buying Insurance:

1. Avoid risks and transfer risks.

We all know that buying insurance is to transfer and avoid risks, and once an accident occurs, we can use insurance to bring ourselves a certain amount of financial security.

2. Reduce medical pressure.

In a person's life, there will always be some minor illnesses, so if medical insurance is used as a guarantee, the burden of huge medical expenses can be alleviated.

3. Insurance savings.

Saving in the form of insurance is the most popular way to save in today's society, and it also reflects a change in concept and the formation of good habits, so more and more people rely on commercial insurance to solve problems such as pension, medical care, and children's education.

4. Mortgage loans.

Some insurance policies can now be used as collateral loans, so if you need money urgently and can't raise the money for a while, you can mortgage your insurance policy with the corresponding insurance company and get a loan from the insurance company.

5. Reduce investment risks.

Compared with the higher risk ** and bonds, the investment risk of buying insurance is the lowest, because life insurance has a special mandatory savings function, which can help you carry out medium and long-term financial planning and achieve the effect of special funds. In addition, life insurance has the lowest investment risk, is suitable for long-term holding, is not easily affected by changes in the economic crisis, and has stable returns.

Summary. will lose, this is a two-pronged dividend insurance, one of which is to provide a protection, this protection, will deduct a lot of your cash value, so even if you pay for 10 years, you still can't get back the principal, get back about 80%, that is, the cash value is about 80% of the premium paid.

Buy life insurance, China Life Fuman life insurance dividend, pay for ten years, pay 28,600 surrender will be lost.

Buy life insurance, China Life Fuman life insurance dividend, pay for ten years, pay 28,600 surrender will be lost.

will lose, this is a two-pronged dividend insurance, one of which is to provide a protection, this protection, will deduct a lot of your cash value, so even if you pay for 10 years, you still can't get back the principal, get back about 80%, that is, the cash value is about 80% of the premium paid.

If I don't want to lose my principal, when is it appropriate for me to return?

After 15 years, you will not lose the principal, and this insurance, as long as you decide to take it, he will lose money, because not only will you not lose money if you put it in the bank, but also interest.

Fifteen years is not counted as ten years.

Count, your policy is not there, the cash value table in the policy is clear at a glance.

This insurance gives 500 back every year, but I haven't taken it once, every insurance has it, and the corresponding cash value of each year is how much the insurance is worth, that is, how much money you can refund.

Dividends, there are dividends every year, to the specified age, as well as birthday celebrations, and the amount of dividends.

Be. I haven't taken it, how much money can I get back now.

Whether you take this dividend or not, it makes no difference, the refund is still the same, you don't take it but you are in the dividend account, and the cash value changes when you take it, the same.