Advantages and disadvantages of annuity insurance, is annuity insurance worth buying?

The disadvantage of annuity insurance is that the protection function is relatively weak and the liquidity of funds is relatively poor. The advantage is that the income is relatively stable, not affected by the decline in interest rates or economic changes, and the value of funds can be maintained and increased. As an insurance with the nature of financial management, annuity insurance is still worth buying compared with financial insurance such as dividend insurance and universal insurance.

Is annuity insurance good? Is there anything I need to pay attention to? What are some good products?

At present, the annuity insurance products on the market that are worth buying mainly include Everybody's Pension Happiness Pension Insurance, Evergrande Splendid Future Education Annuity Insurance, Everbright Rich Home Pension Insurance, Everbright Sun Life Guangming Huixuan Pension Insurance, and Hongkang Determination Lifetime Annuity Insurance. Space is limited, the senior sister will give you an example of Guangming Huixuan pension insurance, the protection content of this product includes pension and death insurance, the pension is more flexible, you can receive it annually or monthly, you can receive 100% of the basic sum insured for age, and you can receive the basic sum insured for a month. The pension is also guaranteed to be received for 20 years, which can avoid the loss of the annuity caused by the early death of the insured.

Moreover, it can also be attached to Zenglibao (premium version) annuity insurance (universal type) to achieve secondary value-added. Space is limited, and if you want to know how profitable this product is, don't miss this article:

Does Guangming Huixuan Pension have high returns? The answer lies in the text.

Although annuity insurance is a kind of insurance worth buying, but before buying annuity insurance, you need to pay attention to the protection function of annuity insurance is relatively weak, if you unfortunately have illness, accident and other injuries, the money obtained from annuity insurance may not be able to completely transfer the economic risk caused by illness, accident and other accidents. Therefore, before configuring annuity insurance, it is necessary to fully configure protection insurance such as critical illness insurance, medical insurance, and accident insurance. Senior sister has sorted out some matters that need to be paid attention to when buying annuity insurance, and interested partners can take a look:

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

Advantages of Annuity Insurance:

1. High security.

The return of pension insurance is written into the insurance contract, even if the market fluctuates and the economy stagnates, the annuity insurance will not be affected, and the insurance company still pays the pension in accordance with the contract rain or shine.

2. Stable returns.

We can use pension insurance to plan for the expenses we expect to need in the future. When we have fully calculated the pension gap and exposure, the rest is where we need to make up for it through commercial pensions. Therefore, we can ask the insurance company to draw up an insurance contract based on this expected amount, determine the amount of purchase and the duration of payment.

Such as: free life lifelong pension, take over the baton star products.

3. Easy to operate.

After taking out the pension insurance, you only need to pay the insurance premiums regularly and quantitatively, and you don't have to worry about the rest. The professionals of the insurance company will undertake the accumulation and management of assets, and there is no need for the policyholder to learn relevant professional knowledge and skills to manage, which is very time-saving and labor-saving.

Disadvantages of Annuity Insurance:

1. The guarantee function is weak

Annuity insurance protects the funds needed for the survival of the insured, and the focus of the protection is survival security, and there is a lack of health protection functions such as illness and disability. When we choose annuity products, we need to make sure in advance that we have all the basic protection such as accident insurance and medical insurance, so that we can get more comprehensive protection.

2. The premium is relatively high.

Compared with short-term accident insurance and medical insurance, annuity insurance premiums are higher, ranging from a few thousand to tens of thousands, so a certain budget investment is required.

1. What is annuity insurance?

Annuity insurance refers to life insurance that takes the survival of the insured as the condition for the payment of insurance benefits and pays the survival insurance benefits at agreed intervals. The annuitant and the insured can be the same person or different people. The term of pension insurance can be fixed, such as education benefits.

It can also be lifelong, such as a pension.

Some friends will have such questions: If I pay so much money to the insurance company, will it run away? For a more detailed answer, click here:Insurance companies, will they run away? Which one is reliable?

1. Safety;

Compared with bank financial management, **, **, etc., one of the biggest features of annuity is that it is safe, and there is no need to worry about the failure of insurance companies.

2. Determination of income;

In the definition of annuity insurance, we also see that after the customer pays the premium, the insurance company will return the survival fund to the insured on time in accordance with the contract, and the total amount of return is determined.

In addition, the contract will also stipulate the cash value of annuity insurance and its changes, as long as the cumulative sum of the survival benefit before a certain policy year + the cash value of the policy in the current year, you can get a certain income.

But there are a few caveats to note:

1. The current interest rate is not equal to the guaranteed interest rate;

Some irresponsible insurance ** people will use the current settlement rate to demonstrate the income when introducing the product to the customer, which is an obvious sales misleading, and the final determination of the income depends on the guaranteed interest rate.

2. Higher premiums;

At present, most of the annuity insurance premiums on the market start at 10,000 yuan, as little as 10,000 yuan, and as many as millions. Some working families may feel pressured, but of course, if you agree with annuity insurance, it is also a good way to buy insurance over time.

3. Surrender the policy in the middle of the policy may suffer losses;

Through the case, it can be seen that the total income of annuity insurance is slowly increasing, slow in the early stage and fast in the later stage, so it is recommended to hold annuity insurance for a long time.

You are clear about the role of annuity insurance, whether you understand the advantages and disadvantages of annuity insurance, and whether there are suitable products, these are the key factors that affect the choice of annuity.

Having said so much, I believe you also have a certain understanding of annuity insurance, in order to facilitate everyone, I have collected all the annuity insurance products in the market, conducted a comprehensive comparison, and selected these ten recommended to you:Top 10 Annuity Insurance Points Worth Buying!

Answer: The advantages of annuity insurance are that you can receive it every year, have a variety of choices, set up care funds and distribute dividends; The disadvantages are high premiums and insufficient protection. 1. Advantages of annuity insurance 1. You can receive it every year: Annuity insurance has the attributes of annuity, which can be received every year, and the longest can choose to receive it until the insured is 100 years old, and some can also be retained in a specific account of the insurance company, which earns interest in accordance with the agreed method, and pays the principal and interest when due.

2. Diverse choices: When applying, you can choose the period of annuity payment and the method of annuity payment. 3. Set up care funds:

Many annuity insurance plans have a care payment, which is paid to the beneficiary in the form of a care payment. 4. Dividend distribution: Annuity insurance with dividend function, the beneficiary can get dividend distribution during the validity period of the contract.

2. Disadvantages of annuity insurance 1. Expensive premiums: the policyholder is required to have the ability to continue to pay. 2. Insufficient protection:

Generally, only death benefit is provided, and as an insurance product, there are deficiencies in protection.

The advantages of annuity insurance are that you can receive it every year, have a variety of choices, set up care funds and distribute dividends; The disadvantages are high premiums and insufficient protection. 1. Advantages of annuity insurance 1. You can receive it every year: Annuity insurance has the attributes of annuity, which can be received every year, and the longest can choose to receive it until the insured is 100 years old, and some can also be retained in a specific account of the insurance company, which earns interest in accordance with the agreed method, and pays the principal and interest when due.

2. Diverse choices: When applying, you can choose the period of annuity payment and the method of annuity payment. 3. Set up care funds:

Many annuity insurance plans have a care payment, which is paid to the beneficiary in the form of a care payment. 4. Dividend distribution: Annuity insurance with dividend function, the beneficiary can get dividend distribution during the validity period of the contract.

2. Disadvantages of annuity insurance 1. Expensive premiums: the policyholder is required to have the ability to continue to pay. 2. Insufficient protection:

Generally, only death benefit is provided, and as an insurance product, there are deficiencies in protection.

"Annuity Insurance Strategy: How to Choose the Right Annuity Insurance? 》

1. Advantages of annuity insurance

Absolutely safe and guaranteed returns.

The amount and time of receiving the annuity insurance are all written in black and white in the contract, and are protected by Article 92 of the Insurance Law, even if 10,000 misfortunes cause this insurance company to go bankrupt, your annuity insurance will be accepted by other insurance companies and continue to be paid according to the contract.

Regulate cash flow and earmark funds.

The contract of annuity insurance stipulates the payment method and the payment method, which is equivalent to planning our cash flow in advance.

When you have money in your hand, save it like an ant moving, and let him increase its value, and when you need it, you can take it out and use it.

For example, rigid expenditures such as pensions and education funds are particularly suitable for using annuity insurance to complete the regulation and control of corresponding cash flow and ensure that special funds are earmarked.

Forced savings to prevent "chopping hands".

The contract of annuity insurance stipulates the time when it will start to be received, and before that, you can only save money, not withdraw money, which plays the role of forced savings.

In this way, we can overcome the desire to spend money through tools, save money, and prevent it from being spent unknowingly.

Lock in the level of income and guard against downside risks in interest rates.

The annuity contract stipulates that every penny that can be received in the future, and the income from the beginning of buying the annuity to a certain time node is all determined, and will not be affected by any external interest rate fluctuations.

Even if it enters the era of negative interest rates, the long-term annuity compound interest of about 3%-4% of annuity insurance can also be obtained, which effectively prevents the risk of downward interest rates.

Second, annuity insurance also has disadvantages

The income is not high: as a product with income written into the contract, the annuity bears the risk of falling interest rates for us, so the characteristics of the annuity are stable rather than high returns, and it cannot make a lot of money, but it can keep the money.

There may be a loss in the short term:

We buy an annuity and sign a contract, agreeing on the time and amount of payment, so if we violate the contract, we will have to pay "liquidated damages" if we want to withdraw it in advance.

At this time, we may not be able to achieve the expected returns, and we may even lose the principal.

The above are the advantages and disadvantages of annuity insurance, know these and make good use of them, annuity is an invincible weapon in your hands, otherwise, buying an annuity is to move a stone to shoot yourself in the foot, but to buy a loss.

Annuity insurance is suitable for those who consider purchasing an annuity insurance to maintain and increase the value of assets if there are excess idle funds after improving the basic personal protection; Secondly, annuity insurance is a medium and long-term type of insurance, which will not produce high returns in the short term, and is suitable for people who can hold this fund for a long time. Finally, it is also suitable for those who plan to leave a sum of money for their children, but still hope that they still have the right to control the funds, and will give it to their children when the time comes. Before you buy annuity insurance, you must pay attention: "Annuity Insurance Pit Prevention Guide!" 》

Annuity insurance as a wealth management product, on the one hand, you can achieve the appreciation of existing assets, on the other hand, you should invest higher premiums in the early stage, it is recommended to consider annuity insurance after configuring a comprehensive basic protection, annuity insurance is not suitable for everyone to buy, suitable for the purchase of annuity insurance There are the following types:

Prior to this, regarding annuity insurance, the senior insurance consultant team spent several months to summarize these contents, and you will regret it if you don't read it! Which is the best high-yield annuity? 8 high-yield annuity insurance recommendations! 》

Annuity insurance is very good to say, it belongs to financial insurance, but many people don't know how many pits there are, and if you want to avoid more minefields, you might as well take a look at this first:Learn this trick and stay away from the 99% pit of annuity insurance.

1.What is annuity insurance?

Annuity insurance means that we first pay a certain premium to the insurance company, and then receive money from the insurance company on time to the agreed period, and agree on the insurance premium and guaranteed income, that is to say, the policy income of this annuity insurance is 100% certain. A good product form is to determine the benefits and protect the life. What we see a lot is education funds and pensions.

2.Advantages of annuity insurance

Absolute security:Annuity insurance is a low-risk cash management tool, equivalent to a basket, first put the money in, and then get back a part of it every year, there will be a fixed compound interest every year, most of which are around 3%-4%, safe interest income, as long as you live, don't worry about saying that there is no money to receive.

Stable cash flow:Provide benefits stably every year, not affected by the fluctuation of inflation, and provide income stably, worry-free and effort-saving, without having to calculate the income.

Forced savings:If you want to save a sum of money now, but you can't save it lavishly, an annuity insurance can be forced to save money to provide a guarantee for your old self.

3.Disadvantages of annuity insurance

The benefits are not high:Now the mainstream annuity insurance income is 3%-4%, the income is not too high, and it is not even as good as some ** fixed investments, and this income is likely to not be able to outpace inflation.

Poor liquidity:If you don't have a lot of idle funds on hand, you don't have much cash in hand after paying the premium, and you can't take out the money in time if you need it urgently, and the liquidity is poor.

4. Who is annuity insurance suitable for?

Due to the above characteristics of annuity insurance, if you have a plan for large consumption in recent years, such as buying a car, buying a house, and getting married, then it is not suitable to buy annuity insurance. I have compared and sorted out 10 cost-effective annuity insurances, hoping to give some reference, and it is recommended to understand:Top 10 Annuity Insurance Points Worth Buying!