What is Term Annuity Insurance and what is the difference between Fixed Deposit and Annuity Insuranc

Hello, Term Annuity Insurance.

It means that within the period specified in the contract, if the insured survives, the insurer will pay the agreed annual amount on time; If the period expires or the insured dies within the agreed period, the insurer will stop paying the annual amount.

If you want to know what annuity insurance is available for purchase, you can click to make an appointment for 1-to-1 insurance planning service.

Navy Paula. An attentive insurance broker will provide you with professional advice.

Accident insurance and critical illness insurance that everyone is familiar with.

Annuity insurance is a special type of insurance. It does not give a certain amount of compensation to the policyholder when the insured suffers from an accident or illness, but when the insured reaches a certain age, the insurer will pay the insurance money to the insured in a regular and regular manner according to the amount and method agreed in the contract and within the agreed period.

What are the characteristics of term annuity insurance:

1. The insured can receive the corresponding annual amount every year within the date agreed in the contract;

2. In the event of the death of the insured, the corresponding premium will be refunded;

3. If the insured has expired, the report will be higher;

4. This kind of insurance is generally protected against inflation.

functions; 5. The insurance period is relatively flexible, unlike whole life insurance.

It can only be saved for a lifetime.

Term annuity insurance is easy to understand, which literally means that within the period specified in the contract, if the insured survives, the insurance company will pay the agreed annual amount on time; If the insurance expires or the insured dies within the agreed period, the insurance company will stop paying the annual amount, and the children's education insurance will be classified as regular annuity insurance.

Other insurance questions can be consulted.

Pre-sales product consultation: 400-880-3633

After-sales service: 95362

Term annuity insurance is a more common type of insurance in wealth management insurance, and its characteristics are as follows: annuity insurance product information.

1. Term annuity insurance cannot receive annuity while paying premiums. The annuity can only be paid after the policyholder has paid all the premiums.

2. The term of term annuity insurance is based on the survival of the insured. In the event of the death of the annuity recipient, the insurer immediately terminates the payment.

3. Applying for term annuity insurance can ensure that the agreed needs are met during the insurance period, and even get additional dividend income.

4. It is very safe and reliable to purchase term annuity insurance. This is because insurance companies are required to draw liability reserves in accordance with the law, and the liability reserve system between insurance companies guarantees that even if the insurance company that insured the customer purchases the annuity goes out of business or goes bankrupt, the remaining insurance companies will automatically contribute to the annuity benefits for the purchaser.

Term annuity insurance refers to the payment of insurance benefits by the insurer at the time agreed in the contract on the condition of the insured's survival within the period specified in the contract until the death of the insured or the expiration of the insurance contract during the insurance period.

Many friends may not know that term annuity insurance has the characteristics of relatively stable income and high security.

Since the amount of annuity that can be received and how to receive it in the term annuity insurance are written in black and white in the contract at the beginning of the insurance, and will not be affected by the market interest rate, its income will be relatively stable.

The term annuity insurance is underwritten by the insurance company, and even if the insurance company goes bankrupt, the China Banking and Insurance Regulatory Commission will transfer everyone's policy to other insurance companies for processing, so that everyone's rights and interests will not be damaged, so its security is higher.

In addition, because term annuity insurance has the nature of financial management, compared with pure protection insurance, its protection function will be relatively weak, and it cannot give the insured an adequate protection, so everyone should first make sufficient personal protection before applying for term annuity insurance, so that it is meaningful to talk about financial management.

Otherwise, if you only buy term annuity insurance and do not configure the basic pure protection insurance, such as critical illness insurance, then when you are sick, term annuity insurance will not play much role.

If you don't know how to buy pure protection insurance, you can take a look at this article: [Insurance] which is good, how to buy cost-effective, and teach you to avoid these pitfalls of insurance.

As children everyone is very concerned about the pension of their parents, as parents every parent is worried about what to do with their children when they are old, aging has arrived, the traditional concept of pension with children and housing pension has slowly faded in the new era, and people are more choosing to buy pension insurance for the elderly. Term annuity insurance would be a good option. How do I buy insurance when my parents are old?

What is Term Annuity InsuranceTerm annuity insurance refers to the payment of the agreed annual amount by the insurer on time if the insured survives within the period specified in the contract; If the period expires or the insured dies within the agreed period, the insurer will stop paying the annual amount. How to buy critical illness insurance? Regarding the choice of regular or lifetime, I just sorted out the relevant content, I hope it will be helpful to you:

How to choose critical illness insurance term vs lifetime?

What are the characteristics of term annuity insurance:1. The insured can receive the corresponding annual amount every year within the date agreed in the contract;

2. In the event of the death of the insured, the corresponding premium will be refunded;

3. If the insured has expired, the report will be higher;

4. This kind of insurance generally has the function of resisting inflation;

5. The insurance period is relatively flexible, unlike whole life insurance, which can only be insured for a lifetime;

Term annuity insurance is worth buying, it is not as long as whole life insurance, and the return is much higher than whole life insurance. What are you waiting for?

The difference between insurance annuity insurance and bank fixed deposit: the interest rate of fixed deposit is simple interest, the income is relatively low, and it is more flexible to withdraw cash at any time. Annuity insurance is a long-term investment, in addition to a fixed income every year, there is also an irregular dividend, and the annual income is compounded in the account and the income is higher than that of the bank.

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.

Because annuity insurance is different from other insurance products, the time span of annuity insurance from purchase to receipt may be 10 years, 20 years or even longer, so consumers should first consider annuity insurance products with dividend functions when purchasing annuity insurance. Insurance experts said that in addition to choosing insurance with dividends, consumers should also pay attention to some issues when buying pension insurance.

First of all, the collection method can be "tailor-made". There are three ways to receive annuity insurance: fixed amount, timed and lump sum. Single payment is the way for the insured to withdraw all the pensions at one time at the agreed time, and the fixed amount is to determine the amount of the insurance money in the unit time until the insured has received all the insurance money, and the timing is the amount of the insured to determine the amount of insurance money according to the total amount of insurance money at the agreed time of payment.

Secondly, the focus should be on the pension should increase the amount received. Annuity insurance is a kind of insurance that is conditional on the survival of the insured, in order to avoid the loss of pension due to the short life of the insured, many pension insurance promises a guaranteed period of 10 years or 20 years, and the remaining unpaid amount can be given to the designated beneficiary before the age of death. Some annuity insurance products that focus on pension functions receive a large amount of money each year, and they also receive a large number of years.

Do you know the pitfalls of annuity insurance? Look here and you will understand: "Annuity insurance can be seen or touched, annuity insurance pit prevention guide!" 》

Annuity insurance is too difficult to choose! It's just that the yield of different products varies greatly. Some products only receive 550,000 yuan in the end after paying a 50w annuity, with an annualized income of only 1%; Some products can even reach an annualized return of 8% after a few years.

For everyone's reference.

1.High yield is the first priority.

No matter what the purpose of buying an annuity is, as a kind of financial insurance, the income of annuity insurance is crucial. The income of annuity insurance** is from annuity accounts and universal accounts. Although the whole value-added process is complicated, the standard for judging the return of annuity insurance is to calculate the IRR rate of return.

After about 10 years of appreciation, IRR can reach 4% annuity insurance, which is an excellent level in the market.

2.The cash flow of the annuity should match the demand for the use of funds.

Annuity insurance will change our cash flow, so there are 4 questions to consider:

When the child reaches the age of schooling, how much money can he receive?

How much pension do we get when we retire?

Will there be a loss when I surrender the policy due to urgent need for money? How much cash value can it be?

How much money can you leave to your relatives after you return to old age in a hundred years?

As a salaryman with a limited budget, we only need to concentrate resources on solving 1 or 2 problems, such as education funds, mainly to see how much money can be returned to the age when children go to school.

Business owners have a sufficient budget but have a high demand for financial flexibility, and they also need to consider the cash value of the product and how much money they can leave to their loved ones when they retire in the old age.

In fact, there are so many pitfalls in annuity insurance that you can't imagine, even if its product form is very simple. In order to make it easier for you to choose a good product, I have compiled a guide to annuity insurance pit prevention:"3 minutes to read this year's top ten high-yield annuity insurance points!

。Hope it helps.

That's all for me"What is the difference between fixed deposit and annuity insurance"

After 10 years, the income of annuity insurance is relatively high, the loss of interest when withdrawn from regular maturity is interest, and the cash value of annuity insurance is withdrawn.

Other insurance questions can be consulted.

Pre-sales product consultation: 400-880-3633

After-sales service: 95362

Annuity insurance and annuity have the same meaning and belong to the same type of insurance, which refers to the life insurance type that takes the survival of the insured as the condition for paying the insurance money and pays the survival insurance money in installments according to the time agreed in the contract. It is usually used to pay a certain amount of money on an annual cycle, so it is called annuity insurance. When an insured customer buys an annuity, the insurance company provides the customer with a certain amount of asset return protection.

Of course, the content of the benefit depends on the type of annuity purchased by the policyholder.

Classification of annuity insurance: Annuity insurance product information.

1. Whole life annuity insurance.

Whole life annuity insurance is an annuity product that is conditional on the survival of the insured. The insurance contract is valid for as long as the insured person is alive. Therefore, this annuity product is mainly used for pension planning and security.

For example, in a lifelong pension product, the insured starts to receive a pension at an agreed time or a specific age (usually retirement age) until the insured dies.

2. Term annuity insurance.

Term annuity insurance has an agreed limit on the number of years of payment, and the insurance contract will be terminated when the number of years of payment reaches the agreed period or when the insured dies. In family wealth planning, regular annuities mainly play a role in the form of education funds, which can help us plan our children's education in advance.

3. Personal annuity insurance.

Personal annuity insurance refers to annuity insurance that takes the survival of an insured person as a condition for payment. There is only one insured person of personal annuity insurance, which can help families effectively isolate financial risks and play a unique role in wealth inheritance.

4. Joint annuity insurance.

Joint annuity insurance is an annuity insurance that is conditional on the survival of two or more insureds. As a family, the accumulation of wealth is completed by the joint efforts of both husband and wife, so through joint annuity insurance, it can provide more comprehensive protection for the family.

Annuity insurance refers to the state coarse life insurance. If the insured (insured) pays the premium at one time or on a regular basis, the insurer shall pay the insurance money within the period of the insured's death or the expiration of the insurance period in accordance with the living conditions of the insured. Annuity insurance can provide certain economic security when the insured is old or incapacitated, and can be divided into whole life annuity insurance, term annuity insurance and joint and bad annuity insurance.

Advantages of Annuity Insurance.

1. Security and stability: If you think about filling your future pension or have extra money on hand when you are young, and want to make the funds safe, steadily appreciate or force yourself to save, you can get very good profits after a few decades;

2. Return on time: Annuity insurance usually returns the promised return amount and return time through survival, special survival, pension, life insurance, etc., and the return time is usually gradually returned after the fifth year, with a fixed amount;

3. Interest profit: The returned money can be deposited into the account set up by the insurance company, generating interest, and promising the lowest annual interest rate in the contract. After many years, the value of the account will be higher than the total insurance premium, mainly due to the contribution of interest;

4. Dividends: Some annuity insurance has a dividend function. Dividends are related to the cash value of the contract. The higher the cash value, the higher the dividend. Most importantly, it depends on the profit of the insurance company, and the number of dividends is uncertain;

5. Death insurance: If you die during the insurance period, you will be compensated according to the contract, generally the total insurance premium.