Hello, I am 38 years old this year, am I suitable to buy Sunshine Life s universal insurance? I was

To put it simply, universal insurance is a comprehensive insurance product that has both protection and investment functions. A good universal insurance can not only provide death, critical illness, accident, medical and other protection, but also a universal account to provide income protection"Top 10 Popular Universal Insurance Points!

At the age of 38, it is recommended to choose protection insurance, if you still want to buy universal insurance, you may wish to have a detailed understanding of it:

In fact, many people imagine universal insurance as too good, and there are the following points:

1. Universal insurance is not a panacea

In addition to providing death benefits, universal insurance can also add critical illness, medical, accident and other protections, but in fact, these benefits are very large.

For example, the critical illness protection of many universal insurance companies on the market is not good enough, excluding mild and moderate illness protection, the number of claims is small, and the critical illness sum insured and death shared sum insured are insufficient. The additional medical insurance has a low reimbursement amount, and lacks practical functions such as medical advance, medical green pass, proton and heavy ion.

Space is limited, other disadvantages of universal insurance can be seen in this article:How much money can I make by buying universal insurance? Don't be sold, be happy.

2. High deduction fees

Universal insurance is compounded through the universal account, but the money in the universal account is not the premium you pay, the premium you pay needs to deduct the initial fee, protection fee, policy management and other expenses, is the real money into the universal account, taking Ping An's smart star as an example, the insurance company will deduct a certain percentage of the initial cost in the annual premium, 50% in the first year, 25% in the second year, and 15% in the third year...However, the cost of protection will increase with age, and it can be said that the deduction of universal insurance is a bottomless pit.

Third, the income of the universal account is not ideal

Between the guaranteed interest rates of domestic universal insurance, the actual settlement interest rate is uncertain, and the money that enters the universal account after deducting a series of expenses is not much, and the money in the universal account is small, even if it is calculated according to the mid-range interest rate, it is impossible to return the capital in the short term.

As an insurance, there are many defects in protection, and as an investment product, its income is gradually losing its advantage, and in general, both protection and financial management are not excellent. If you want to buy a higher yield financial insurance, annuity insurance or increased whole life insurance will be a better choice, if you are interested, you can take a look at these products:"[Stable Income] Top 10 Annuity Insurance Points Worth Buying!

Hope!

Universal insurance can be bought, and it cannot be moved for 10 years. 6000 can also be, and when you are older, you can return all the additional insurance, and only leave the main insurance, and the protection cost will be much less.

There is a concept of personal account value in universal insurance, and this personal account value can be withdrawn by the customer at any time. However, if you don't take it out, the value of your personal account will only accumulate interest in the form of daily interest and monthly compound interest, and each company will inform you of this interest rate on the official ** every month (don't care too much about how good the compound interest is, **The announced interest rate is annualized compound interest).

Another concept is the initial cost and other expenses.

Not all your money can be credited to your personal account, and the initial fee will be deducted at the time of each payment, and the remaining amount will be credited to your personal account. Most universal insurance plans are mostly deducted in this way:

50% will be deducted for the first payment of 6000, and 5% will be deducted for more than 6000

25% will be deducted for the second payment of 6000, and 5% will be deducted for more than 6000

15% will be deducted for the third payment of 6000, and 5% will be deducted for more than 6000

10% will be deducted for the first payment of 6000, and 5% will be deducted for more than 6000

5% will be deducted for the 6000 and 5% for the 6000 or more payment

Depending on the type of insurance, the initial cost is even different, depending on the terms.

In addition to the initial cost there are:

1.The policy administration fee, which is fixed, is generally around 60 a year.

2.Risk management expenses, the general universal insurance accident insurance amount is about 120,000, and this protection needs to deduct the risk management fee every month. If there is a critical illness or other liability, there is an additional deduction.

3.Some of the payment fees, some universal insurance plans set a limit on the number of times they can receive in a year, after which they will be charged for each subsequent claim.

In addition, if other liabilities such as critical illness are attached, additional deductions will be required.

If it is for protection, it is recommended to choose pure protection insurance, and do not choose such nondescript products as universal insurance additional protection.

There are several types of universal insurance specific to Sunshine, I don't know which one you are talking about, but it is still the above words, in order to protect it, it is recommended not to choose universal insurance. In addition, the low-end of the demonstration data on the proposal is calculated according to or (the guaranteed interest rate specified in the contract), and the mid-range is generally calculated according to it. In fact, only one product, "Sunshine Ruyi Insurance Type B (Universal)", has reached the annualized interest rate.

From the perspective of income, Sunshine Ruyi Insurance Section B (universal type) is still good, annualized compound interest according to last month's data), 0 initial fees and 0 policy management fees.

In addition, it is best to have insurance that suits you, not just by looking at your age to make a plan. Insurance is a science, is an indispensable part of the risk protection side of financial management, to consider many issues, such as whether to get married, whether to have children, whether there is a mortgage and so on. No one-size-fits-all insurance is one-size-fits-all and suitable for everyone.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Personally, I think that if you don't have other insurance, you should not mainly consider pension. You are now 38 years old, which is on the rise, and family responsibilities are more important to you. So you should pay more attention to accidents and diseases.

Nowadays, there is a refund type. That is to say, accidents and illnesses are covered, but if no claims occur during the insurance period, the insurance will end, and the full premium will be refunded, and there will be an increase in value for you. Because at this stage, pension is not your first consideration.

Personal opinion.

Summary. For example, if a customer has purchased Sunshine Life "Sunshine Baby" insurance for his daughter who has just completed the month, and pays 10,000 yuan per year, plans to pay for 6 years, and then adds (overpays) the premium of 20,000 yuan each time in the second and fourth years (a total of 100,000 yuan). Your child will have the following benefits:

1. Hospitalization expenses: 6,000 yuan for each hospitalization, unlimited times throughout the year; 2. Hospitalization allowance: 50 yuan per day; 3. Medical expenses for accidental injuries:

5,000 yuan per year; 4. Accidental injury protection: up to 100,000 yuan, claims for mild diseases: 40,000 yuan, and claims for 16 specific diseases for children

40,000 yuan, 110 kinds of critical illness claims.

Hello dear, glad to answer for you! Sunshine Baby is a universal insurance for young children of Sunshine Life, which can meet your needs at various stages such as illness, education, inheritance, pension, medical care, etc.! Health fund + value-added fund + medical fund slippery and repentant infiltration, leveraging the flow of funds for the child's future life!

If a customer insures Sunshine Life's "Sunshine Baby" insurance for Shiyou's daughter who has just completed the month, and pays $10,000 per year, the bureau will pay for 6 years, and then add (overpay) the premium by $20,000 each time in the second and fourth years (a total of $100,000). The child will have the following benefits: 1. Hospitalization expenses:

6,000 yuan will be reimbursed for each hospitalization, and there is no limit to the number of times Tong returns throughout the year; 2. Hospitalization allowance: 50 yuan per day; 3. Medical expenses for accidental injury: 5,000 yuan per year; 4. Accidental injury protection:

Up to 100,000 yuan for minor diseases: 40,000 yuan, 16 children's specific diseases: 40,000 yuan, 110 major diseases.

It can be used as health insurance, it can be used as education funds, it can be used as pensions, it can be used for dividends, it can prevent currency depreciation, and so on. Sounds really good, if there is really such a universal and can solve so many problems, then everyone can buy a universal insurance, and the insurance company does not have to spend effort to develop so many insurance products.

Today, I will dissect the universal insurance to see if it is really omnipotent!! See if it's really as good as the legend says?

Universal insurance features.

1. Universal insurance has two accounts, and part of the premium paid goes into the personal account, which is really the funds at your disposal, and the monthly interest rate settlement is also based on this account, and the monthly compound interest is rolled over. The interest rate settlement depends on the company's investment and operation level, and the other part of the premium is deducted by the insurance company, including the initial fee, policy management fee, risk protection fee, etc.

In exchange, the insurance company bears the agreed risk protection, and the policyholder can increase or decrease the insurance amount according to their own needs, and the corresponding deduction of risk protection costs is also different.

2. The initial cost of universal insurance is deducted for more than a few years in the first few years, and then it decreases year by year, if you just want to pay a premium for three or five years, and obtain a higher return than bank savings, and do not want to save for too long, I advise you to dispel this idea, because the proportion of initial expenses deducted in the previous years is high, and the investment income is far from enough to make up for the deduction of expenses.

3. The risk protection cost of universal insurance is different from the general traditional insurance using the equilibrium rate, which is the use of natural rate, that is, the premium increases with the increase of age, (unlike the equilibrium rate, the insurance company is the same every year according to an average rate) The characteristics of the natural rate determine that you can buy a high amount of risk protection at a relatively low cost when you are young, and the risk protection cost is quite expensive when you are older.

Some people want to say that the risk protection cost deducted from the universal insurance plan I saw when you are old is not very high, this is because most of the universal insurance on the market adopts this model, when the risk is out, when your personal account value is less than your risk insurance amount, the insurance company pays you the risk insurance amount, when your personal account value is greater than the risk insurance amount, the insurance company pays 105% of the value of your personal account, in fact, the risk borne by the insurance company at this time is 5% of the personal account value. The corresponding deduction of risk protection expenses, that is, the premiums corresponding to this part of the sum insured, of course, does not seem to be much, which greatly reduces the sum insured.

4. Universal insurance deposit and withdrawal are relatively free, sustainable payment, additional premiums can be added, premiums can be deferred, and partial withdrawals can be made (all withdrawals will automatically terminate the contract), note that deferred payment and partial withdrawal are based on the minimum amount of personal accounts stipulated in the contract, and there is enough money to deduct risk protection costs, etc., otherwise customers will eventually find that there is no money in the personal account and the insurance is invalid.

A total of 60,000 was paid

Don't know what you're paying for?

I heard that the later this kind of insurance dies, the more money it will lose. Let's look at the content of the contract.