Introduction to Xinhua I Guardian Term Life Insurance Who is suitable for insurance

Since each company's policy is different, it is recommended to call the insurance company** directly for consultation.

Xinhua i Guardian Term Life Insurance provides protection against death of illness or accidental death or total disability with a lower premium, which is more suitable for consumers with average economic conditions but heavier burdens. This insurance is very convenient because of the flexibility of the insurance period. So, what is the age of application for Xinhua i Guardian Term Life Insurance?

Below, let's take a look at this product.

Xinhua i Guardian Term Life Insurance

Notices for Insurance

Issue age: 18-50 years old (inclusive).

Insurance period: 20 years, 30 years, up to 50 years old, up to 60 years old, 70 years old.

Payment period: Paid annually.

Insurance Liability

1. Death or total disability due to illness

If the insured dies of illness or total physical disability within the first policy year after the effective date of this contract, the insurance company shall pay the death or total disability insurance benefit at twice the actual premium paid under this insurance, and this contract shall be terminated.

If the insured dies or becomes totally disabled due to illness within the second policy year after the effective date of this contract, the insurance company shall pay the death or total disability insurance benefit at the rate of 5 times of the actual premium paid under this insurance, and this contract shall be terminated.

If the insured dies or becomes totally disabled due to illness in the third policy year after the effective date of this contract, the insurance company will pay the death or total disability insurance benefit according to the insured amount of this contract, and this contract will be terminated.

2. Death or total disability due to accident

If the insured dies or becomes totally disabled due to accidental injury, the insurance company shall pay the death or total disability insurance benefit according to the insured amount of this contract, and this contract shall be terminated.

Compared with term life insurance, the biggest feature of whole life insurance is that it has a long protection period, which "can be guaranteed for a lifetime". As long as the contract remains valid, the beneficiary of the whole life insurance policy will receive the insurance benefits. But in the actual buying process, many people will fall into the mistake of purchasing.

Who is whole life insurance suitable for? The main ones are as follows:

1.People who can afford higher premiums.

Whole life insurance has a long payment period and is suitable for people with a fixed income and a higher income. For example, the breadwinner of the family, in addition to term life insurance, can also be purchased with whole life insurance, accident insurance and other insurance to achieve true comprehensiveness.

2.People who have the purpose of saving and protection.

Although whole life insurance does not receive the benefits until the death of the insured, its savings can generate cash value. At present, there are many additional dividend functions of whole life insurance, which can be used as a variety of savings and protection. If you need money after death, you can also take a mortgage or surrender the policy to get back some of the funds.

3.People with estate planning needs.

Whole life insurance is a type of insurance that is ideal for estate planning. This is because it needs to be paid after the death of the insured, and the payment of the insurance benefit can not only be distributed in full accordance with the wishes of the policyholder, but also protected by law and exempt from inheritance tax.

People who want to leave their inheritance to the next generation can transfer assets and avoid taxes by purchasing whole life insurance, and for some private business owners, insurance is also a way to avoid debt. In addition, the purchase of participating whole life insurance can also achieve the purpose of financial management. Under normal circumstances, the value-added function of insurance is weak, and the most important determinant of insurance value-added is time, not the rate of return.

Lifetime participating insurance can make the most of the factor of time and obtain the magical effect of increasing insurance compound interest.

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