Is there an optimal age for annuity insurance?

Deep Blue Insurance Dedicated Insurance Brokers will provide you with professional advice.

Annuity insurance is generally divided into pure annuity, universal annuity and the "good start" products of large companies, and the most common is the pure annuity product, so in this article, we will also take pure annuity insurance as an example to talk about its characteristics.

Pure annuity insurance mainly includes pension and education annuity. Its income is fixed, and when you start receiving money and how much money you can receive, it will be written on the contract.

Its profitability and flexibility are characterized by the following:

Profitability: The yield is low in the early and middle periods, and the yield is higher in the later stage, generally reaching about 4%.

Flexibility: The flexibility is relatively low, and most products do not support the increase in premiums or reduce the insurance during the protection period.

Therefore, if you invest money in annuity insurance, you must be able to hold it for a long time and not use it easily in order to obtain higher returns.

The first thing to focus on when buying annuity insurance is the cash value, which is the money we can get when we surrender the policy; In addition, you also need to pay attention to how much money you receive each year, even if you pay the same money, the amount of money you can receive each year for different products will be different.

In addition, some annuity products will also come with other functions, such as docking with the retirement community. If there is such a demand, then we should first pay attention to the environment of the pension community, service system, supporting facilities, etc.

If you think it's all good, then choose a product with a higher amount and cash value from the perspective of income.

For friends who have already configured critical illness insurance, million medical insurance and other protection insurance, you can consider buying an annuity insurance to lay a good economic foundation for the future.

The best age for annuity insurance is 35-45 years old.

Annuity insurance means that the policyholder pays the premium on time or in a lump sum, and the insurer pays the insurance money on time on the condition of the insured's survival until the death of the insured or the expiration of the insurance period. It can be seen that annuity insurance is a stable savings insurance, which is very suitable for people with pension needs, and the insured begins to pay a few years before retirement, and can get insurance money on time after retirement by paying in full.

The function and significance of annuity insurance are mainly reflected in wealth inheritance, premium waiver, savings, loans and pension security. Wealth inheritance. Annuity insurance can designate the beneficiary, the duration of contributions, and the time when the payment begins, so annuity insurance can be used as a means of transferring wealth to others.

Save. Annuity insurance is paid on a regular basis, which can play a good role in saving funds.

Annuity insurance is a kind of life insurance, in which the policyholder or the insured pays the insurance premium at one time or on time, and the insurer pays the insurance premium annually, semi-annually, quarterly or monthly on the condition of the insured's survival until the death of the insured or the expiration of the insurance contract. Annuity insurance has the following three major advantages:

1. Strong operability: as long as you pay on time every year after insurance, you basically don't need to do anything, for people who don't like to worry about taking care of funds, it is convenient and has a certain income, and other things can be handed over to the insurance company to complete after payment.

2. Compulsory savings function: young people can develop the habit of persisting in saving pensions for a long time when they buy young insurance, and make special funds for special purposes. If you insure commercial insurance with a dividend function, the accompanying value-added effect has a certain degree of resistance to the risk of inflation.

3. Clear returns: According to how much pension you want to receive from the insurance company every month after retirement, you can calculate the amount of personal purchase and the payment period. After the appointed time, you can receive the money every month.

This is the biggest feature of annuity insurance that distinguishes it from other financial products, and it is difficult to accurately estimate the income after decades of general financial products, so it is impossible to determine the fixed amount.

The most suitable insurance age for annuity insurance is 35-45 years old, because people at this stage have a certain income, and there will be a large gap in the future pension security, and annuity insurance can provide certain protection for their old age. Annuity insurance should consider relevant factors when applying for insurance, otherwise it is likely that you will not be able to enjoy the maximum protection.

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1. First of all, we must consider the demand, which refers to the uncertainty or lack of future income, such as the elderly, they will retire after a certain age, and they can receive pension or pension insurance after retirement, but these incomes are relatively meager, and they still need other income. Some people may ask that the elderly have children to support, and their lives should be guaranteed, but in fact, the aging trend is serious, and many families are only children, which means that a couple has to support four elderly people, and the pressure can be imagined. Therefore, for the elderly who are about to retire, it is necessary to take out annuity insurance.

Annuity Insurance Product Information.

2. Secondly, we should consider the economic situation. There are several payment methods for annuity insurance, single payment, short-term payment and long-term payment, there is no advantage or disadvantage in these types, as long as you choose the method that suits you. Generally speaking, the income requirements for annuity insurance are not high, because even if the income is low, you can pay for a long time, as long as you pay in full within the specified period.

Therefore, from this point of view, the vast majority of people can be insured.

3. Finally, consider time. Because there is a certain interval between the payment of annuity insurance and the receipt of insurance benefits and each time the insurance benefits are received, the interval between each insurance product is different. Therefore, there is a certain risk for people who are too old to apply for annuity insurance, and they may die before the insurance money is paid.

Annuity insurance is a financial insurance with a compulsory savings function, with stable income, which is very suitable for people with children's education planning and pension planning.

Therefore, whether it is a child or an adult, it is actually suitable to buy annuity insurance, and the earlier you buy it, the sooner you can be protected, and the more the rate of return may be.

So, is annuity insurance suitable for everyone?

Not really. The real role of annuity insurance is to be safe and stable, originally designed to solve the problems we have to face more than ten years later, for example, your children go to school, retire for the elderly, so you expect it to make quick money, it is impossible to get rich overnight!

Is it necessary to buy this kind of insurance? Of course!

But I don't have a friend with an annual income of two or three hundred thousand, listen to my advice not to buy it easily, and ask yourself 3 questions before you start:

Do I have all the basic benefits?

Is there a sum of money that may not be used for more than ten years?

Can I accept a 3-4% return?

If you have any of these 3 questions, then you must slow down first, of course, if you are all "yes", then annuity insurance is suitable for you. The above are the two major pitfalls of annuity insurance, it is necessary to buy annuity insurance, but it is not suitable for everyone to buy.

Don't know how to buy insurance? Pay attention to the concentrated insurance brokers, we will tailor the insurance plan for you 1-to-1, adhering to a professional, objective and neutral attitude, and never let you spend more money in vain!

Arnold answers: Hello!

The age of the policyholder of the term annuity insurance varies according to the different payment periods, one is that the age of the insured who has paid for 10 years must meet the age of 28 days to 50 years old. The second is that the insured must be between 28 days old and 40 years old.

For example, some term annuity insurance supports people born 28 days old to 54 years old, while some products support people born 30 days old to 60 years old, and some products support people born 5 days old to 70 years old to apply for insurance, and the specific contract shall prevail.

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So who is suitable for term annuity insurance?

1.People who want to store money.

When we buy annuity insurance, we deposit a lump sum of money to the insurance company at one time or every year, so that we can force ourselves to save a sum of money. However, when we buy annuity insurance, we also need to pay attention to avoid these pitfalls: learn this trick and stay away from the 99% pit of annuity insurance.

2.People who want to manage their finances.

Although it is also possible to manage money, the risk of managing money in these ways is relatively large, and it is not very friendly to people who are not good at financial management.

The income of annuity insurance is fixed, and the specific time to receive and how much to receive are written in black and white in the contract, basically there is no risk, and it will not be affected by external economic changes, which can allow us to have a relatively stable income. In fact, in addition to annuity insurance, the income of increased whole life insurance is also very stable, and the details can be stamped: what is the sacredness of [increased whole life insurance] that can not only manage money but also protect it?

Is it worth starting?

As a wealth management type of life insurance, there is no doubt that annuity insurance has certain advantages compared with other financial products in the market, but is it suitable for everyone to buy annuity insurance? The answer is that not everyone is suitable for annuity insurance.

Before applying for annuity insurance, you need to configure and improve life insurance. Protect first, then manage your money! Health is the first thing in life, and financial management is meaningful when all aspects are fully protected.

After having sufficient protection, Daddy recommends that the following people configure an annuity insurance:

People with forced savings:At present, consumerism is prevalent, and many friends can spend as much cash flow as they want, and buying annuity insurance can restrain some impulsive consumption while preparing a guarantee for the uncertain economic situation in the future.

People with financial needs:At present, although the interest rate of annuity insurance is not high, it is better than stability, and with the protection of insurance contracts, Daddy believes that it is better than the bank's continuously declining interest rate.

People who want to pass on their wealth:There is not a small amount of disposable property in hand, and there is also a need to leave wealth for future generations. By purchasing annuity insurance for your children, you can continue to receive a wealth after your children become adults.

1. The purchase of annuity insurance is suitable for those who have improved the basic protection and configured the relevant accident insurance, health insurance protection and life insurance, if there are still idle funds, those who want to maintain and increase the value of their children's education plans and their own pension plans can consider buying.

2. I plan to leave a sum of money for my child, but I don't want my child to squander it when he is ignorant, I hope that I still have the right to control the funds, and I will give it to my child when the time comes.

3. Annuity insurance is an economic reserve for the future, as a consumer is of course very concerned about the return of income, annuity insurance is generally a medium and long-term insurance, the short-term benefit will not be great, must be able to hold the funds for a long time, insurance products need to have enough capital appreciation time, in order to have considerable income in the future.

1.If this type of insurance has been configured and there is spare money in hand, you can consider purchasing financial insurance such as annuity insurance;

2.At present, there is still a spare amount of money in hand, but the future income is unstable, you can consider buying annuity insurance, after all, annuity insurance can be agreed to start from a certain period of time (such as from the age of 50, 60 years old) to receive insurance money, from the banquet and protect the future will not fall into embarrassment due to economic reasons;

3.People who want to save education funds and wedding funds for their children can consider purchasing annuity insurance, such as agreeing to receive insurance benefits at the age when their children go to school and get married, so as to prepare financially for their children's future in advance.