Is it cost effective to buy annuity insurance at the age of 45, and is it appropriate to buy annuity

Whether it is cost-effective to buy annuity insurance at the age of 45 depends on what product you are buying. After all, different annuity insurance products may provide different protection contents, so it is necessary to understand the specific protection content before proceeding to the next analysis.

If you are 45 years old and you don't know what annuity insurance is suitable to buy, it is recommended to learn about "Bright Life (Wisdom Selection) Pension Insurance". The information about this product, the senior sister has been sorted out in this article, and friends in need can click here to receive: Bright Life (Wisdom Edition) Pension insurance must be seen before buying!

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In order to facilitate everyone's understanding, let's introduce this product below.

Let's take a look at its security map first:

1. Analysis of insurance conditions.

As can be seen from the figure above, Bright Life (Wisdom Edition) pension insurance supports people aged 30-60 years old, so 45-year-old friends are within the age range of the product.

In terms of payment period, Bright Life (Huixuan Edition) Pension Insurance This product not only supports single payment, but also sets a variety of annual payment periods, which is very flexible.

2. Support is guaranteed for 20 years.

The pension protection of Bright Life (Wisdom Edition) pension insurance also supports a guarantee of 20 years.

Everyone knows that the payment of pensions is usually conditional, and only if the insured survives to the agreed time, it will be paid according to the agreement, and if the insured has died, it is very likely that he will not be able to receive it.

The advantage of supporting the guarantee is that if the insured dies during the guarantee period, the insurance company will pay the remaining unpaid pension to the beneficiary in a lump sum, which is very intimate.

If you have the idea of buying annuity insurance at the age of 45, then Bright Life (Wisdom Selection) pension insurance is worth considering.

But if you are still not satisfied with this product, you can also take a look at this list again, and make a decision after comparison: Top 10 annuity insurance rankings Want to buy high-yield annuity insurance? Don't miss out on these 10 again!

If it is a short-term guarantee, it is certainly not cost-effective for young people. If it is a financial insurance with a lifetime guarantee, the underwriting period of the general annuity main insurance is shorter. For example, China Life Insurance is guaranteed for 8 years for 3 years, but dual account and whole life insurance are well opened and are worth considering.

There are dozens of life insurances that increase the amount, which not only ensures the safety of value, but also provides the function of increasing the amount, with more objective returns. It's also cost-effective.

Extended Materials. 1.Annuity insurance refers to the one-time or regular payment of insurance premiums by the policyholder or the insured, and the insurer pays the insurance premiums annually, semi-annually, quarterly or monthly, on the condition of the insured's existence, until the death of the insured or the expiration of the insurance contract.

It is a type of life insurance that guarantees financial benefits to the insured person in the event of old age or incapacity.

2.There are three types of annuity insurance according to the period for which the insurance benefits are paid:

Life annuity insurance, also known as "pension insurance, or pension insurance."

The insured is generally a unit or group, and the insured is an employee of the unit or group. The policyholder collects and pays insurance premiums in accordance with the provisions of the insurance contract until the insured reaches the prescribed retirement age.

The insurer shall pay the insurance on time or in a lump sum.

Retired insured persons pay insurance premiums. The insurance shall be terminated if the insured dies or if the entire insurance premium is paid in one lump sum.

Term annuity insurance.

According to the provisions of the insurance contract, the policyholder or the insured shall pay the insurance premium during the insurance contract. The insurer shall be liable to pay the insurance money on the condition that the insured continues within the period agreed in the contract. The insurance is terminated upon the expiration of the insurance period or the death of the insured.

3) Joint annuity insurance covers two or more family members. After the policyholder or the insured pays the insurance premium, the insurer shall pay the insurance premium in accordance with the conditions of the joint existence of the insured. One of them dies and the insurance is terminated.

Another form is when all the insured dies, the insurance is terminated, which is called joint ultimate survival annuity insurance. Annuity insurance can be provided by social welfare.

The insurance is handled through legislation, and it can also be handled by the insurance company through the signing of an insurance contract.

3.Key features:

Annuity insurance can have a fixed term or no fixed term, but it is premised on the existence of the annuity insurance insured. When the payee dies, the insurance company immediately terminates the payment.

Annuity insurance can provide financial security for later life. When you are young, you can save your idle funds to pay your insurance premiums, and when you are old, you can receive a fixed amount of insurance money on time.

Annuity insurance is very safe and reliable for annuity buyers. 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 annuity insurance companies purchased for the customer are merged, the combined insurance company will still share the annuity benefits for the buyer.

Life insurance is paid in installments in accordance with the insurance contract with the survival of the insured as the condition for the payment of insurance money, and the payment interval does not exceed one year (including one year).

Buying an annuity at the age of 45 is mainly for the future pension needs and the preservation and appreciation of idle funds.

If you buy a product with a short annuity protection period, it is relatively not cost-effective. Because 45-year-old people buy financial insurance, it is best to focus on life, such as the kind of short-term protection years, which is obviously not suitable, compared with young people, it is definitely not cost-effective;

If you buy lifelong protection financial insurance, this kind of relatively cost-effective, such as the insurance company's good start annuity products, is generally the main insurance coverage period is short, but there is a lifelong universal account. Taking a company's product as an example, it is worth considering that it pays 3 years for 8 years, but the good start is the operation of dual accounts, and the additional universal account guarantees for life, which is equivalent to not receiving the main insurance money, and directly putting it into the universal account for secondary value-added, which is worth considering;

There is also an increased amount of whole life insurance, which not only protects the value of the insurance, but also provides the function of increasing the amount, which has a more objective income, which is also cost-effective.

Therefore, whether it is cost-effective to buy annuity insurance at the age of 45 depends on your purpose and choice of product.

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Summary. It is not suitable to buy annuity insurance at the age of 53: Annuity insurance is a returnable financial product, if you start to apply for insurance at the age of 53, the insurance company will use it as a capital investment for too short a time, and the annuity return will be relatively low.

So what age is the best age to buy an annuity?

Buy annuity insurance as early as possible, the protection time is long enough, and the income is high.

For example, if a 0-year-old male pays for 3 years, and at the age of 5, the cash value has reached the premiums paid, if the product is combined with universal insurance during the period, the product income will be more considerable. If the survival fund and maturity fund are not claimed, they can be directly entered into the universal account for secondary value-added.

Is it appropriate to buy annuity insurance at the age of 53?

It is not suitable to buy annuity insurance at the age of 53: Annuity insurance is a returnable financial product, if you start to apply for insurance at the age of 53 or Qicai, the insurance company will use it as a capital investment for too short a time, and the annuity return will be relatively low. So what age is the best age to buy an annuity?

Buy annuity insurance as early as possible, the protection time is long enough, and the income is high. For example, if a 0-year-old male pays for 3 years, and at the age of 5, the cash value has reached the premiums paid, if the product is combined with universal insurance during the period, the product income will be more considerable. If the survival fund and maturity fund are not collected, they can be directly entered into the Wanzhi energy account for secondary value-added.

Buying annuity insurance is no longer a simple issue of investment protection, but also a matter of life planning. In the context of declining interest rates, annuity insurance can maintain long-term and steady growth and become irreplaceable by any other financial products. Annuity insurance simply means that you pay money on insurance business, and after retirement, you will receive the money according to the contract.

We purchase annuity insurance in installments through the "annual payment plan", which is equivalent to a fixed savings, and the earlier we buy it, the cheaper it will be to pay the premiums. Deal with delayed retirement with ease.

Please consult again what pension insurance you can buy.

1. Social security 2, critical illness insurance 3, cancer prevention insurance 4, accident insurance 5, medical insurance.