What is annuity insurance and what is annuity insurance

There are mainly the following types of annuity insurance:

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. Annuity insurance product information.

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 product information.

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Annuity insurance is a kind of policyholder or insured person who pays insurance premiums at one time or on time, and the insurer pays insurance premiums 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. To put it simply, it is to use a sum of money in the hand at present to exchange for a stable income in the future, and the biggest difference compared with other insurance is that the funds protected by annuity insurance are not personal life, which is more like an economic reserve than the protection. The advantage is that it can be held for a long time, paid stably, and is safe and reliable.

Annuity Insurance Basic Knowledge Area: Annuity Insurance Product Information.

1. Protect your child's future. Annuity insurance is an education fund.

If the parents are the policyholders and the children are the insured, when the children reach the specified age, the money can be withdrawn as the children's education funds, which can provide better educational resources for the children.

2. Protect your old age. Annuity insurance.

The insured pays the premiums on time, and the insured can start to receive the corresponding pension at the agreed time when he reaches the specified pension age until the insured dies or the contract expires. If you choose a long-term annuity insurance that can meet your needs, you can regularly obtain a considerable amount of annuity as a supplementary fund for your pension, so that the quality of our old age life will not be affected.

Other insurance questions can be consulted.

Pre-sales product consultation: 400-880-3633

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Annuity insurance includes education annuity insurance, pension insurance, and other annuity insurance. Educational pension insurance generally starts before the age of 12 and receives the benefits between the ages of 18 and 25. Pension insurance is generally purchased before the age of 60 and the benefits are paid 5 years after the insurance is purchased.

The premium payment method of annuity insurance is divided into regular payment and single payment, the period is paid in installments, the number of periods is generally 5 years, 10 years and 20 years, and the single payment is a one-time payment.

1. Regular payment: After the policyholder pays the premium, the insured will be given the insurance money regularly on the condition that the insured survives during the contract period until the insurance expires or the insured dies;

2. Lifetime payment: After the policyholder pays the premium, the insured will be given the insurance money or a one-time insurance payment from the time of retirement, and the contract will be terminated when the insurance money is paid in full at one time or the insured dies;

3. Joint collection: When the insured object is two or more people, after paying the premium, one form is that the insurance is terminated after the death of one of the insureds, and the other form is that the insurance is terminated after the death of all the insureds.

Legal analysis: 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 survival until the death of the insured or the expiration of the insurance contract. It is a type of life insurance, which guarantees that the insured can obtain economic benefits when he or she is old or incapacitated.

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

1. Lifetime annuity insurance, also known as "pension insurance", or "pension insurance". Generally, the insured person is a unit or group, and the insured person is an employee of the unit or group;

2. Term annuity insurance, according to the provisions of the insurance contract, the policyholder or the insured pays the insurance premium during the contract period, and the insurer assumes the responsibility of paying the insurance money on the condition that the insured survives within the period specified in the contract, and the insurance is terminated upon the expiration of the specified period or the death of the insured;

3. Joint annuity insurance, with two or more family members as the insurance object, after the policyholder or the insured pays the insurance premium, the insurer pays the insurance money on the condition that the insured survives together, and if one of them dies, the insurance is terminated.

Legal basis: Insurance Law of the People's Republic of China

Article 10 The insurance contract is an agreement between the policyholder and the insurer to determine the relationship of insurance rights and obligations. The policyholder refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay the insurance premium in accordance with the contract. An insurer refers to an insurance company that enters into an insurance contract with the policyholder and bears the responsibility of compensation or payment of insurance money in accordance with the contract.

Annuity insurance is an insurance that takes the survival of the insured as the subject matter of insurance. Generally speaking, the payment methods of annuity insurance include one-year payment, half-year payment, quarterly payment and one-month payment, and you need to pay until the death of the insured or the expiration of the insurance period. In essence, annuity insurance is a type of life insurance, which can protect the insured to obtain certain economic benefits after losing the ability to work.

In actual economic life, annuity insurance is also known as commercial pension insurance, which is a type of life insurance. The policyholder needs to start paying premiums from a young age, and according to the insurance contract signed by Lu Dou and the insurer, after the appointment, you can receive a certain amount of pension on a regular basis. Generally speaking, this part of the pension can basically meet the living needs of the insured.

There are generally two types of commercial endowment insurance, one is endowment insurance in the traditional sense, with an expected rate of return, and the other is a dividend-paying endowment insurance. Among them, the dividend-paying endowment insurance can choose the dividend distribution method according to the wishes of the insured early insurer.

Annuity insurance refers to the financial insurance in which the user regularly pays a certain premium to the insured company and receives the survival insurance money from the insurance company from the agreed time. The payment of survival insurance premiums is usually paid a certain amount on an annual cycle, so it is called annuity insurance. The above is the relevant content of annuity insurance.

1. Personal endowment insurance: If you die before the age of survival insurance as agreed in the insurance contract, the insurance company will refund the premium or cash value paid;

2. Term annuity insurance: After the insured survives to a certain period of time, the insurance company shall pay annuity insurance to the insured in accordance with the payment period agreed in the insurance contract, and the payment time shall be until the expiration of the period specified in the contract. If the insured dies within the agreed period, the annuity payment shall be terminated after the death of the insured;

3. Joint annuity insurance: insurance that is based on the survival of two or more insureds as the condition for paying annuity;

4. Variable annuity insurance: In this type of annuity insurance, the insurance company transfers the premium to a special account for a certain investment, and then distributes the investment dividend to the insured who participates in the annuity.

Annuity insurance is a kind of life insurance, which is based on the survival of the insured, and pays the insurance money annually, semi-annually, quarterly or monthly until the death of the insured or the expiration of the insurance contract

Whole life annuity insurance: Whole life annuity insurance refers to the annuity insurance in which the insured can receive the agreed annuity according to the contract until death after reaching the target period;

Term annuity insurance: It means that after the insured pays the premium on time, the insurance company needs to pay the annuity agreed by the insured on time from the time of the contract until the expiration of the insurance contract;

Joint annuity insurance: refers to an annuity insurance that is based on the lives of two or more insureds.

There are mainly the following three groups of people who are suitable for purchasing annuity insurance: 1. People with pension needs; 2. Parents to prepare for their children's education or marriage; 3. People with financial allocation needs, annuity insurance is very safe and reliable for annuity buyers, and the purchase of annuity insurance can lock in part of the wealth, increase the diversification of family wealth allocation, as a future reserve fund, and protect the bottom line of family wealth.

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Other insurance questions can be consulted.

Pre-sales product consultation: 400-880-3633

After-sales service: 95362

According to the management content issued by the China Insurance Regulatory Commission, it can be known that life insurance is divided into four categories: life insurance, annuity insurance, health insurance and accident insurance regarding the design and classification requirements of life insurance products. In other words, annuity insurance and life insurance both belong to the same subcategory of life insurance, and both types of insurance belong to the category of life insurance. Annuity Insurance Product Information.

Annuity insurance refers to the insurance that the insurance company pays the insurance money to the insured in a regular and regular manner according to the method and amount agreed in the contract and within the agreed period during the life of the insured. To put it simply, it is to exchange the current funds for future stability, and reserve part of the funds obtained from the current efforts to ensure that there is still a stable economic income when financial support is needed in the future.

Hello dear, I'm happy to answer for you, annuity insurance is a life insurance product, which belongs to long-term savings insurance. It means that while the insured pays the premium, the insurance company promises to provide the insured with a certain pension or annuity in accordance with the pre-agreed method when the insured reaches a certain age, so as to meet the living needs of the insured after retirement. Compared with other life insurance products, the main feature of annuity insurance is that the protection period is longer, usually covering the entire retirement period of the insured, which can provide the insured with longer-term protection.

The main advantage of annuity insurance is that it can provide long-term pension or annuity protection for the insured, so that they do not have to worry about life after retirement. In addition, annuity insurance can also provide tax incentives, which can effectively alleviate the tax pressure of the insured. However, there are some drawbacks to annuity insurance.

Due to the long protection period of annuity insurance, the premium is relatively high, so you need to consider your financial situation and protection needs when purchasing. In addition, the yield of annuity insurance is usually low and the coverage is relatively narrow, which cannot meet all the insurance needs of the insured. In short, annuity insurance is a long-term savings life insurance product, which can provide long-term pension or annuity protection for the insured, but you need to carefully consider your financial situation and protection needs when purchasing, and carefully read the insurance terms and precautions to ensure that you understand the important content of the insurance coverage and responsibilities.