Is universal insurance paid for life, the difference between whole life insurance and universal insu

Paying for life means that you have the right, not the obligation, to pay for life. You can decide for yourself how long you want to pay, but it is recommended to have a minimum of 10 years.

The so-called universal insurance is a life insurance product that includes two major functions of investment and protection, and the policyholder will enter two accounts after paying the premium to the insurance company, one part of which will enter the risk protection account for protection, and the other part will enter the investment account for investment.

Universal insurance is a rich person's insurance, if there is no annual payment ability of 3-50,000 yuan, it is recommended not to buy universal insurance, otherwise the purchase of thousands of yuan will definitely lose money, and there will be no protection and no money when you are old.

Suppose you pay 6,000 a year at the age of 30 and pay it for 10 years, and buy the mainstream universal insurance in the market. I don't have a quick calculation**, give me a rough idea.

At the age of 30 in the first year, after paying 6,000 into the account after deducting the initial fee and the protection cost of the current year, the balance of the policy account is 2,800 yuan.

In the second year, after deducting the initial fee and guarantee cost from the 6,000 into the account, the account balance is 4,300 yuan, and then 2,800 yuan in the first year is added.

In short, 60,000 yuan was invested in ten years, and the initial fee was nearly 8,000 after deduction, and the insurance cost was 3,600 (100,000 critical illness + 100,000 death), and the remaining 40,000 was about 40,000. This total is calculated based on a mid-range annual return of 3%. After 10 years, the account balance is about 50,000 yuan.

If you don't continue to pay, the 50,000 plus 3% annual interest can probably be protected until the age of 65 (100,000 critical illness + 100,000 death), and then the policy account balance will go to zero, and the protection and deposit will be lost. At this point, all the money and security you paid is gone. Another point, if you consider inflation, even if you go out of the way, how much is it really worth 100,000 + tens of thousands of the policy value in a few decades?

There is no limit to the number of years you can pay, as long as you are willing to pay, you can pay for life. However, it is generally recommended to pay at least 15-20 years.

Universal insurance has both the function of protection and saving, with protection in the early stage, financial management in the medium term, and pension in the later stage.

However, you need to deduct the cost of security every year, and as you get older, the cost of security will be deducted more and more, so it is recommended to take out the money in it for the elderly until you are about 60 years old.

Universal insurance does not have to be paid for life, but it is likely to be surrendered after the funds in the account are deducted halfway; For the sake of illness protection, you should choose critical illness insurance, medical insurance:

1. Since universal insurance charges an initial fee, the first year is 50% of the premium, so the account value has shrunk greatly, even if you are given 5% of the income every year, the account value in the first 10 years is basically negative, and friends who fancy the financial management function of universal insurance should not ignore this;

2. In addition, the protection cost of the basic sum insured and the critical illness sum insured is increasing year by year, and it begins to grow rapidly at the age of 60, so there will be no benefit from buying universal insurance after the age of 35; If you are a longevity star, you must pay a premium every few years after the age of 60 to keep the policy in force.

3. The strength of insurance lies in protection, financial management is the weakness, and the type of financial insurance is basically not as good as the 5-year bank deposit (at least 25 years).

Universal insurance is flexible and has dividends, but the cost of protection must be deducted for life.

Whole life insurance can be borrowed ...... when you need money urgentlyUniversal insurance, on the other hand, is partially flexible.

The subject of whole life insurance is the life of a person, while universal insurance is a financial management type, named because of the addition of a universal account, not everything!

Taikang Assured Wealth Management Whole Life Insurance (Universal) is actually a whole life insurance product. Critical illness is added as a supplementary insurance, and if a serious illness occurs, it will be paid in advance once it is diagnosed, but other medical expenses need to be calculated separately. At the same time, it is also a universal insurance that is a sign of signs, and is the universal insurance that has been hyped up in various ** really universal?

Universal insurance is flexible, and it is okay to pay for 3 or 5 years? In fact, there is no such thing as insurance at all, why? In other words, if the payment is flexible, it is not insurance, but should be called deposit, to the bank survival period, want to save if you want to save, want not to save, want to save for three years, save for five years, save for five years, this is called flexible.

As you know, there is no such thing as a free lunch. How free to receive universal insurance? Here's an example:

You go to the bank to deposit a five-year fixed term, of course, you have the right to withdraw in advance, this is called the freedom to receive, but your interest can only be calculated according to the current interest rate, which is the loss borne by me. However, the receipt of simple crack lease insurance is completely different from that of banks. If you receive it early, you may not even get the principal back.

Universal insurance, if you have abundant funds, the source shirt is considered a medium and long-term investment, and by the way, it can indeed be considered; If not, it is advisable to be cautious, otherwise you will end up saying "insurance is a lie".

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

Want to buy universal insurance, but don't know the right one?

Answer: Universal insurance payment for life, deduction for life, annual cost deduction are all **!

1. Not suitable for people around 50 years old or above.

2. Based on the contract, the guaranteed interest rate shall not be lower than the bank interest rate.

3. The company has long-term stable income, and the investment income is not high or low.

4. The annual premium should be in line with one's financial ability and controlled at 10-15% of the annual income 5. The controllability of universal insurance is extremely poor and the cost is extremely high, so it is recommended that the payment age is more than 10 years.

6. The best buyers are mainly those with generous financial ability, the younger, and those with conservative needs, and they are commonly known as "rich people" in Slow State!

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

Universal insurance, is a concept of insurance, many companies publicize, both protection, and dividend income, sounds very tempting, but later, there are many people who say that insurance is a lie, a lot of similar problems, are from the buried Liang Li universal insurance, I simply, to explain to you, you want to bend the search attention points, to pay attention to the following points.

Do you want to know how much you need to pay and how much you can receive in the future? and other vital interests, these issues you must care about.

Universal insurance is suitable for people who are wealthy and ready to pay for life, because in this way they can save enough for their own pension, or give it to their heirs to avoid taxes.

Universal insurance, its payment fee is divided into two parts: regular payment and posthumous payment, and the posthumous part is rewarded with a certain percentage, which is a lifelong payment, and it has not been paid for many years.

The minimum guaranteed annual interest rate is just a reference data, everything is subject to the actual profit, who can calculate the income for you in detail, it is all nonsense, lie to you.

Universal insurance is not a panacea, it's just a concept.

For insurance, it is not like this, the payment is flexible, then it does not belong to the key mu insurance, but should be called saving money, to the bank survival period, want to save on the save, do not want to save, want to save for three years, want to save for five years, save for five years, this is called flexible. As you know, there is no such thing as a free lunch.

You should know that there is a handling fee for the receipt of insurance, and if the surrender loss is too large.

If you want to be flexible, you should still deposit in the bank, absolutely capital guaranteed.

Universal insurance, if you have prepared sufficient remaining funds, you can consider insurance; If not, be cautious, otherwise you will end up thinking that "insurance is a lie".

I hope you are satisfied with mine, I am a connoisseur, welcome to ask.

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

Hello, there are these.

1. Investment account management.

Traditional whole life insurance insurance does not disclose the flow of premiums when designing premiums, and consumers cannot know how the premiums they pay are allocated to various expenses, so it can be said that investment account management is not transparent.

Universal insurance is transparent in terms of account management, and all uses of premium allocation are publicly available. Get an investment report on each policy anniversary, check the value of your personal account at any time, and settle your personal account for the previous month at least once a month, and the settlement interest rate is guaranteed to be not lower than the minimum guaranteed interest rate.

2. The cash value of the policy.

The cash value of the universal insurance policy is not calculable, it will change with the change of the value of the investment account, and it is undetermined and unknown.

Whole life insurance is a scientific method in which insurance companies generally use the equilibrium rate to distribute the insurance premiums payable during the entire payment period into the entire payment period, so that the annual insurance premiums have a fixed standard and will not increase with age.

After the policy is in force,"and more"Pay the insurance premium"Save"On the insurance policy, this part"Save"The premium is the cash value of the life insurance policy. It is mainly used to ensure that the insurance company fulfills its future payment obligations, and it is also the payment standard when the insurance contract is surrendered before the termination.

3. Death benefit protection.

Whole life insurance pays death and total disability benefits based on a fixed amount stipulated in the contract.

However, the death benefit amount of universal insurance is non-fixed and is also double, which is the sum of the immediate sum insured and the balance of the personal account on the date of the insured event.