What to do after the payment of China Life Corning Whole Life Insurance is due

OK. But it is not in favor of you to take it out, because that is to surrender the policy, and any long-term life insurance in the world will suffer more or less losses, especially in the first few years of long-term life insurance, the loss is greater.

As a rule, even though you've paid the premium, it's a whole life policy, and time has just passed.

Ten. It's only one or two years, and if you have to withdraw the insurance money, it is estimated that you will only get the premium you paid.

Six, seventy percent. Therefore, you are not supported to do so.

In fact, if you are really in a hurry to need money, you can use the policy to borrow, that is, take the original contract and your ID card to the insurance company counter to go through the borrowing procedures, you can borrow for six months at a time, you can lend up to 80% of the cash value of your policy, pay it off within six months, and then you can continue to borrow again.

We are the staff of China Life, the above is the correct solution, please choose as. Thank you!

Corning's lifetime expiration means that the customer reaches the age of 100! The landlord misunderstood, 10 years is only the expiration of the payment period, and this product is only paid for death or critical illness! Withdrawing the principal is not supported!

If you take it now, you can only return the cash value, and the loss is quite large.

It's better to keep it, after all, it can be guaranteed for a lifetime! Don't worry too much when you have to spend a lot of money on medical expenses.

Xueba talks about insurance, focusing on insurance product evaluation! The limited-time perks are coming:Corning is free to receive a comparison table with the nation's most popular critical illness insurance

Every product of Chinese Life is really a fire. But not every insurance plan is right for everyone, and Corning is no different. Many people ask the senior sister if Corning is worth it.

In response to your needs, last night, I studied Corning's terms inside and out, and wrote a review and posted it in Know:Is Corning Critical Illness Insurance for Chinese Life worth buying? What are the pros and cons?

You can take a look.

The advantages and disadvantages of the ace product of Chinese Life are clearly written. Because the manuscript is very detailed, I won't waste too much time here, just pick two points and say a few words:

1. What exactly does Corning protect?

2. What are the benefits of Corning's critical illness insurance?

1. Adequate protection: Returning to the most basic protection design, minor illness and critical illness are each compensated once, not only the types of minor illnesses have reached 50, but also 7 specific critical illnesses have been added, which can pay an additional 50% of the sum insured, and the protection is basically sufficient;

2. There are many service outlets. Chinese Life has been established for many years, has a strong offline service team, and even some very remote towns can find Chinese Life service outlets;

3. The insurance age is extensive, up to 60 years old;

Third, these points are missing, must be paid attention to before buying Corning?

To be honest, Corning still has a lot of unsatisfactory points to pay attention to, for example, in terms of minor illness compensation, it is really not good, compared to the current 30% of excellent critical illness insurance on the market, Corning only pays 20%, which is slightly lower. In addition, although there are a lot of diseases covered, there are still some shortcomings, including other more serious shortcomingsBig brother Chinese Shou shot again, Corning got it, and the guarantee was all there? You only know when you see it!

In this article, you can take a closer look.

In addition to Corning, I also compared the hot-selling critical illness insurance products of large companies on the market this year, because there is too much content, I am afraid you will not understand, this is the condensed version of the content, you can check out this articleHeavy! There are 10 critical illness insurance policies on the market that are worth buying

I believe that after reading it, you can easily choose the right critical illness insurance for yourself.

That's all for me"What to do after the payment of China Life Corning Whole Life Insurance is due"All of them, I hope it helps you! Hope!

Summary. Chinese Life Corning Whole Life Insurance will not return after 20 years. Chinese Life Corning Whole Life Insurance is divided into Corning Whole Life Insurance and Corning Whole Life Critical Illness Insurance, Corning Whole Life Insurance only provides death benefits, while Corning Whole Life Critical Illness Insurance provides illness protection, death benefits, etc., both of which do not have the insurance liability to return the amount at the end of the payment period.

After 20 years of Corning whole life insurance, there is no need to continue to pay premiums, it is recommended to continue to hold it, enjoy lifelong protection, and wait until the insured accident occurs, and apply to the insurance company for a claim. At the expiration of the insurance payment period, the policyholder completes the payment obligation, which is generally not used as a condition for the insurance company to pay the insurance money, and the insurance company will only make a claim if an insured accident occurs. Corresponding to the whole life insurance is term insurance, term insurance has an insurance period limit, after the insurance period of the insured will lose protection, but the premium is relatively cheap, so the choice of life insurance or term insurance, consumers can choose according to their actual needs.

Hello dear! Not returned.

Chinese Life Corning Whole Life Insurance will not return after 20 years. Chinese Life Corning Whole Life Insurance is divided into Corning Whole Life Insurance and Corning Whole Life Critical Illness Insurance, Corning Whole Life Insurance only provides death benefits, while Corning Whole Life Critical Illness Insurance provides illness protection, death benefits, etc., both of which do not have the insurance liability to return the amount at the end of the payment period. After 20 years of Corning whole life insurance, there is no need to continue to pay premiums, it is recommended to continue to hold it, enjoy lifelong protection, and wait until the insured accident occurs, and apply to the insurance company for a claim.

At the expiration of the insurance payment period, the policyholder completes the payment obligation, which is generally not used as a condition for the insurance company to pay the insurance money, and the insurance company will only make a claim if an insured accident occurs. Corresponding to the whole life insurance is term insurance, term insurance has an insurance period limit, after the insurance period of the insured will lose protection, but the premium is relatively cheap, so the choice of life insurance or term insurance, consumers can choose according to their actual needs.

If Corning Insurance chooses a 20-year delivery period and has paid all the premiums, there are several ways to operate:

1. Regardless of the full payment Since it has been paid, the insured will enjoy the protection stipulated in the terms of the contract for life. In the event of an illness specified in the contract and the conditions for compensation are met, the insurance company will also pay compensation according to the specified amount.

2. Surrender and exchange The Corning series can be handed over for 20 years, which must be the earliest version, and the earliest version of Corning covers fewer diseases, and the insured amount is usually not high, which is difficult to meet the needs of the current medical level. And after the payment is full, the gap between the premium paid and the sum insured is not large, and the leverage effect of insurance is not obvious. Therefore, it is a good choice to choose to surrender the policy and then find a cost-effective product to replace it, and the surrender loss is relatively small at this time.

Either way, consumers can choose according to their actual situation.

Extended information: 1. Corning is the first generation of products launched by China Life in 1999, and to Corning Lifetime 2019, which is currently on sale, the product has expanded from 10 critical illness benefits to 120 critical illnesses, making the mild and critical illness protection more comprehensive and detailed. Regardless of the form of the product, Corning is always a critical illness protection product.

Because after the whole life insurance contract is concluded, the insurer should pay the insurance benefit whenever the insured dies. As long as the insured pays the premium on time, the insurer has no right to refuse to renew the policy.

That is to say, after ten years of payment, it can be insured for life, as long as the insured dies, he can get the corresponding insurance compensation, and he cannot get back the principal when he is alive. Therefore, China Argue Life Corning Whole Life Insurance cannot get back the principal after the 20-year payment is due.

The disadvantage of whole life insurance is that the insured can receive insurance money without a limb during his or her lifetime, and can only surrender the policy to receive cash value, which cannot solve the pension problem.

2. Certificates and materials required for insurance application.

When applying for critical illness insurance benefits, the required certificates and documents are:

1. Insurance policy;

2. Applicant's legal identity certificate;

3. Diagnosis certificate (including relevant diagnosis basis), medical records, hospitalization and discharge certificates issued by specialists;

4. Other certificates and materials required by the company that the applicant can provide related to the nature and cause of the insured accident.

3. When applying for death insurance benefits, the required certificates and materials are:

1. Insurance policy;

2. Applicant's legal identity certificate;

3. Death certificate of the insured issued by the public security department or a hospital above the second level (including the second level);

4. Certificate of cancellation of household registration of the insured;

5. Other certificates and materials required by the company to be provided by the applicant to confirm the nature and cause of the insured event.

Chinese Life Corning Whole Life Insurance will not return the premium after 20 years of payment.

Chinese Life Corning Whole Life Insurance is a lifelong insurance, the insurance payment time has 10 years or 20 years two options, the insurance liability is if the insured has a critical illness will have the corresponding critical illness compensation, if the death will have a value payment. If the insured does not have an accident, the insurance company will not return the insurance money, and the protection will continue.

Corning Whole Life Insurance is a lifelong critical illness insurance, underwritten by Chinese Life, there are multiple versions, the coverage provides 100 kinds of critical illness diagnosis 1 time, 50 specific diseases diagnosed 20% of the insured amount, only 1 time, in addition to 7 male diseases, 7 female diseases, 7 children's diseases diagnosed, after paying the critical illness benefit, an additional 50% of the sum insured. In addition to sickness benefit, there is also death benefit. The protection liability is twice the sum insured for the diagnosis of 10 critical illnesses, the premium can be waived for the insured person diagnosed with 10 critical illnesses, and the death benefit is three times the sum assured, but the critical illness benefit needs to be deducted.

Do you mean that your insurance has been fully paid?

Corning. Life does not refund the premiums paid after 20 years and can only receive the cash value of the policy by surrendering the policy.

But it also means that the policyholder needs to bear a certain amount of financial loss, Corning Life Insurance is not a return insurance product, so it does not provide return liability, it can guarantee life, and the payment method can be a one-time payment, or it can be 10 or 20 years. During the warranty period, the insured suffers from an illness specified in the insurance contract, and Corning Life Insurance also provides death protection.

Whether Corning Life Insurance will be refunded after 20 years can be discussed in two scenarios:

1.If Corning Life Insurance is for a period of 20 years, there will be no refund after 20 years. If you become seriously ill, you will pay 2 times the basic sum insured * critical illness benefit, there will be a death benefit in death, and the principal will not be refunded in death. and pension insurance.

No, it doesn't return on a regular basis when it expires;

2.If the initial purchase period of Corning Life exceeds 20 years, and the period agreed in the insurance contract is not reached after 20 years, it is equivalent to surrendering the policy. On the one hand, they cannot fully enjoy the protection content of Corning Life, and on the other hand, they also need to bear the liability for breach of contract stipulated in the insurance contract.

Loss of part of the insurance interest. The amount that can be withdrawn is the cash value of the policy corresponding to the payment period. The cash value of the policy is the insurance company's net of insurance costs, management fees, and operating expenses.

after the account balance. As a result, Corning Life Insurance will not be refundable after 20 years, and it is not cost-effective to apply for surrender at that time.

Extended information: Chinese Life Corning Whole Life Critical Illness Insurance is a critical illness insurance provided by Chinese Life Insurance Co., Ltd. ****.

Features:1Critical illness.

Insurance benefits. If you have a contracted critical illness, you will receive critical illness insurance benefits to cover high medical bills.

2.In the event of an unfortunate event, the death insurance** will receive a sum of money to maintain the family's normal standard of living.

3.Lifetime secure payments are limited and guaranteed indefinitely. Once you have it, you will take care of it for the rest of your life.

4.If the policy loan requires working capital.

Loans can be obtained according to the provisions of the policy.

Summary. Hello friends, Corning Whole Life Insurance 2012 Edition is a lifelong critical illness insurance, there is no premium return function, if you need to surrender or two ways, one is to surrender the policy, regardless of whether you pay the 20-year premium, it is considered to be a midway surrender, surrender only the cash value, not the premium paid, there may be a certain loss. The other is the diagnosis of critical illness or death benefit, which can be paid to the relevant beneficiary according to the sum insured.

The coverage of this product is 40 types of critical illness diagnosis and 20% of the coverage amount of 10 specific diseases, and the protection is still effective, with death or high disability benefit.

How to return the money after the 2012 version of China Life Corning Lifelong Critical Illness 2012 is completed.

Hello friends, Corning Whole Life Insurance 2012 Edition is a lifelong critical illness insurance, there is no premium return function, if you need to surrender or two ways, one is to surrender the policy, regardless of whether you pay the 20-year premium, it is considered to be a midway surrender, surrender only the cash value, not the premium paid, there may be a certain loss. The other is the diagnosis of critical illness or death benefit, which can be paid to the relevant beneficiary according to the sum insured. The coverage of this product is 40 types of critical illness diagnosis and 20% of the coverage amount of 10 specific diseases, and the protection is still effective, with death or high disability benefit.

At present, the surrender of this insurance product, there are two schemes of online surrender and offline surrender, if you want to surrender online, you first need to log in to the official website of Chinese Life, and then bind your personal ID card, and at the same time you can find your own policy in the personal center, enter the details page of the policy, and click on the surrender. The final operation can be operated according to the prompts on the page. If it is an offline surrender, it will be relatively a little more troublesome, you must first call customer service** to ask what are the nearby outlets that can handle the surrender, and then prepare the corresponding information, and then take the information to the nearby outlets for surrender.