The following sister will give you an in-depth evaluation! This article can help you get familiar with whole life insurance's increase in advance. Friends who don't know, come and see:
"Who can manage money in whole life insurance, and who can preserve capital and increase value?" ? Is it worth starting with? 》
1. How is the annual lifelong care insurance implemented?
The purpose is to let everyone understand the product content more intuitively, and the senior sister specially drew a protection map.
If nothing else, let's take a look at the product protection map:
After getting familiar with the protection map, many friends may think this is too complicated! Why is the content so complicated?
In fact, it is neither complicated nor simple.
Next, the senior sister will sort out several key aspects for everyone ~
1, illness and death insurance.
There are three kinds of compensation for the liability point of illness death insurance that enjoys annual lifelong care insurance.
If the insured dies of illness before the first policy anniversary of 18, the insurance company will pay the paid premium or cash value (whichever is the greater).
The insured has reached the age of 18, and may die of illness after the first policy anniversary of 18, and die during the payment period. In this case, the insurance company chooses the premium paid × payment ratio, or the larger cash value to compensate the insured.
If it is the same situation, the premium has been paid at the time of death, that is, after the expiration of the payment period.
Then the principles that insurance companies follow when paying compensation are: effective insurance amount, paid premium × payment ratio and cash value (whichever is greater).
By age group, the payment ratio is 18-40 years old 160%, 4 1-60 years old 140%, and 6 1 years old and above 120%.
This payment ratio is still very good, and it is the highest when it is in a more important position in the family.
2. The increasing proportion is common.
The coverage of annual life-long care insurance can be continuously increased, but the increase ratio is not very attractive.
The increasing proportion of 3.5% of Le Nian's life-long care insurance is not dominant among similar products in the market.
Many people may not know how this effective insurance amount is increasing.
If the basic guarantee for the first year is 10000, then the effective guarantee for the first year is 10000 yuan.
However, from the second year, the effective guarantee is no longer 1 ten thousand yuan, but 1 ten thousand × (1+3.5%) = 10350.
In the third year, it is also done in this way, and it is calculated by substituting 10350, that is,10350× (1+3.5%) =10712.25.
The following fourth, fifth and sixth years are calculated with reference to this method.
Therefore, if the product coverage is similar, the incremental ratio is better! As time goes on, the effective amount of insurance will naturally be higher.
Enjoy annual life-long care insurance. There is a lot of content, not to mention the senior.
If you are interested in this product, you can click here to learn:
What should I pay attention to before buying annual lifelong care insurance? 》
Second, is it worthwhile to enjoy the annual lifelong care insurance?
The overall performance of the annual life-long care insurance is not outstanding, and the overall performance is not excellent.
These aspects, such as the increasing proportion of insurance coverage, are relatively general.
In addition, what the senior sister wants to say is that the focus of many small partners to buy such insurance is not "nursing".
Because this kind of insurance has its own financial management function, people who insure this kind of insurance will pay more attention to "financial management".
There are many products with financial management function. As Sister Xue said at the beginning, the increase in whole life insurance is actually similar to the annual life-long care insurance, and the insured amount will also increase, both of which are more inclined to the financial management function.
So overall, this product is cost-effective, not particularly worth buying.
For friends who are looking for more comprehensive and practical insurance, Senior Sister still suggests comparing other products. Senior sister sorted out a lot of value for money, to ensure a solid whole life insurance. You can choose the best one here:
"Just out of the oven! Five High-yield and Profit Increasing whole life insurance, don't miss it! 》
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
If the above content has not solved your problem, you can also come to the official account of WeChat to learn to bully and say that insurance consulting me;
I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
WeChat official account: Xueba said that insurance costs less, buy the right insurance!