The future education annuity insurance is a dividend-paying children's education annuity insurance specially designed for children by China Merchants Cigna. In addition to providing education security, it also has 30 kinds of disease protection, premium exemption and due return functions, and the insured can also borrow money through the policy. So it is favored by many parents. Regarding the role of policy loans, some parents said that they would like to know about the provisions and treatment methods of unpaid funds in the future. To this end, I will explain it to you through this article. What kind of critical illness insurance are there for children? Which are cost-effective? Which is the most worth buying? Let's take a look at 10 the inventory of children's critical illness insurance sold by major insurance companies.

Withdrawal and treatment of outstanding funds in future education annuity insurance

According to the insurance clause of the future education annuity, if the accumulated cash value of the insurance contract is recognized by the insurance company within the validity period of the insurance contract, the insured can apply for a loan from the insurance company, but the longest time for each loan is 6 months, and the minimum amount is 65,438 yuan+0,000 yuan. The accumulated loan principal and interest shall not exceed 80% of the cash value of the insurance contract at the time of applying for the loan, and the final loan amount shall be subject to the amount approved by the insurance company. The loan principal and interest shall be paid before the loan maturity date (including the date). If the loan is overdue, the loan interest will be incorporated into the loan amount, which will be regarded as re-borrowing. Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China

However, if there are outstanding funds, such as policy loans, unpaid insurance premiums, interest on policy loans and unpaid insurance premiums, the insurance company will treat overdue funds as follows:

1. When the cash value of the insurance contract is insufficient to repay the loan and its interest, the effectiveness of the contract will be suspended immediately. China Merchants Cigna Insurance Co., Ltd. is not responsible for insurance compensation for insurance accidents that occur during the suspension of the validity of insurance contracts. ?

2. If there are outstanding loans (principal and interest) under the insurance contract, China Merchants Cigna Insurance Company can directly use all or part of the above funds to offset the outstanding loans (principal and interest) when paying various insurance premiums, policy dividends, returning cash value or returning insurance premiums.

Therefore, in order not to affect children's education savings, when parents apply for loans through insurance policies to protect their children's education in the future, they must repay them according to the specified date. The repayment methods can be selected from four types: full repayment, partial repayment, interest repayment only and temporary non-repayment. Need to be reminded that partial repayment will give priority to repayment of loan interest.