1. What is annuity insurance?

Annuity insurance means that the policy holder or the insured pays the insurance premium once or on a regular basis. The insurance company will pay the insurance premium annually, half-yearly, quarterly or monthly until the insured person survives. Death or expiry of insurance contract.

It doesn’t matter if you don’t understand. Let me translate it: You sign a contract with an insurance company. You pay premiums to the insurance company every year (usually a large amount), and the insurance company starts paying premiums in a certain year as agreed. You return the money. 2. Characteristics of annuity insurance

1. Safety;

Compared with bank financial management, stocks, funds, etc., one of the biggest features of annuity is safety. There is no need to worry about the collapse of the insurance company.

2. The income is determined;

We also see in the definition of annuity insurance that after the customer pays the premium, the insurance company will return the survival money to the insured on schedule in accordance with the contract. The total amount returned is certain.

In addition, the contract also stipulates the cash value of annuity insurance and its changes. As long as the cumulative total of survival benefits before a certain policy year + the cash value of the current year's policy, you can get a certain income.

But there are a few things to note:

1. The current interest rate is not equal to the guaranteed interest rate;

Some agents introduce products to customers. , will use the current settlement interest rate to demonstrate the income, which is an obvious sales misleading, and the final income will also depend on the guaranteed interest rate.

2. The premiums are relatively high;

Most of the annuity insurance premiums currently on the market start at 10,000 yuan, ranging from 10,000 yuan to over a million. Some working-class families may feel pressured. Of course, if the customer is very satisfied with annuity insurance, it is also a good way to buy insurance over time.

3. You may suffer losses if you surrender the policy midway;

It can be seen from the cases that the total income of annuity insurance increases slowly, slowly in the early stage and quickly in the later stage. Therefore, it is important to insure It is recommended to hold annuity insurance for a long time. 3. How to buy annuity insurance

Whether or not to buy annuity insurance depends more on your own needs and the actual situation of your family. You cannot just buy annuity insurance in a daze just because your relatives and friends sell annuities to you.

Do you know the function of annuity insurance, understand the advantages and disadvantages of annuity insurance, and whether there is a suitable product? These are the key factors that affect the choice of annuity.

The senior sister spent several months comparing this year’s best-selling annuity insurance and compiled an annuity insurance insurance guide. Friends who want to buy annuity insurance are advised to take some time to read it carefully. Learn this trick to avoid falling into pitfalls and stay away from 99% of the pitfalls of annuity insurance