Annuity insurance is financial management insurance, and annuity insurance can be subdivided into pension annuity insurance, education annuity insurance, participating annuity insurance, etc.

Since annuity insurance is a financial management insurance, what are its advantages and disadvantages? Which type of people is suitable for annuity insurance?

Before answering these two questions, it is recommended that you first understand this unique insurance knowledge so that you can understand the content more easily:

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1. Highlights and shortcomings of annuity insurance

Annuity insurance means that the policy holder pays the premium in one lump sum or on schedule, and the insurance company pays the premium in one go. As long as the insured person survives, the insured will receive insurance benefits yearly, half-yearly, quarterly or monthly, and can continue to receive the insurance benefits until the death of the insured or the expiration of the insurance contract.

To put it simply, annuity insurance allows everyone to deposit money to the insurance company. When the agreed time comes, the insurance company will return the money to us as agreed and will also pay us dividends. If the insured unfortunately dies, the money can still be collected by the beneficiary.

It seems pretty good, but what are the advantages and disadvantages of annuity insurance? Then, the senior sister will explain it to everyone.

Highlight 1. Compulsory savings

In today’s society, many friends are fond of advanced consumption. As long as their salary is credited to the card every month, they will I also paid off my credit card with Huabei. Not only did I not save any money due to my hard work, but I still owed a lot.

The payment method for annuity insurance is to pay the premium in one lump sum or on schedule. Once the agreed period is up, the insurance company will return the money to us according to the contract, so that the mandatory savings can be completed well. Purpose.

Highlight 2. Income Determination

After the policy holder pays the premium, the insured can receive the survival benefit returned by the insurance company on time as stipulated in the contract. The total amount returned is It's been decided.

In addition, the cash value of the annuity insurance and its changes will also be written in the contract. As long as the survival benefit accumulated before a certain policy year is divided into the current policy cash value, the result will correspond to a certain income.

Highlight 3. High security

The insurance we have purchased is within the scope of legal protection. According to Articles 89 and 92 of the Insurance Law: If an insurance company is canceled or declared bankrupt in accordance with the law, the life insurance contracts and liability reserves held by it must be transferred to other insurance companies. If a transfer agreement cannot be reached, the insurance regulatory agency of the State Council shall designate the transferee.

It can be seen that even if the insurance company goes bankrupt, our policies will be taken over by other insurance companies, and the rights and interests of the policies will still be the same as before.

Disadvantages 1. Weak protection function

Annuity insurance is financial management insurance. When risks such as disease and accident come, financial management insurance cannot allow the insured to enjoy the claim settlement. .

Disadvantage 2. Poor liquidity

The function of forced savings is both an advantage and a disadvantage. Generally speaking, once the money is invested in annuity insurance, you cannot take it out just as you want. Therefore, the liquidity of funds is not good.

The above is the advantages and disadvantages of annuity insurance summarized by the senior sister. If you want to get more information about annuity insurance, you can read this article:

"Is Annuity Insurance Good?" good? Are there any pitfalls? What are some good products? 》

2. Who is suitable for buying annuity insurance?

1. People with complete protection insurance configuration

Annuity insurance is financial management insurance, and everyone must Before purchasing financial insurance, you still have to check whether your protection insurance is fully equipped, such as critical illness insurance, million-dollar medical insurance and other major illness protection.

2. People who want to save education funds for their children

In fact, there are many annuity insurance products on the market targeted at minors. Children’s annuity insurance provides protection throughout the age of the child. In the major education stage, the money received at each stage is enough to support the basic expenses of education. No matter how the family's financial situation changes in the future, the children's schooling expenses will still be covered.

Overall, if you have a lot of budget after configuring yourself a protection insurance, annuity insurance is still worth buying. In addition, everyone must remember that before buying insurance, you must be familiar with all the contents of the product. Do not follow the trend and buy insurance. The most powerful insurance product is the one that suits you.

After reading this article, if you don’t know which annuity insurance is more suitable for you, it is recommended that you take a look at the 10 annuity insurances carefully selected by the senior students that are worthy of insurance:

"Top Ten Annuity Insurance Ranking▏Want to buy high-yield annuity insurance? Don’t miss these 10 styles! 》

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