Not everyone needs to buy annuity insurance, it mainly depends on their actual situation.

If you want to obtain relatively stable income, you might as well choose annuity insurance financial management, which can be said to be a good choice.

However, the protection liability of annuity insurance is very simple. For people with relatively large needs for personal protection, it cannot truly reveal the insurance leverage in the true sense.

Therefore, when buying insurance, you should give priority to critical illness insurance, medical insurance, accident insurance, life insurance and other protection-type insurances, which can protect your personal health and transfer economic risks.

The functions of these four types of protection insurance are detailed in this article. You might as well take a closer look:

"Critical Illness Insurance, Medical Insurance, Accident Insurance" What is the difference between insurance and life insurance? Will there be any conflicts during claims settlement? 》

In addition, it does not mean that you can buy annuity insurance just because you need financial management. When buying annuity insurance, you need to pay attention to some details. If you do not understand these precautions in advance, you may be deceived. , then I will take you to analyze it.

1. Who is suitable to buy annuity insurance?

The following groups of people can consider purchasing annuity insurance:

1. People with pension needs

Many current annuity insurance products stipulate that regular After receiving and insuring, the money received after a certain period of time can also make up for the shortfall of social pensions.

So young people should prepare annuity insurance and pay premiums on time, which is almost the capital invested by everyone, trying to force savings and earn cash value income to protect their quality of life in their later years. .

2. Parents who make long-term plans for their children

Since annuity insurance has the nature of mandatory savings and earmarked funds, it is also good to buy it as your children’s future education fund. Parents It is more cost-effective for us to allocate according to our children's education plan, reducing the burden of future education expenses.

3. High-net-worth individuals who need to avoid risks

For example, those with high incomes who have enough funds for investment and "do not put their eggs in one basket" Very necessary.

So for them, it can be seen from the household asset allocation that not only can they make a variety of high-risk investments, such as stocks, funds, futures, etc., but they can also allocate annuity insurance and the like. Low risk to ensure stable income and reduce risks.

4. Inheriting large amounts of assets

So, in terms of wealth inheritance, purchasing some long-term annuity insurance is equivalent to locking in a long-term income. . This income can be withdrawn at any time. If you do not want to receive the money for the time being, after your death, you can also pass it on to your descendants as a wealth inheritance.

Originally, in addition to annuity insurance, there is also a kind of financial management insurance called incremental whole life insurance, which is also in line with the insurance requirements of this group of people. Some incremental whole life insurance has better financial management effects than annuities. risk.

Friends who want to know more about incremental whole life insurance can learn about incremental whole life insurance through this article:

"What is the significance of incremental whole life insurance that can not only manage finances but also provide protection?" Is it worth buying? 》

2. What should you pay attention to when purchasing annuity insurance?

Because most annuity insurance products on the market are really complicated in terms of financial management and design, so when purchasing products, we must pay attention to the following points in advance. Points:

1. Distinguish the types of annuity insurance

There are many forms of annuity insurance. From the perspective of income, there are some differences, and it is also to avoid If you regret buying an inappropriate product, my senior classmate has divided the annuity insurance on the market into four categories to make it easier for everyone to distinguish:

As you can see directly in the picture, different annuity insurances play different roles. It has the same effect, so everyone needs to choose a product that suits them for insurance based on the actual situation.

2. Collection method

When preparing to purchase long-term annuity insurance, the policy holder must know the annuity time, collection period, collection method and collection amount of the insurance product. Therefore, these are all relevant. It depends on our interests and how much money we can get in the end, so we want to have a deeper understanding before purchasing insurance. These insurance terms will be explained in detail. If you encounter anything you don’t understand, you should consult a professional in time before purchasing insurance.

Furthermore, it is best for everyone to choose an annuity insurance that has rights such as policy loans, reduced payment, and additional or reduced insurance. These rights can help us solve financial problems that suddenly occur within the guarantee period in a timely manner. !

3. Don’t blindly believe in propaganda

Many insurance salesmen will blindly promote the income of annuity insurance in order to promote their products. For example, they advertise that the rate of return of annuity insurance is as high as 5%. My friends, please don’t be gullible about the above, don’t be gullible.

Because the current predetermined interest rate of annuity insurance products in my country is generally around 3%, and can reach a maximum of 4.025%, and those claiming to be as high as 5% or more are actually calculated with the addition of a universal account. The two are not of the same order of magnitude. What’s more, although having a universal account increases the rate of return, the actual annual interest rate will change. Just because the income last year was particularly good does not mean that this year’s income will also be better.

In short, annuity insurance is not suitable for everyone, and we must be careful about the precautions mentioned above about annuity insurance. We need to consider all aspects clearly so as not to be fooled and not to be deceived later. As for some unnecessary troubles.

At the end of the article, the following guide has the annuity insurance related matters specially compiled by the senior sister. You may wish to save it directly for later review:

"Learn this trick and stay away. 99% of the Pitfalls of Annuity Insurance"

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