Bank pension products are actually more like funds. Let's analyze them objectively:

In fact, they are closed-end funds, and the income of many five-year closed-end funds in the market can almost reach this figure, but "fixed income" does not mean "guaranteed income". The benchmark income of 5.8%-8% is expected income. How is this benchmark income calculated?

suppose: bonds earn 5%-6% and stocks earn 9%-16%,

8% * 5%+2% * 9% = 5.8%

8% * 6%+2% * 16% = 8%

Then:

8%*(-5%)+2%*(-3%)=-1%

Therefore, we can regard the wealth management products for the aged as a bond fund with an expected return of 5.8%-8% and a maximum withdrawal of -1% for five years. The risk coefficient is generally low, generally R2 and R3.

In addition, this type of wealth management products for the aged are designed with the function of early redemption, which is more humanized in case of serious illness. Of course, if you buy critical illness insurance and commercial medical insurance, you don't need to use the early redemption function in case of serious illness. At the same time, 1 yuan starts to buy, and the threshold is low.

which is better than our commercial endowment insurance?

Commercial pension insurance is to get it all the time, take it as long as you live, lock in the income in advance, and you can design how much money you will get every month after retirement. In addition to the monthly pension, there is also a commercial pension that arrives on time, and the future can be expected. You can go to romantic Turkey, and then go to Tokyo and Paris to see the bustling and wonderful world ...

Actually, there is nothing better, only something that suits you better. Don't put your eggs in one basket.