Cash receipt and payment means that all the current incentive income is used to pay the current pension expenses, leaving little or no reserve fund. From the perspective of funds, cash endowment insurance is an insurance model that relies on future generations to provide for the aged.

Fund types are divided into complete fund type and partial fund type. Complete fund type refers to the establishment of pension reserve fund for the insured whose current incentive income is used for current incentive expenses. The purpose of establishing a reserve fund is to meet the financial needs of paying old-age insurance money to all the insured in the future. Part of the fund type is the current incentive fee, part is used to meet the current pension expenses, and part is used for the insured to establish the endowment insurance reserve fund.