1. What is reduced term life insurance? The so-called reduced term life insurance means that within the protection period, every policy year, the insured amount of the policy will be reduced. Until the protection expires, the policy will only

A type of term life insurance with basic coverage.

The "decrease" refers to the policy's insured amount decreasing year by year.

What are some good life insurance recommendations? I just compiled the relevant content. I hope it will be helpful to you: An inventory of the top ten insurance companies’ best-selling life insurance in 2020!

2. People suitable for reduced term life insurance 1. The maximum insured amount of this product can reach 1.5 million, and the insurance age is between 18 and 45 years old. It is very suitable for young people whose careers are on the rise.

This group of young people have just started working and their careers are still slowly rising. Therefore, they do not have much funds on hand and their premium budget is not sufficient. They are very suitable for purchasing reduced term life insurance.

2. In addition, this product is also suitable for families with financial pressure to purchase.

For this type of family, car loans, housing loans, and children’s education funds will all cause greater financial pressure on the family. If there is a problem with the family’s financial support, the financial pressure on the family will be very great, so reduced term insurance can be said to

It is an insurance product that is very suitable for this type of family.

And in the later stage, the demand for insurance gradually becomes smaller, and the premiums will also become smaller, which greatly reduces the financial pressure on a family.

What are the good critical illness insurances for children?

Which ones are cost-effective?

Which one is the most worth buying?

Let’s take a look at the top 10 best-selling children’s critical illness insurance policies from the top 10 insurance companies. 3. The significance of reduced term life insurance 1. First, it can prevent the premature death of the family’s breadwinner from having a negative impact on the family if there is no financial preparation.

financial impact.

2. In fact, it is difficult for most people to determine the amount of insurance when buying insurance. In the later stages of the insurance, people’s demand for insurance gradually becomes smaller. However, for most insurances, the premiums are the same no matter what period.

This may cause a certain degree of waste in the future, and reduced term life insurance solves this problem.

3. Some families have a relatively high demand for insurance coverage, so they often choose to configure two or more life insurance policies to enhance protection by superimposing insurance coverage.

4. Disadvantages of reduced term life insurance Term life insurance is cheap and of great significance to everyone, so of course the higher the insured amount, the better.

Simply purchasing reduced term life insurance cannot provide comprehensive protection, so traditional term life insurance cannot be replaced.