This is also the reason why education annuity insurance is so popular with parents, but this kind of insurance really has many pits!
Today, Senior Sister takes the Pacific Dongfanghong Youth Wisdom Annuity Insurance as an example. Let's study it together!
Let's take a look at the specific "pits" hidden in this product!
Before the formal analysis, let's take a look at what the protection content of Pacific Dongfanghong Youth Wisdom Annuity Insurance B is:
"Dongfanghong juvenile wisdom B annuity insurance is this income? 》
1. What "pits" are hidden in the Pacific Dongfanghong Youth Wisdom Annuity Insurance?
Let's take a look at the protection map of this product specially compiled by Senior Sister:
1, single payment cycle
The payment period of Dongfanghong Youth Wisdom Annuity Insurance is only annual payment, and there is no wholesale payment.
Paying all premiums in one lump sum is a wholesale payment.
If you choose between wholesale and annual payment, it is more suitable for people with high income but unstable income.
Mainly because the total premium to be paid will be more economical than that paid every year, just like the one-time payment and mortgage loan in our house purchase.
If the payment period is set to batch payment and annual payment, then the insured can choose according to his own situation, which is very good for the insured.
Dongfanghong junior intellectual annuity insurance is not very competitive in this respect.
2. Cannot attach universal account.
What is a universal account?
If you don't want to get an annuity, you can put it directly into this account for compound interest and appreciation.
Moreover, the guaranteed interest rate of universal account is basically around 2.5%, and even better, it can be as high as 3%.
It is really beneficial to the insured, which is equivalent to another way of benefiting!
Unfortunately, the coverage of Dongfanghong Youth Wisdom Annuity Insurance does not include universal account. In this case, the only way for the insured to make a profit is to receive an annual annuity, which is very scarce.
3. Uncertainty of dividend
Compared with other products, the biggest feature of Pacific Dongfanghong Youth Wisdom Annuity Insurance is the policy bonus, which is why most parents will want to know.
But dividends are linked to the actual operating conditions of insurance companies. If the insurance company's operating conditions were not very good, it is very likely that it would not pay dividends at all.
Furthermore, when consumers ask about the actual operating profit of insurance companies, insurance companies have the right to refuse.
Senior also found the terms of the Dongfanghong children's intellectual annuity insurance, which clearly stated:
In other words, the dividend is uncertain, maybe there is, maybe there is not.
In addition, assuming there is a dividend, consumers will not know the details until they receive a reminder again.
Generally speaking, it is only daydreaming that gets high profits from dividends. Get rid of this idea quickly ~
Friends who are curious about dividend insurance can read this article, and friends who want to know can browse it:
"Why are there so many complaints about dividend insurance? 》
2. What is the income of Pacific Dongfanghong Youth Wisdom Annuity Insurance?
The 30-year-old Lao Wang chose the Pacific Dongfanghong Youth Wisdom Annuity Insurance to insure his 0-year-old son. He chose to pay an annual premium of 654.38 million yuan, which will be paid in five years, and agreed to receive a birthday bonus at the age of 60, so as to understand its benefits:
Bonus: During Beckham's death at the age of 0, he can receive a bonus of 53 10.9 yuan every year, which is 9% of the basic insurance amount. Children's education savings: Only Beckham, aged between zero and eighteen, can get 9% of the basic insurance amount every year, that is, children's education savings, that is, 53 10.9 yuan birthday money. Beckham can get a one-time premium of 500,000 yuan for his 60th birthday. Just look at these. They are really beautiful. There are several ways to collect annuities, and you can start to collect them when the contract comes into effect. However, there are various problems in reality:
When Beckham 18 years old, Yi got an annuity of 202,000 yuan, less than half of the premium paid.
Children's adult education needs to pay education fees and other expenses, but also bear the corresponding economic burden.
It's really not so good to be insured with Dongfanghong Youth Wisdom Annuity Insurance. I haven't seen the benefits at this stage!
And the annuity of 297,000+10.10000 = 398,000 was received by Beckham at the age of 55, and he hasn't got his capital back yet!
All the money has been put in, and it has not been paid back until the child retires. This is really too slow!
At present, the cash value of good annuity insurance on the market has increased after at least 10 years.
It can be seen that Dongfanghong Youth Wisdom Annuity Insurance is not cost-effective.
So before you want to buy an annuity insurance for your child, I suggest you think twice!
Third, the summary of the senior sister
In short, Dongfanghong Youth Wisdom Annuity Insurance not only has many disadvantages, but also has disappointing income!
Therefore, partners who want to take action to buy this annuity insurance must be strict!
There are still many good annuity insurance in many markets. Senior sister summed up these products. If you want to buy this product, you can have a look:
Have a soft spot for high-yield annuity insurance? This 10 model is not to be missed! 》
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
If the above content has not solved your problem, you can also come to the official account of WeChat to learn to bully and say that insurance consulting me;
I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
WeChat official account: Xueba said that insurance costs less, buy the right insurance!