1 is a traditional education annuity insurance. For example, 18 years old (generally college age) is collected once a year for four consecutive years. There are also people who receive insurance benefits at the age of 25, so the amount of insurance is fixed and the protection is clear.
2. It is a popular universal insurance or investment-linked insurance in the market at present, which is generally a combination of whole life insurance and investment account. The payment period of life insurance is generally lifelong (it seems to be equivalent to one year's payment, which means that there is no loss when the insurance is terminated at any time), but the proportion of life insurance is very small, and most of it is used for investment accounts (note that the older you are, the higher the cost of life insurance. In this way, the proportion of people entering the investment account will decrease accordingly, so we generally don't recommend older people to buy universal insurance. However, the holders of investment accounts are free to control and get extra funds, so they are very flexible in use and methods. Many parents have insured themselves with such a universal insurance, which can be collected in whole or in part at one time when their children are at a certain stage (such as college and marriage), and they can continue to invest as a preparation for old-age care, which is very flexible. Note that universal insurance has certain investment risks. The so-called guaranteed low income only refers to the investment account, and the premium paid will enter the investment account after deducting the initial cost (the investment account will also deduct the guarantee fee and management fee of life insurance on a regular basis). ), especially after deducting the franchise fees in the first five years, such as basic premiums, the franchise fees in the first year are as high as 50%, and in the sixth year, year year is reduced to 5%, which is the beginning of effective investment. Therefore, it usually takes at least ten years of continuous investment to show the effect, or a lot of effort, far exceeding the basic effort (because the initial cost above the basic effort is very small, the actual proportion of investment accounts is very large). In short, the longer the payment time, the larger the payment amount and the more valuable it is.
I can only help you figure it out here. Naturally, many agents recommend specific types of insurance to you. I believe that knowing what you want to buy is the key to buying good insurance.