Death protection: can I get death protection after I die? Can I take it when I'm alive?
The death benefit is equivalent to the pension left to your family, at least you won't get it yourself.
Due payment: can we only wait for decades to get due payment? Can I take it in advance?
Maturity can only be collected after maturity, and early withdrawal means surrender and take the cash value of the year.
Cash value: This term seems to appear in every insurance policy. What does this mean?
The cash value of a policy is similar to the face value of paper money, which is generally lower than the initial premium, because after deducting various expenses, it will gradually increase over time, which is the same as the interest of a bank.
Death insurance, maturity and cash value are three forms of premium you pay. They are three different ways to get the same sum of money.
The cash value of a happy life has three main functions. The first one has been mentioned above, that is, the money you can get when you surrender is basically much less than the principal, so it is generally not recommended to surrender unless it is very uneconomical insurance.
The second function is the benchmark of bonus. Dividends are mostly accumulated interest, which will be a lot of money after a long time. I suggest you take it out with the expiration date, so as to maximize the benefits of the policy. Of course, you can also take out the money when you need it, but be careful not to put it back, that is, you can't accumulate interest, so the total income will be slightly reduced.
The third function is the policy loan function, which can lend the company 70% of the annual cash value of the policy as an emergency fund. The term is six months, which can be extended to one year at most, and the borrowed money needs to pay a small amount of interest. The advantage of policy loans is that the procedures are simple, and the effect of short-term financing and emergency use is obviously better than that of banks. Moreover, insurance has the characteristics of tax exemption, non-attachment and indivisibility. No one can take it away or move it, it really belongs to your wealth.
There is also a fixed income for a happy life (once a year) determined according to the number of years and the amount you pay. I believe the salesman has made it clear to you. I don't know if you know about bonuses, but I'll give you an example of a customer here:
Client: 44 years old
Payment method: 5 years
Annual premium: 10000
Total payment: 20,000 yuan
Dividends in 2006: 125.438+0
Dividend in 2007: 8 17.64
Income in 2007 = annuity 500+ bonus 8 17.64= comprehensive income 13 17.64.
In June, 2007, 65438+1October, 65438+February was insured, with a premium of 65438+ten thousand yuan, and the insured amount was10/200 yuan, which was paid in three years.
Annual return of 3%:
10 1200×3%=3036 yuan.
On 08 1 12, the bonus was 4,262.43 yuan.
Annual income =3036+4262.43=7298.43 yuan.