First, not all the money is used to buy annuity insurance or put it in the bank. If you want to make a pension plan or save an education fund for your children, you'd better have a reasonable asset allocation.
2. Ten years, or fifteen years. Payment: At present, the time deposit in the bank is one-off, so how much do you deposit directly? The payment method of annuity insurance is one-time or installment, that is, all the money is paid at one time, once a year or once a month. The specific payment method is determined according to the contract, and the income: if the bank time deposit has agreed interest, it is a fixed-term annuity insurance product with guaranteed capital and interest, which is usually determined according to the contract. There is no promise of income in the insurance contract now, but the marketer may talk about it when he tells you. For you, we buy insurance, so you need to know what you want to buy. It is important for you to see the function he has given you. Instead of simply staring at the rate of return, you will know the difference in this place and you will be able to buy this product again.
3. Withdrawal in advance: Withdrawal of bank time deposits in advance, with capital preservation but interest affected. It's acceptable because it's urgent. . Interest suffers a little loss. Annuity insurance products are different. If you withdraw from insurance products early, it is likely that your principal will be affected now, because after the insurance company absorbs all the money, it will make long-term investments. The CBRC will have requirements for him and will not allow him to invest indiscriminately. So at this time, you take it out in advance, and if you can't get the money back, it will cause him losses. It means that you have no contractual spirit. Plan emergency funds before purchasing.