Why do insurance companies say that they are not fully covered when they sell insurance?

Because insurance companies want to make profits, and those who sell insurance live on commission, it is basically unscrupulous to sell insurance. At the same time, the commission of insurance is different. The larger the amount, the higher the insurance commission. So the situation becomes a hype when you buy insurance, deliberately misleading or even deceiving you, making you feel that this insurance is worth it. Insurance companies have also formulated various deceptive terms to cooperate with insurance sellers. When you faint and sign the contract, you will find that you have suffered a big loss. My mother is like this, losing tens of thousands of dollars, which makes me very angry.

Take my mother for example. The insurance salesman tricked my mother into buying dividend-paying endowment insurance (for me), paying 20,000 yuan a year and100,000 yuan in five years. I told my mother that the annual income is five points, which is much higher than that of the bank. After 50 years, if you take out 75, you can transfer it to 400,000 or 500,000, and you can still protect the accident. Mom kept it from me for three years before telling me. As a result, I almost didn't vomit blood when I read the insurance clause. One year's income is only 1, 300 yuan survives, and then several hundred dollars are given to beggars (dividends are not fixed, and the insurance company will give them to me, which can only be made up when I die before 75), and then only when I die before 75, give me a little bonus accumulated by 1, 400,000+,or live until 75, and give me 65,400. If you want to withdraw money halfway, you will lose a lot of principal (no loss after 35 years, the sooner you surrender, the more you will lose). Mom's 65438+100000 is saved for five years, with an annual interest of 4750. Well, you can withdraw money at any time without losing money? 134500 What will happen in the future?

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.