Can insurance companies buy financial annuity insurance?

Of course, you can buy financial annuity insurance from an insurance company. Of course, there must be certain advantages and disadvantages, such as low risk, but relatively stable income and so on. So when we buy this kind of insurance, we must first consider our own needs and see if it is suitable for our own purchase. The so-called annuity insurance, in fact, is based on the life of the insured, and the insurer pays the insured insurance money quarterly, fixed number of years or monthly until the insured dies, and the insurance contract is officially terminated.

It is said that this kind of insurance can solve a series of problems such as pension and education, which seems good, but it also has many advantages and disadvantages.

First, advantages

The advantage of financial annuity insurance is that the income is very stable. I believe many people are planted in stocks and funds. Although this financial management method comes quickly, it is risky. However, financial annuity insurance is just the opposite. Although the income is low, it is very stable. Moreover, the insured are all protected by law. Even if the insurance company has problems, the follow-up will be accepted by the state, so the interests of the insured will not be harmed at any time, which is a relatively safe financial management method. What's more, this kind of insurance generally uses compound interest income, which means that the longer the investment time, the faster the income growth.

Second, shortcomings.

The disadvantages of financial annuity insurance are slow recovery and poor flexibility. For example, after purchasing financial annuity insurance, the premium paid by the insured cannot be taken back casually, and can only be collected within the time limit stipulated in the insurance contract. If you want to pursue products with high income and flexibility, don't buy financial annuity insurance.

Third, matters needing attention

We must also pay attention when buying financial annuity insurance. In any case, we have to buy all the basic protection before considering these financial insurance. Such as critical illness insurance and accident insurance. More important than financial insurance. Otherwise, in the event of an accident, there is no guarantee at all. So when we buy this kind of insurance, we must first consider our own needs and see if it is suitable for our own purchase. The so-called annuity insurance, in fact, is based on the life of the insured, and the insurer pays the insured insurance money quarterly, fixed number of years or monthly until the insured dies, and the insurance contract is officially terminated.