Tips for purchasing universal insurance:
1. Unlike bank deposits, the initial cost of universal insurance is 50% of the first-year premium, so the account value is greatly reduced. Even if I give you 5% income every year, the account value of the previous 10 years is basically negative. Friends who take a fancy to the financial management function of universal insurance should not ignore this point.
2. In addition, the cost of basic insurance and critical illness insurance is also increasing year by year. Take a 30-year-old woman as an example. The cost of180,000 critical illness insurance coverage is 293.4 yuan, 640.8 yuan when she is 40 years old, and 1423.8 yuan when she is 50 years old (it is a lie to say that serious illness is free). It has increased rapidly since she was 60 years old, so it has grown rapidly. If you are the birthday girl, you must pay the premium every few years after the age of 60 to keep the policy valid;
3. The universal insurance income of many insurance companies looks good on the surface, but the compensation is the larger of the insured amount and the account value. When the value of your account exceeds the insured amount, you will lose your own money, but you can't lose a penny every year.