If you want to know the evaluation results quickly, please take a look at this article:
Professional evaluation! Is it really worth insuring that Evergrande Life enjoys extended pension insurance? 》
1. What is the insurance coverage for permanent extension of pension?
Without delay, let's take a look at the protection map of this product:
As can be seen from the picture, this product does not have much coverage. On the basis of common pension and death insurance, there is also a birthday payment. There is also the right to change the policy loan and pension plan.
The insurance age range is relatively common, which is similar to most pension annuity products on the market. The starting age of pension is very flexible. At present, men can choose to start at the age of 60 or 65, women can choose to start at the age of 55, 60 or 65, and the pension can be guaranteed for 20 years. Next let's discuss the protection of this product!
1, providing birthday money
Continue to enjoy old-age insurance, including birthday gold protection. If the insured still exists at the expiration of the contract insurance period, it will be terminated at 0: 00 (excluding 0: 00) on the anniversary of the first policy after the insured reaches the age of 88, but at this time the insured is already an elderly person. The insurance company will pay 10 times of the basic insurance amount at the expiration of the contract insurance period, and congratulate the insured on his long life! This money can provide a better guarantee for the quality of life of the insured in old age.
2. Policy loan interest.
As can be seen from the above analysis, this product covers the rights and interests of policy loans. According to the provisions of the contract, we can know that if the customer is in urgent need of money, the contract is valid before the first collection date (excluding) of the contract pension, and the contract has cash value. With the written permission of the insured, the customer can gradually apply to the insurance company for a total policy loan in writing after the hesitation period. With the consent of the insurance company, you can use the policy loan right.
However, it must be noted in advance that the loan amount of the policy should not exceed 80% of the cash value of the contract at that time, and the maximum term of each loan is set at 6 months.
Pension insurance is a kind of annuity insurance. If you don't know much about annuity insurance, you can click this article to see:
"Annuity insurance? Is there anything to pay attention to? Do you have any good products? 》
Second, this must be seen clearly before applying for permanent pension insurance!
In essence, the exemption clause is generally understood as the content that the insurance company does not have to bear the responsibility, that is to say, assuming that the insured really has the content stipulated in the exemption clause, the insurance company will not pay. Therefore, from the perspective of the insured, the fewer the exemption clauses, the more intimate they are, because fewer generally means that the insured can get a wider range of protection.
Hengxiang Endowment Insurance has seven exemption clauses. Compared with similar products with exemption clauses of "Three Five", this product has a little more exemption clauses, which is not friendly enough for the insured! If we want to attract more consumers, it is necessary to improve the exemption clause of permanent endowment insurance.
Comprehensive analysis, the continuous extension of pension annuity insurance has the bright spot of birthday gold protection and policy rights. However, it should also be noted that it contains many exemption clauses and is not cost-effective. Friends may wish to compare and see other pension annuity insurance with more abundant guarantees on the market, and then choose the insurance that suits you!
If you don't know which products of the same type are worth buying, don't miss this article:
"Top Ten Annuity Insurance Rankings ▏ Want to buy high-yield annuity insurance? Don't miss this 10 model again! 》
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