The guarantee period of China Life Insurance Xinyao Longteng Old-age Security is 8 years or 10 years, which is suitable for friends who make short-term investments. Different coverage periods correspond to different underwriting ages. The maximum age of 8-year insurance is 72 years old, and the maximum age of 10 is 68 years old. China Life Xinyao Longteng Old-age Security supports wholesale payment /3/5-year payment, which meets the conditions of short payment. There are seven exemption clauses.
For young people, they can choose old-age security as a short-term investment, or they can plan their own pensions in advance to provide certain economic security for their future.
Middle-aged people are at the peak of their careers, facing problems such as children's education and old-age care. We can plan our future life needs by purchasing old-age security. For retired people, China Life's Xinyao Longteng Old-age Security can provide a stable pension income and help them enjoy their old age.
Matters needing attention in purchasing insurance
1. Choose an insurance company carefully: Choose a regular and reputable insurance company to buy, and you can know the company's reputation and service quality through consulting rating agencies, consulting professionals or from government insurance regulatory agencies.
2. Understand insurance products: Before buying insurance, carefully understand different types of insurance products, including insurance amount, insurance period, insurance liability, deductible, and claim settlement methods. Make sure you have a clear understanding of the content and terms of the product, so that you can meet your own needs.
3. Consider personal needs: according to your own economic situation, risk tolerance and insurance protection needs, choose the insurance products that suit you. For example, people with a certain debt burden can consider buying property insurance or life insurance to protect the interests of themselves and their families.
4. Pay attention to the terms: read and understand the terms of the insurance contract carefully, especially the exemption clauses, exclusions and claims conditions. Ensure that you meet the requirements of the insurance company and understand the various restrictions and constraints in the insurance contract.
5. Compare different insurance products: Before purchasing insurance, conduct market research and compare the prices, coverage and service quality of different insurance companies and products. You can get more information through the Internet, insurance agents or professional financial advisors.
6. Don't over-purchase insurance: When purchasing insurance, you should evaluate it according to the actual demand to avoid the economic burden caused by over-purchasing insurance products. Insurance is a risk management tool, not an investment tool.
Reference to the above content: Baidu Encyclopedia-China Life Insurance