China Life launched the annuity insurance Xin Ruyi (Platinum Edition), which advertised "Pay as you send, return at maturity, be stable and safe", and really attracted many friends! Is Xin Ruyi (Platinum Edition) annuity insurance with financial management function reliable?
Let the seniors lead us to analyze some truths about this annuity insurance ~
Senior sister has compiled a guide to avoid annuity insurance pits for everyone. Be sure to read: "Learn this trick and stay away from the pit of 99% annuity insurance" before applying.
First, China Life Insurance Xinruyi Annuity Insurance (Platinum Edition) guarantee publicity!
Senior sister made a relatively easy-to-understand product protection map according to relevant regulations. Let's see:
As can be seen from the protection map, China Life Xinruyi Annuity Insurance (Platinum Edition) has quite a variety of annuity payment methods, including survival insurance, annuity and maturity payment.
Moreover, the insurance threshold is not high at all, and 70-year-olds can be insured at most, which is really friendly to middle-aged and elderly people.
However, after careful study, Senior Sister found the following shortcomings!
1, the payment method is not cheap.
Xinruyi Annuity Insurance (Platinum Edition) only has the option of annual payment, but it lacks the way of batch payment.
Wholesale payment refers to paying all premiums in one lump sum. This payment method is mainly suitable for people with high income but not very stable.
Annual payment is to pay the premium every year until the premium is paid, which is suitable for people with stable income.
If there are two payment methods, the insured can choose according to their own economic situation, which is more friendly to the insured.
China Life Xinruyi Annuity Insurance (Platinum Edition) is somewhat lacking in this respect!
2. Universal account guarantees low interest rate.
Xin Ruyi Annuity Insurance (Platinum Edition) allows universal accounts to be added, which is very commendable.
However, if we want to carefully scrutinize this point, the guaranteed interest rate of these two universal accounts is only 2.5%, which is very stingy!
What is a universal account?
If the insured does not want to receive an annuity, the unpaid annuity will increase with compound interest in the account.
Generally speaking, the guaranteed interest rate of universal account is around 3%. Compared with other products, the universal account of Xinruyi Annuity Insurance (Platinum Edition) is really a bit off the table.
3, dead money is not strong.
Xinruyi Annuity Insurance (Platinum Edition) can only pay the greater of the premium paid and the cash value.
And those of the same type of annuity insurance pay more for death: they can pay120%140%160% of the insured amount.
You know, for the breadwinners in their thirties and forties, the higher the death compensation, the better.
In case of accidental disability or death, the financial resources of the whole family may be interrupted and family life may be difficult to maintain.
Therefore, the more death benefits are paid, the stronger the protection for the family will be, at least enough to maintain a basic life.
However, Xin Ruyi Annuity Insurance (Platinum Edition) did not think of this problem and did not think from the perspective of the insured!
In addition to the above, Xin Ruyi Annuity Insurance (Platinum Edition) has some defects that we don't know about. The following article can be read: "Is China Life's" Xin Ruyi "profitable? Is it worth buying? 》
After explaining the guarantee content, everyone is still more concerned about the benefits of this product. Let's have a look!
Second, the real income of China Life Xinruyi Annuity Insurance (Platinum Edition) was announced!
Before the seniors calculate the income, let's take you to learn the concept of IRR:
Internal rate of return (IRR) means the time when the present value of capital inflow is equal to the present value of capital flow, and even the discount rate when the present value is equal to zero is needed. Isn't annuity insurance a little good for everyone? We should not only pay attention to the rate of return obtained by the agent in the calculation, but also pay attention to the internal rate of return IRR.
Simply put, as long as the value of IRR is higher, it means that the income of this annuity insurance is higher. Next, let's take a look at the advantages of Xin Ruyi Annuity Insurance (Platinum Edition)!
Suppose 30-year-old Xiao Wang chooses Xin Ruyi Annuity Insurance (Platinum Edition) and pays an annual premium of 6,543,800 yuan. After five years of payment, you can choose to receive an annuity at the age of 50, and enjoy the basic insurance amount of 654.38+00 130 yuan.
Survival insurance: after completing the insurance, you can get 10000 yuan. When Xiao Wang is 30-50 years old, he can get the basic insurance amount 10 130 yuan every year.
Annuity: Let's put it this way: at the age of 5 110% of the basic insurance amount, it is 1 143 yuan. From 52 to 80 years old, you can pay 65438+ 00% of the basic insurance amount+previous year's annuity+.
Payment due: when Xiao Wang was 80 years old, he had a sexual intercourse premium of 500,000 yuan.
This picture can tell us that when Xiao Wang reaches the age of 60, the internal rate of return of this annuity insurance is still negative, that is, at this stage, there is no income!
When Xiao Wang was 70, the IRR was only 1.04%, and when Xiao Wang was 80, the IRR was as high as 3.42%.
How did this happen? This is because Xiao Wang paid the premium in one lump sum when the guarantee expired, which greatly improved the internal income.
So with this annuity insurance, the short-term income is not optimistic. If you want to get high returns, you must receive them all within the guarantee period. This is too pit!
Third, the summary of the senior sister
To sum up, Xin Ruyi Annuity Insurance (Platinum Edition) has many unsatisfactory contents, and the short-term income is optimistic, so you should think well before applying!
There are still a lot of excellent annuity insurance in the market, which has been summarized by senior sister. Interested friends can have a look: "Want to buy high-yield annuity insurance? This 10 is worth having! 》
Write it at the end
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