Therefore, Senior Sister will take these two products as an example to tell you today.
If you don't know what life insurance is, let alone the difference between whole life insurance and term life insurance, take a look at this article:
What's the difference between term life insurance and whole life insurance? Senior sister tells you! 》
First of all, it is said that it is for Fu.
First, let's take a look at the product comparison chart:
The product comparison chart can directly show the basic information of two products and the differences between them. Senior sister will choose the key points for everyone's analysis.
1. Insurance rules
In terms of insurance age, Yue Tianfu's insurance age range is set at 28 days after birth to 70 years old, while Li Hong's legend says that only people under 65 are allowed to choose. Under the comparative study, the highest insurance age required by the two is whole life insurance, which is slightly better, and it is quite good for people aged 65 to 70.
Then let's take a look at the payment terms of the two. It is said that Li Hong has seven payment methods, but Tianfu only pays in five years, 10 and pays in 20 years. There are more and more payment terms, which can completely meet the purchase needs of many different types of people. That is to say, the legend of Li Hong said that whole life insurance is more humanized in the choice of payment terms.
It is worth noting that both the legend of Li Hong and the Tianfu of Years stipulate the waiting period.
The waiting period means that in some cases, even if there is an insurance accident, the insurance company will not pay compensation, which is defined according to the specific situation. The waiting period is provided to prevent diseases before buying insurance, so there is an act of obtaining insurance benefits.
Take the two products in this article as examples. If the insured dies or is completely disabled due to illness during the waiting period, he can only get back the premium he has paid.
So for our consumers, the shorter the waiting period, the better. According to legend, Li Hong supports the waiting period of 180 days, and Tianfu supports the waiting period of 90 days. Then once compared, the advantage of four years old plus wealth is more obvious.
2. Guarantee content
Li Hong's legend and Tian Fu in the past only support the protection of death or total disability.
Moreover, we can also see that the insurance compensation for Happy New Year can gradually set different compensation ratios according to different age groups, but there is no such provision in the legend of Li Hong.
For example, the insured, aged 30, died of illness after the waiting period, and was equipped with whole life insurance, the legend of Li Hong, and met the claim conditions, so he could get the basic insurance coverage of 100%. If you buy Tianyuefu and meet the claim conditions, you can get 160% of the premium paid, the effective insurance amount and the cash value, which is the greater. It can be seen that the insurance payment setting of Tianfu is more humanized.
Moreover, we can also notice that Happy New Year is actually an increase in whole life insurance, and its effective coverage has increased by 3.5%, while Li Hong's category is not an increase in whole life insurance!
What does this mean? Senior, let everyone master it. Increased whole life insurance is an insurance product whose effective coverage can be gradually increased in a certain proportion every year. In other words, when the insured can live, the guarantee time is up, and the effective coverage of this insurance is also rising, which has stronger financial management functions.
The effective insurance coverage of Tian Yue Tianfu is gradually increasing at the rate of 3.5%. In fact, as long as the insured is still alive in the world, the "value" of this product will gradually increase at a rate of 3.5% per year. 3.5% is also a bright growth ratio in the whole life insurance market. Therefore, in this comparison, 30-year-old Fu has an advantage.
If you don't understand the increase in whole life insurance, this article has a more detailed explanation. You might as well have a look:
"Who can manage money in whole life insurance, and who can preserve capital and increase value?" ? Is it worth starting with? 》
Second, summary
In a word, it's hard to tell good from bad. Only comparing the two products, it is evenly matched. However, if we put these two products into our whole life insurance market, there are still some shortcomings and their competitiveness is not very strong.
For example, some excellent whole life insurance products in the market will not only support death or total disability protection, but also support nursing protection, traffic accident death protection and so on, and the protection content will be more diverse.
For example, in whole life insurance, the Great Wall "Jiangjunwei", which is quite popular in the market at present, is one of the best.
If you want to know more about the Great Wall "Wei General" whole life insurance, Senior Sister has found a product evaluation article for you. Don't miss:
Want to buy the Great Wall "Wei General" whole life insurance? You must know these details first! 》
Write it at the end
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