This is also the first step for beginners of annuity insurance. In the final analysis, annuity insurance is an investment and wealth management product, and its highest effect is to protect "lifelong risk"; With annuity insurance, you don't have to worry about living for a long time, spending all your savings and not being able to live a suitable old age. Without annuity insurance, the worst plan is to have a lower quality of life in the future.
The risk of diseases and accidents usually leads to higher treatment costs, and even makes the family's economic development support fall to the ground. Such a severe blow is unbearable for ordinary working families, and it is likely that their daily lives will be unsustainable. This kind of risk can only be guaranteed by medical insurance, life insurance, major illness insurance and accidental injury insurance. Only when we are equipped with guaranteed insurance as the backbone can we dare to invest in projects. Naturally, if there is a mine at home, you can ignore it!
2, choose a universal account, fortune can't help you.
There are two kinds of annuity insurance in common use, one is pure annuity insurance and the other is universal account. The former has clear profits and relatively stable cash flow every year; In the latter kind of dividend insurance, only a part of the money enters the universal account for secondary turnover, which can improve the overall profit.
The specific annual settlement interest rate of universal account can be found on the auto insurance company official website, but this annual settlement interest rate is not fixed. The trading strategy and external economic situation of auto insurance companies have done great harm to them. According to the situation of most products in the market at this stage, the product income of a universal account will exceed 4.025% of pure annuity insurance.
It is likely that two criteria must be met:
1, the specific rate of return of universal account has been maintained above 5% for decades;
2. It is not allowed to withdraw too much money from the universal account at will during the period. However, this obviously contradicts everyone's goal of providing decent services for the aged. After all, one of the benefits of annuity insurance is that it can generate stable and abundant cash flow.
3. Annuity insurance also needs the elegance of "nip in the bud" annuity insurance, which not only depends on its ability to produce a decent old-age life. It depends more on its profitability. The annuity insurance products on sale can also be regarded as products with a predetermined interest rate of 4.025%, but there are only a handful of products that can achieve this rate of return now.
Because the CBRC has adjusted the mortgage interest rate of annuity insurance to 3.5% in the last year, the future rate of return can only be used as a reference. At first glance, the profit of 4% seems poor, but don't forget that it is rolling interest. Just like a stable profit, it can grow bigger and bigger, provided there is enough time. Therefore, the purchase of annuity insurance must also "nip in the bud".
Just like the education fund insurance that 18 years old gradually receives, the insured only buys it for him at 12 years old; Or 60-year-old pension service annuity insurance, only 55 years old to buy, you will think that annuity insurance is actually like that. If you were born with education insurance, you just started planning old-age insurance at the age of 30, and the difference is not a little bit. The sooner you buy annuity insurance, the higher it is!
Don't worry too much about the payment term. You can deal with it by choosing the right product.
After mastering some characteristics of annuity insurance, the general payment period, insured and collection time also need to be allocated. I generally suggest that the longer the payment period of long-term insurance such as critical illness insurance and life insurance, the better. It can not only relieve the pressure of compensation, but also pry up the lever, which can be greatly guaranteed with a small insurance fee.
But it seems not suitable for annuity insurance. After all, annuity insurance is very similar to social endowment insurance. Pay more and gain more in the future. Many people consider that if they only pay a small amount of insurance premiums and receive a small amount of old-age insurance money in the future, they will not be able to achieve the purpose of purchasing annuity insurance. However, if the payment is too high and the payment time is too long, the working capital will not come back, and surrender will lead to many losses.
Therefore, can we deal with this concern by paying in bulk or shortening the payment period as much as possible? This sounds like a good method, but it's not the best. Choosing an annuity insurance with high cash value can be insured by addition and subtraction, which can solve this problem well. We have explained a product before: China and South Korea welcome Jiang Lai, the successor to Xing Qingfu, and can also add or subtract insurance. In the second year after the payment is completed, the cash value can exceed the insurance fee, and you can also apply for addition and subtraction insurance. It will make everyone's assets complete "attack as attack, defend as attack".