Dear, this whole life insurance is guaranteed for life, and it is an increased whole life insurance. First of all, as an increasing whole life insurance, its major feature is that the insured amount can be increased year by year. The insured amount is increased by 3.5% compound interest every year. Therefore, the annual coverage of each policy is calculated according to the formula of "annual coverage of the previous policy × (1.3.5%)". The longer the life of the policy, the higher the insured amount and the higher its value guarantee ability. Secondly, this kind of whole life insurance bears the protection of death or total disability, which can be divided into three different compensation methods.
However, it should be noted that once the unfortunate accident of the insured meets the six exemption clauses stipulated in the insurance clauses, the insurance company can not claim compensation.