How much insurance knowledge to know: personal annuity insurance

The education insurance and pension insurance we are exposed to belong to the category of personal annuity insurance. Annuity insurance is based on the survival of the insured as a condition for the payment of insurance premiums, and pays insurance premiums according to the year, half year, quarter and month until the death of the insured person or the expiration of the protection period;

Individual annuity insurance is that the customer pays the premium to the insurance company at one time or according to the agreed payment period, (the one-time payment of the premium is called the lump sum payment. Installment premiums are called periodic payments, which generally range from a few years to several decades. Then, after the agreed period, the insurance company pays the customer the insurance premium at the agreed time until the contract is terminated. Simply put, it is to pay the insurance company first, and after a period of time, the insurance company will return the money.

Annuity insurance generally has traditional annuity insurance, universal annuity insurance, participating annuity insurance and so on. Many people will feel that annuity insurance is very pitted and not cost-effective. In fact, for annuity insurance, you can't look at the immediate benefits alone, and insurance companies are mainly based on long-term protection. Compared with venture capital, annuity insurance can steadily appreciate in value under the premise of capital safety, and can also provide a stable cash flow. Take the pension as an example, when we are young for 20 years, we pay premiums to the insurance company every year, and if we want to withdraw this money in the middle of the way, we will lose a lot, so will we insist on paying it all. When we retire, we can start receiving pensions from insurance companies, whether on a monthly or annual basis, as long as the time comes, it will be properly entered into our accounts. Of course, we can also save a sum of money in the bank every year, the demand interest is too small, we deposit regularly. If you want to spend money one day, you can take out the money and spend it by losing a little interest difference between the regular period and the demand period, which is really convenient, and the feeling of spending money is also very cool, and the result is that there is still no savings in retirement. From this point of view, which method is not very obvious!

Of course, the purchase of annuity insurance needs to plan the cash flow, according to their own income and economic conditions to rationally choose the purchase standard, otherwise it is not wise to be unable to bear the premium expenses during the payment period.