After the predetermined interest rate of insurance entered the era of 3.0%, participating products gradually became the mainstream.
Taking the participating increased life as an example, its policy benefit is composed of two parts: guaranteed minimum + dividend:
The guaranteed part is the same as the traditional "fixed income" type of increased life, written in black and white, and the long-term compound interest is between 2.0-2.3%;
The dividend portion is floating and depends on the profitability of the insurance company's investment, which is distributed according to regulatory rules.
With the minimum guarantee plus dividends, the total benefit of the product is very likely to break the upper limit of 3.0%, the expected return can exceed 3.5%, and the top products can even reach 3.7%.
Therefore, buying dividend-paying products can give us the opportunity to earn 3.5% in the 3.0% era.
The following 5 models are more consulted:
- Xingfujia Whole Life Insurance (Participating): It is expected that the application will be discontinued this month;
- Jingfu Hongyun Whole Life Insurance (Participating);
- Fumanjia Whole Life Insurance (Participating);
- Enjoy Yingjia Whole Life Insurance (Participating);
- Liduoduo No. 3 Whole Life Insurance (Participating).
Some are produced by large factories or bank-based insurance companies.
There are also earnings that are performing very well.
Many customers are simply dazzled by the actual understanding and comparison.
Which of these 5 products is more profitable, and which one is worth buying?
Let's take a look.
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01
Comparative analysis of revenues
I chose 3 payment periods that more people want to know, that is, 3/5/10 years for comparison.
If you want to see other payment periods, you can directly consult the planning teacher.
PS: There are many ways to receive dividends from Jingfu Hongyun and Fumanjia, here we take the payment of the increase as an example.
Delivered in 3 years
From the perspective of the closed period (i.e., the time when the current price > premium paid),
Just look at the guaranteed benefits, Fumanjia is the shortest time, as long as 6 years,
Several other products have similar closure periods.
After superimposing the bonus benefits, in addition to the 7 years of Yuexiang Yingjia, the basic closure period is only 6 years.
From the point of view of policy benefits,
Jingfu Hongyun and Yuexiang Yingjia performed relatively well, with the highest yield infinitely close to 2.4%.
followed by Xingfujia and Fumanjia, ranking behind the first two products with a slight current price gap, with the highest guaranteed income infinitely close to 2.3%.
The higher yield is Jingfu Hongyun, with a yield of about 3.5% in the 20th year of the policy (that is, at the age of 50);
The highest return is more than 3.7%, which is a high dividend yield product in the current market.
followed by Xingfujia, Fumanjia and Yuexiang Yingjia,
After these three products are superimposed with bonus income, before the age of 90, the income is comparable.
After the age of 90, Yuexiang Yingjia is slightly higher, which can reach 3.75%.
Delivered in 5 years
From the perspective of the closed period (i.e., the time when the current price > premium paid),
Just look at the guaranteed benefits, Xingfujia, Jingfu Hongyun and Fumanjia take a little faster, as long as 7 years;
After superimposing the bonus benefits, the fastest is Liduoduo No. 3, which only takes 6 years, and the rest will take 7 years.
From the point of view of policy benefits,
, Jingfu Hongyun is still leading, and the guaranteed interest is currently at a high level in the industry, infinitely close to 2.4%.
There is not much difference between Xingfujia and Fumanjia in the early stage, and the follow-up Yuexiang Yingjia has slowly caught up, and in general, the benefits of these 3 products are comparable.
Jingfu Hongyun, in the 20th year of the policy (that is, when it is 50 years old), the yield exceeds 3.4%,
The highest yield is still over 3.7%!
followed by Xingfujia, Fumanjia and Yuexiang Yingjia, the benefits of the three products are very close,
However, after the 60th year of the policy (i.e. the age of 90),
Overtook the success, with the highest dividend return of 3.728%.
Delivered in 10 years
From the perspective of the closed period (i.e., the time when the current price > premium paid),
Just looking at the guaranteed interests, Jingfu Hongyun is a little ahead,
During the premium payment period, i.e. the 9th year of the policy, the current price can exceed the premium paid.
The remaining three will take about 10-11 years.
After superimposing the bonus benefits, the fastest is Jingfu Hongyun, which only takes 7 years;
followed by Jingfu Hongyun and Xingfujia, it will take 8 years.
From the point of view of policy benefits,
, Jingfu Hongyun is still leading, and the highest income even exceeds 2.4%.
followed by Fu Manjia, who has been leading a little bit by a slight margin,
However, after the 60th year of the policy (i.e. 90 years old), Joy Fortune gradually surpassed.
At the age of 100, it ranked second, with a maximum guaranteed return of 2.313%.
Jingfu Hongyun's performance is still stable, firmly occupying the C position, and the highest yield is close to 3.8%.
The second is Fumanjia, with a yield of around 3.3% in the 20th year of the policy (i.e. at the age of 50) and a maximum of 3.657%
Joy Fortune is a thick and thin hair product, and it will be used again after the 60th year of the policy (i.e. 90 years old).
By the age of 100, the dividend yield is 3.702%.
generally
The closure period of Jingfu Hongyun is relatively short,
Whether it is a guaranteed benefit or a superimposed bonus benefit, the income is very bright.
Xingfujia and Fumanjia, the overall closure period is not too long;
The guaranteed benefits and stacked bonus benefits for the first 60 years of the policy have greater advantages.
Yuexiang Yingjia is similar to Xingfujia, but after 60 years of policy,
Guaranteed benefits and dividend benefits gradually began to exert force, and the follow-up long-term returns were higher.
Liduoduo No. 3 is delivered in 3/5 years, and the advantage of the closed period is obvious after the superposition of dividend benefits;
However, the overall guaranteed benefits and dividend benefits are decent.
02
Comparison of company strength
Choosing a high-quality participating insurance product, in addition to paying attention to the guaranteed income and dividends of the product,
The fulfillment ratio of the insurer's historical dividends and the insurer's own investment strength are also very important.
After all, whether the dividend can be realized or not, you have to refer to these data.
We have also summarized the data of these 5 products and the brief situation of the underwriting companies behind them in accordance with these two directions:
Let's talk about the fulfillment ratio of participating insurance first:
According to the data on the official websites of these five insurance companies, except for one product of Beijing Life, which did not reach 100% in 2023, the dividend fulfillment ratio of all disclosed products is 100% or above.
To put it simply, the actual dividend income can basically meet or exceed the expected demo income.
Among them, the product with the highest realization rate reached 212%, which came from Beijing Life Insurance.
The largest number of products announced was Sino-British Life, with a total of 35 products.
Let's take a look at the strength of insurance companies,
Here we mainly summarize the data from two aspects: the average investment return on investment and the solvency indicator in the past three years.
From the perspective of the average return on investment,
Beijing Life Insurance, Sino-British Life Insurance and China Merchants Cigna are all above 5%, especially China Merchants Cigna is also backed by China Merchants Bank, which is a proper "bank-based" insurance company;
Fosun Prudential and China Post Life Insurance also have 4.64% and 4.99%, and the strength of these two companies is also not bad.
The former is a Sino-foreign joint venture of the Great Insurance Division, and the latter is backed by China Post, a large central enterprise.
From the perspective of solvency indicators,
The data for the fourth quarter of 2023 released by the five insurance companies can meet the regulatory requirements.
Among them, the latest comprehensive risk rating of Sino-British Life Insurance is AAA, which is very good!
03
Daddy concluded
From the above dimensions, these 5 products can be selected as follows:
The closed period, guaranteed benefits and dividend benefits of Beijing Life Jingfu Hongyun products are very good.
If you fancy high yields and don't care so much about the popularity of the insurance company, I recommend this one.
China Post Yuexiang Yingjia and China Merchants Cino Liduoduo No. 3 are both from the bank-based insurance company, and the company has a high brand awareness.
Relatively speaking, Yuexiang Yingjia's closed period, guaranteed benefits and dividend benefits are more advantageous than Liduoduo No. 3;
The overall operation of Liduoduo No. 3 company is stable and has a good reputation.
If you look at major brands and take into account product benefits, you can choose these two.
Fosun Prudential Xingfujia and Sino-British Life Fumanjia are comprehensive high-quality players.
In particular, the guaranteed benefits and superimposed bonus benefits for the first 60 years of the policy have greater advantages.
The insurance company has a high reputation and strong strength, and the profitability of investment is also online all year round.
For example, Xingfujia also supports services such as generation-skipping insurance, secondary policyholders, and trusts to meet a variety of asset planning needs.
If you pursue high returns in the early stage of the policy and have high expectations for long-term dividends, you can consider Xingfujia or Fumanjia.
If you don't know how to choose and want to know more, you can contact us at any time!