If you want to talk about high-quality fixed income products, you must mention increased whole life insurance.
Safe and stable, the current price is written in black and white in the contract.
It is very suitable for friends who "seek stability".
Recently, Pacific Insurance has launched a new one-Koi No. 1 Incremental Whole Life Specific Disease Insurance.
Not only can it achieve stable growth of wealth, but it also provides health protection!
Let's take a look, is this product worth buying?
For quick enquiries, click here:
01
What are the highlights of Koi No. 1 Enhanced Whole Life Special Illness Insurance?
Koi No. 1 is a lifetime specific illness insurance, many people may be a little unfamiliar with this,
In fact, it is a bit similar to the increased lifetime care insurance that we often talked about before.
Compared with ordinary increased whole life insurance, the content of the protection is a little different.
In addition to the death benefit due to illness, there is more liability for specific illness and less liability for accidental death.
In the event of death due to an accident, you can only get back the cash value,
If the lockdown period had not yet ended, it would have been possible to incur a loss.
But don't worry about this, just buy an accident insurance to supplement it.
For 30-year-old adults, the annual premium of 1 million sum insured is less than 300 yuan.
Let's take a look at the basic situation of Koi No. 1:
Support people under the age of 60 to buy, and the payment methods are also relatively rich.
It can meet the insurance needs of most people.
Let's talk about a few highlights:
1. Loose insurance reduction rules
After the cooling-off period of the contract, the insurance can be reduced, and the maximum amount of the basic insurance can be reduced by 20% per year.
And the insurance reduction is written into the contract, which is more stable:
For most of the increased life, the current reduction of insurance requires the contract to be effective for 5 years, and Koi No. 1 is much more relaxed.
If you want to use the cash value in your account in the future, you can directly reduce the insurance, which is very simple.
However, after the policy is reduced, the original policy income will be affected.
2. Includes 3 types of high-incidence special illness protection
These three types of diseases include:
Severe stroke sequelae, severe Alzheimer's disease, severe primary Parkinson's disease,
They are all very common and high-incidence geriatric diseases.
At the same time, Koi No. 1 also gives intimate care services:
Including in-hospital nurses, post-hospital home care services,
Enjoy more care when you are sick and hospitalized, or even when you are disabled or demented.
However, it is important to note that
Critical illness benefit and death benefit only pay one of the two.
02
What about the income of Koi No. 1 Incremental Whole Life Special Illness Insurance?
After understanding the basic situation of Koi No. 1, what is the income of this product?
I take a 30-year-old man who pays 100,000 yuan a year for 10 years as an example:
You can see:
The current price exceeds the time when the premium has been paid, which is 10 years.
That is, the payment period is over, and the closure period is also over.
And the current price directly reaches more than 1.1 million, exceeding the paid premium of 100,000,
At this time, the compound interest IRR is already 1.743%.
The longer you hold it, the higher the return:
By the 20th year of the policy (i.e. at the age of 50), the compound IRR > 2.5%;
By the 40th year of the policy (i.e. at age 70), the compound IRR > 2.8%, which is infinitely close to 2.9%.
Take a 30-year-old man with an annual salary of 100,000 yuan as an example,
I have also summarized for you the benefits of 4 common payment periods:
From the point of view of the closed period (i.e. the time when the current price > premium paid):
Short-term payment, such as single payment, 3/5 year payment, the closed period is 5-6 years,
Compared to similar products, the speed is very fast.
For example, if you pay in 5 years, it is basically the second year after the end of the payment period, and the principal has been returned.
For example, if you pay for 10 years, the speed is not bad, and the funds can be withdrawn at the end of the payment period.
再来看IRR:
In the 10th year of the policy (i.e. at the age of 40), the yield is 1.7~2.4%;
In the 20th year of the policy (i.e. at the age of 50), the rate of return is 2.5%~2.7%;
In the 30th year of the policy (i.e. at the age of 60), the rate of return is 2.7%~2.8%;
In the 50th year of the policy (i.e. at the age of 80), the rate of return is 2.8%~2.9%.
The compound interest IRR in the early and middle stages has outperformed many similar products.
You must know that many products continue to earn until the age of 100, and the yield does not exceed 2.9%.
However, this product has a feature, that is, by the age of 100,
The growth rate of product yield will drop a little.
This does not affect the overall situation, and it is rare to really hold it until the age of 100.
So how to choose so many payment periods?
Relatively speaking, the performance of single delivery and 3/5 year delivery is relatively good.
In the 10th year of the policy, the yield can be around 2.3%, which is almost equal to the income of saving a treasury bond.
In the 20th year of the policy, the yield is already around 2.7%, which is very good!
If you don't have a lot of budget and want to save your money for a long time,
And save more, 3/5 years is not bad.
If you currently have a windfall on hand and don't want to spend it, you can consider paying it alone.
03
Daddy concluded
In general, Koi No. 1 increases the amount of lifelong specific disease insurance,
The pre- and medium-term returns are very good, and the overall closure period is short.
It can take into account both income and old age special illness protection.
As for the big guy behind Koi No. 1 - Pacific Insurance,
It is a leading insurance company in the industry, a Fortune 500 state-owned enterprise in the world, and has strong strength.
I won't go into too much detail here, but I'm sure you're all familiar with it.
If you fancy big brands and want to take into account the benefits of the product,
Koi No. 1 is a good choice.
If you have more questions, please click here to consult us and talk about it 1v1!