Participating whole life insurance is a new type of insurance in the past two years, with both a definite cash value and an uncertain dividend, and the total policy benefit is expected to exceed 3.5%. In the era when the insurance pricing interest rate does not exceed 3.0%, this kind of participating life insurance is undoubtedly a very good capital planning tool.
For the current participating whole life insurance, we recommend China Post Life Joy Yingjia Whole Life Insurance (participating type). This product comes from the powerful China Post Life Insurance, the product has strong policy benefits and relatively reliable dividends, and it is an excellent player in the first echelon of dividend-paying products.
However, according to the notice of the insurance company, this product is expected to be removed from the shelves on May 20 (subject to the notice of the insurance company), and friends who like participating whole life insurance are worth knowing.
Today, I will introduce this product to you:
The protection content of China Post Life Joy Yingjia Whole Life Insurance (Participating Type).
China Post Life Enjoy the policy benefits of Yingjia Whole Life Insurance (Participating).
China Post Life Yuexiang Yingjia Whole Life Insurance (Participating) underwriting company strength and dividends
Write at the end
1. The protection content of China Post Life Joy Yingjia Whole Life Insurance (Participating Type).
Let's first understand the basic coverage of this product.
Yuexiang Yingjia Whole Life Insurance (Participating Type) is underwritten by China Post Life, suitable for 30-70 years old, the protection period is lifelong, the payment period is 3 years/5 years/10 years, and the insurance threshold is 5,000 yuan.
The main benefits include death/total disability insurance benefit and accidental death waiver for the policyholder.
The death/total disability insurance benefit includes basic death/total disability + bonus payment increase death/total disability benefit (the specific compensation can be seen in the above table, which is described in detail).
Accidental Death Waiver means that if the insured dies due to accidental injury before the age of 65, the policyholder will be exempted from paying subsequent premiums and the policy will continue to be in force.
2. China Post Life Enjoys the policy benefits of Yingjia Whole Life Insurance (Participating).
Let's take a look at how the policy benefits of this product perform.
A 30-year-old male applies for insurance, pays 100,000 yuan per year for 5 years, has a total premium of 500,000 yuan, and the basic insurance amount is 431,600 yuan:
* In the 7th policy year, the guaranteed partial cash value + non-guaranteed bonus portion is demonstrated, and the total policy benefit can reach 513,000, which exceeds the premium paid
* In the 8th policy year, the guaranteed portion of the cash value exceeds the premiums paid; Combined with the non-guaranteed portion of the bonus presentation, the total cash value is expected to reach $565,000
* In the 30th policy year, when the insured retires at the age of 60, the current price of the guaranteed part has increased by more than 390,000 yuan, and the total policy benefit is expected to reach 1,307,000 yuan, which is 2.6 times the premium, and the comprehensive IRR is expected to be 3.5%;
* In the 60th policy year, at the age of 90, the guaranteed cash value reaches $1,876,000, which is 3.8 times the premium, and the total policy benefit is expected to be as high as $4,117,000, 8.2 times the premium, and the combined IRR is up to 3.7%; The further back you go, the higher the IRR!
As can be seen from the case, the growth rate of this product is quite fast, and the cash value of the policy can exceed the premium in the 7th year.
The performance of the total policy benefit is very good, and the current price of the guaranteed part plus the dividend demonstration has a long-term IRR of more than 3.7%, which is the first echelon leader in the market. There is nothing to say about the benefits of this policy, if you want to buy participating whole life insurance, this is worth preferring.
However, the cash value of the above cases is guaranteed by the minimum guarantee, and the dividend demonstration is uncertain and not guaranteed, and does not represent the expectation of the company's historical operating performance or future performance.
3. The strength and dividends of the underwriting company of China Post Life Insurance Yuexiang Yingjia Whole Life Insurance (Participating Type).
From the case, it can be seen that the policy benefits of this product are very playable. Why? Because it's a strong company.
Founded in 2009 and headquartered in Beijing, the underwriting company, China Post Life Insurance, a national life insurance company under China Post, is jointly funded by China Post Group Corporation and provincial (autonomous regional, municipal) postal companies, with a registered capital of 28.663 billion yuan and total assets of 488.9 billion yuan.
In the case of the general registered capital of more than one billion or billions in the insurance market, China Post Life's 28.6 billion can rank among the top three in the market, and its own strength is very strong.
The holding company, China Post, is familiar to everyone, from first-tier cities to small towns, all over China Post. Needless to say, the strength of this wholly state-owned enterprise managed by the central government is needless to say. Then China Post Life Insurance, which is directly controlled by China Post, is also a proper state-owned enterprise, and its background strength is self-evident, and the resources it enjoys are also beyond the reach of ordinary companies.
Therefore, from the perspective of the company's strength, the dividends of China Post Life Insurance are worth looking forward to. Let's look at the company's past dividend results:
According to the public information disclosure on the official website of China Post Life, the company's past dividend fulfillment ratios have all met the standard, and last year's dividend fulfillment ratios were between 125% and 143%, and the lowest were above 100%. (Past dividend fulfillment ratio inquiry channel: China Post Life Insurance official website - public information disclosure - special information - new products - dividend product information disclosure)
Under the strong background strength of China Post Life, it can be verified from its past dividend results that the company's dividends are still relatively reliable. If you like participating whole life insurance, you can buy this product.
However, once again, it is a warm reminder that dividends are uncertain and not guaranteed, and the past business performance does not represent the future.
Fourth, write at the end
In the past two years, there have been more and more friends who choose participating whole life insurance, and everyone is more concerned about the strength of the company in addition to the benefits of the policy.
China Post Life Joy Yingjia Whole Life Insurance (Participating) is an excellent product with strong company strength and policy benefits. The insurance threshold is as low as 5,000 yuan, and there is also a humanized protection for the accidental death waiver of the policyholder; Dividends are reliable, guaranteed current price + non-guaranteed dividends, the overall policy benefits are very good, and the long-term IRR can reach up to more than 3.7%, which is a rare and good product in the current insurance market.
Although the dividends are uncertain, there is a guaranteed current price, and the security of the policy can be guaranteed. This excellent product will be removed from the shelves on May 20th, and if you like it, you can hurry up and consider it.