Daddy has given you science popularization before,
Increasing the amount of whole life insurance, between different products, the income is high and low;
Even for the same product, the payment period is different, the speed of policy return and the subsequent policy income are also different.
The increased life can generally be paid in a single payment/3 years/5 years/10 years, and some products also support 7 years/15 years/20 years delivery.
Which payment period should you choose to be more profitable and cost-effective?
In view of the fact that many customers will choose to pay for 5 years in the past, today Daddy summarizes several excellent products on the market and demonstrates them to you.
For quick enquiries, click here:
01
5 years to pay, these increased whole life is very good
The reason why this payment period is popular,
On the one hand, there is no need to pay a large amount of premiums at once like a single payment or 3-year payment;
It will not stretch the "front" too long like 10 years and 20 years, and it is suitable for friends who want to do a good job of capital planning in the short and medium term.
Let's take a look at a few of the incremental whole life models that stand out:
1. Issue age
Liduoduo No. 3 (dividend) supports the purchase of people under the age of 65 at most, and the insurance age is relatively narrow.
Fumanjia Whole Life Insurance (Participating), Lifetime Longxi Edition (Participating) and Yuexiang Yingjia (Participating) support people under the age of 70 to purchase, and the insurance age is very wide, and the elderly also have the opportunity to apply for insurance.
2. Payment method
Fumanjia Whole Life Insurance (Dividend) has the most extensive payment methods, supporting 6 payment methods: single payment, 3/5/6/10/15 annual payment, which is suitable for friends with various payment time needs;
The second is Liduoduo No. 3 (dividend) and the Yilongxi version (dividend) in a lifetime, both of which support single payment, 3/5/10 years of payment, suitable for friends who have short-term and medium-term payment plans;
3. The minimum investment threshold
Yuexiang Yingjia (dividend) has the lowest minimum investment threshold, which can be invested at 5,000 yuan, and the starting investment threshold is more suitable for working-class people.
Liduoduo No. 3 (dividend) and the Longxi version (dividend) of the life of the dragon seal version (dividend) need to invest at a minimum of 10,000 yuan, which is relatively more.
4. Reduction of insurance
All four products support policy reduction, which is the sum of the cash value corresponding to the sum assured of each policy reduction, and does not exceed 20% of the basic sum assured;
5. Characteristic guarantee
All four products have some special benefits,
For example, the Italian Dragon Seal version (dividend) supports reduced payment and VIP services, trusts. In addition, you can also choose a universal account to achieve secondary value-added.
But
At present, the settlement interest rate of universal insurance is gradually decreasing, and whether to attach universal insurance needs to be comprehensively evaluated in combination with your own premium budget, income expectation, and fund use plan.
Liduoduo No. 3 (Participating) has total disability coverage for accidental death of public aviation and a series of health management services;
Joy Fortune (Participating) has an accidental death waiver benefit.
You can choose according to your needs, and friends who are interested in the specific rules can click here to inquire: make an appointment for a free consultation
02
Comparison of the benefits of four premium whole life policies
Next, let's take a look at their policy benefits -
Take a 30-year-old man who pays 100,000 yuan a year for 5 years as an example:
1. Payback speed
Among them, the fastest ones are Liduoduo No. 3 (dividend) and Yuexiang Yingjia (dividend), which have achieved return on their principal in the 6th year after the insurance is insured, that is, in the 2nd year after the end of the payment period;
This is followed by Fumanjia Whole Life Insurance (Participating) and Lifetime Dragon Seal (Participating), which achieve return on principal in the 7th policy year;
You can choose according to your needs.
For example, friends who have greater capital flow needs can choose products with fast return on investment, and vice versa, they can comprehensively consider other products.
In addition, the dividends mentioned in the participating insurance are floating, which may be lower or even 0 than the illustration, but they can also be higher.
We can combine the past performance of insurance companies (such as dividend fulfillment ratio and investment return rate in previous years, etc.), and there is a high probability that a good insurance company will reach the demonstration level.
Regarding the fulfillment rate of participating insurance of some insurance companies, Daddy has also sorted it out before, and friends who need it can click here to make an appointment for a free consultation
2. Cash value
The benefits of increased whole life and the flexibility of the use of policy funds mainly depend on the cash value.
After being insured, the policy has a cash value table,
Through the cash value of each year, the yield for the current year can be calculated; It can be seen how much money can be returned if the policy is surrendered in the current year; If you're going to take out a loan from a policy, you'll need cash value as well.
When we choose, we can combine our future capital use plan, compare several products, and see which one is more suitable for configuration.
As you can see from the current price presentation table of the above 4 products:
For 30-year-old men, the highest current price of Fumanjia Whole Life Insurance (Participating) and Yuexiang Yingjia (Participating):
At the age of 50, the current price of the former has reached 910439 yuan, and the current price of the latter is 891343 yuan, and the IRR is more than 3.0%;
At the age of 60, the current price of the former is 1333825 yuan, which is 1.3 times the premium paid, and the IRR exceeds 3.5%;
Yuexiang Yingjia (dividend) is not inferior, with a current price of 1306576 yuan and an IRR of nearly 3.5% in the same period.
Since then, the current price has reached 6033546 yuan at the age of 100, which is more than 10 times the premium paid, and the IRR is over 3.7%.
If you are looking for stability > high returns, you can also set your sights on two other products:
By the age of 50-60, the highest current price is Liduoduo No. 3 (dividend type),
When you are 50 years old, the current price is 849017 yuan, and the IRR is 2.980%;
At the age of 60, the current price is 1243492 yuan, which is more than 1 times the premium paid, and the IRR exceeds 3.3%.
03
Write at the end
It can be said that the income of these 4 products paid for 5 years is actually not bad, as for how to choose,
Here are some suggestions:
Fu Manjia (Dividend) is suitable for those who pursue high returns and have many requirements for the special functions of the policy, and the investment ability of the underwriting company Zhongying Life Insurance is in the forefront.
Yuexiang Yingjia (dividend) is suitable for friends who value brand awareness, pay attention to product yields, and have high expectations for long-term dividend fulfillment ratio.
Liduoduo No. 3 (dividend) is suitable for friends who pursue medium-term basic protection and pay attention to value-added services.
The Italian Dragon Seal version (dividend) is suitable for the elderly and friends who pursue special protection.
Of course, different starting ages, amounts, and payment periods will affect the subsequent income of increased whole life.
If you still want to know the comparison of the benefits of other payment periods, you can click here to consult us