What does annuity insurance mean?

Annuity insurance refers to insurance products that provide individuals with long-term savings, asset accumulation and protection. Annuity insurance is divided into fixed annuity and variable annuity. The interest rate and payment method of fixed annuity are fixed, while the variable annuity changes with the market interest rate and investment income.

The coverage of annuity insurance mainly includes life insurance and pension. Life insurance includes ordinary life insurance and whole life insurance. The former covers a limited period of time while the latter covers the death of the insured. Pension refers to a certain income obtained through annuity insurance after retirement.

Three kinds of annuity insurance are traditional annuity insurance, dividend annuity insurance and universal annuity insurance. Traditional annuity insurance has a fixed guarantee period and pays a certain fixed annuity; The guarantee period of dividend annuity insurance is flexible, and you can enjoy the dividends of insurance companies at the same time, but the dividends are not guaranteed; Universal annuity insurance provides flexible insurance period and investment mode, with high investment income but high risk.