What is dual coverage? Is it cost-effective?

Two full insurance, also known as life and death insurance, refers to the insured person in the insurance contract agreed within the insurance period, or in the insurance period expires still alive, the insurer in accordance with the agreement of the insurance contract shall bear the responsibility of paying the insurance premiums of life insurance.

It has a savings nature. The insured person to participate in the two insurance, both can get insurance protection, but also participated in a special zero deposit savings. The insured can pay a small amount of money on a monthly (or yearly) basis and deposit it with the insurance company. If you encounter an accident within the scope of insurance liability, that is to get a protection; if the insurance period to the end of the peace, you can receive a survival insurance, used for old age.

It has the ability to pay and return. The insurance company has to return a sum of money whether the insured dies during the insurance period or is still alive at the end of the insurance period. The premiums paid by the insured in the past years are equal to the insurance liability reserve in the form of the insurance company before the return of the premiums to the insured. In other words, these premiums are the insurer's liability to the insured.

But in general it is not very recommended to buy a double insurance, because he is very strong savings, which means that the liquidity of our funds will be greatly reduced. If it is not the ability to manage money, you can choose this kind of insurance, forcing their own financial management, but if it is a financial concept, this kind of insurance, is not cost-effective. It is not certain whether the money paid for the initial premium, after decades of inflation, will still be worth as much as it was. And, this money, you can also choose a more appropriate financial management, to get more income, this is the way to manage money. Insurance is still insurance after all, and you can't look too much at the function of financial management.

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