Traditional Culture Encyclopedia - Traditional customs - In which year did you pay the traditional royalty in 3 years, and the current price was the same as the premium?
In which year did you pay the traditional royalty in 3 years, and the current price was the same as the premium?
7 years.
Royal Premium is an increased whole life insurance, and the premium is increased by 3.5% compound interest every year. The cash value of the traditional version paid in three years is relatively low, and the cash value is equal to the premium paid in the seventh year, that is, the time to return to the capital is relatively slow, so the cash value of the traditional version paid in three years is equal to the premium in the seventh year.
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