Difference between traditional and non-traditional insurance

As the name suggests, traditional insurance provides a single cover, such as what you know as critical illness insurance, which means that no money is paid out unless you are sick or die.

And non-traditional insurance, comprehensive protection, diversified functions, both investment function and protection function. For example, universal life insurance, according to the policyholder's requirements, you can withdraw the cash value of the policy at will, and do not have to pay fees every year, the amount of coverage can also be adjusted according to the need to adjust down or up.

Traditional or not traditional is based on the traditional concept of the people's deep-rooted insurance "do not die, do not pay" and set. For the insurance itself, there is really no difference. It's just a new evolution that is more comprehensive and more humanized.

Life can enjoy high return benefits, death can leave the sum insured.

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