Universal insurance, insurance elites, help!

Risk insurance premium: refers to the insurance company's expense to cover the death and high disability risks faced by the insured, which varies with the occupation, age and health status of the insured. It can be calculated according to the risk rate table contained in the contract and the basic insurance amount you set. (Risk premium = basic insurance amount/one thousandth * risk rate)

Initial expenses: including agency expenses and underwriting expenses paid by insurance companies to agents. , stipulated by the company. Universal insurance will be deducted 50% in the first year, and then it will be reduced year by year, and deducted 5% every year for about ten years.

Security fee: this is the insurance premium of consumer critical illness insurance, which is deducted once a year and increases with age. If you don't get sick this year, it will be wasted.

Calculation of guarantee fee: calculated according to the critical illness insurance insurance amount attached to you and the guarantee fee rate table attached to the contract. (Support cost = additional critical illness insurance coverage/thousand people * support cost rate)

It is worth mentioning that we must pay attention to whether there is "our insurance company reserves the right to adjust the guarantee rate (or risk rate)" in the contract. If there is, it is a trap. If the insurance company says it will improve a little after five years and ten years, you will have to pay more points and have no initiative at all.

Settlement date: Universal insurance generally says: "Interest will be settled on a daily basis and compound interest on a monthly basis". This settlement date, that is, the calculation date of investment income, is decided by the company.

Declared personal account value = investment account income+paid premium+continuous payment reward+guaranteed interest rate income-annual initial cost-annual risk insurance premium-annual guaranteed cost ... It is really impossible to calculate the exact amount.

Minimum guaranteed interest rate = 1.7 1% (I can't remember clearly, different companies have different types of insurance), which refers to the minimum guarantee of investment account yield. (Universal insurance is managed in two accounts, namely, investment account and protection account)

Also, it must be noted that if there is no cash value table, it is quite insecure. The cash value of the insurance policy is the legal basis for how much the customer can refund when surrendering the insurance, and any perfect insurance contract should have it.

Hmm (expressing hesitation, etc.) ... I have read a contract of Zhiying Universal Life Insurance, and I remember there were so many analyses at that time. Please correct me if there are any shortcomings or mistakes.