What kinds of traditional life insurance are there?

What kinds of traditional life insurance are there? This problem is still unknown to many people. In view of this, professionals have made professional answers. Let's take a look at this article. What are the good life insurance recommendations? I just sorted out the relevant contents, hoping to help you: the top ten insurance companies selling life insurance in 2020!

What are the types of traditional life insurance?

A senior insurance expert of an insurance company said: Traditional life insurance is mainly divided into the following four categories:

1, whole life insurance. It refers to life insurance with death as the condition of paying insurance benefits, which is divided into traditional and non-traditional types. Its characteristics are that the guarantee period is relatively long, the insured is guaranteed for life, and the accumulated cash value can be borrowed by policy. This kind of insurance mainly provides financial security for the insured families and financial support for their children's education. Abroad, if people want to plan their own heritage, whole life insurance is a popular choice. How about China Life? I just sorted out the relevant contents, hoping to help you: How about China Life? Do you have any insurance recommendations?

2. Term life insurance. It provides five-year life insurance, 10 years, ... to 60 years old, etc. It is a purely guaranteed life insurance with no savings or investment. The insured does not participate in the dividends of insurance companies, which is more suitable for people with high insurance demand but low income.

3. Endowment insurance. It is a kind of regular savings insurance, which has the functions of death protection and savings. If you want to accumulate pension and education funds, you can consider this kind of insurance. How to buy critical illness insurance? I just sorted out the relevant contents about choosing the term or life, hoping to help you: the term of critical illness insurance VS life, how to choose?

4. Annuity insurance. Annuity insurance can guarantee the life of the insured, that is to say, annuity insurance is insurance that provides protection for those who are older and have no income.

5. Other types of insurance, such as dividend insurance, sickness insurance, medical insurance and accident insurance.