The difference between whole life insurance and universal insurance

Hello! Whole life insurance and universal insurance are different in income, financial management period and suitability for people.

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1, the difference between high and low income

Whole life insurance can guarantee both principal and income; Everything is clear and innocent.

Universal insurance can protect the capital, but the income is uncertain; But there will be a guaranteed minimum income, which can definitely be given to us.

2, the best use of differences

If you just want to spare money for financial management, recommend universal insurance. At present, the income of 4-6% is already very good; And relatively flexible, similar to Yu 'ebao. You can make money by investing at any time, or you can take it out at any time.

If you want to leave some money for your children, consider whole life insurance. After the age of 100, wealth is automatically passed on to the beneficiary; If you need money urgently, you can also withdraw it in advance.

The similarity between whole life insurance and universal insurance lies in safety. Under the strict protection of the insurance law, there is no doubt about the safety of the policy.

Article 92 of the Insurance Law stipulates that even if the life insurance company goes bankrupt, the state will arrange other companies to take over the insurance policy, and our legitimate rights and interests will not be harmed.

So if you buy financial insurance, you don't have to worry about the insurance company running away or going bankrupt.

Generally speaking, these two kinds of insurance have their own advantages, so it is good for everyone to choose flexibly according to their own needs.