What kinds of life insurance do people often say?

Generally speaking, life insurance mainly includes annuity insurance, endowment insurance, term life insurance, whole life insurance and so on.

The following senior will give you a brief introduction to these major risks.

Annuity insurance means that the insured pays the insurance premium in one lump sum or on schedule, and the insurer pays the insurance premium on an annual, semi-annual, quarterly or monthly basis on the condition that the insured survives until the insured dies or the insurance contract expires.

The outstanding advantage of annuity insurance is that the income is relatively stable, because how much money to receive and when to receive it are marked in black and white in the contract and will not be affected by market interest rates.

However, to buy annuity insurance, you should learn this trick to avoid the pit: learn this trick and stay away from the 99% pit of annuity insurance.

In addition, "double insurance" is to protect both life and death. In other words, if something happens, you will lose money, and if nothing happens, you will get your money back. It is precisely because of this feature that it has attracted the attention of many consumers.

However, the senior sister here would like to remind everyone that the double insurance policy is not as good as expected. At present, endowment assurance on the market is mostly composed of two types of insurance, namely, endowment assurance is the main insurance and critical illness/accident insurance is the additional insurance. Generally speaking, there are two types of insurance, that is, there are two guarantees, but in fact only one of these two types of insurance can pay. For example, after the critical illness insurance claims, the double insurance contract is terminated.

Therefore, if you want to insure against all risks, you should seriously consider it.

Want to know what are the shortcomings of endowment assurance? After reading this article, you will know that the salesman will definitely not tell you about endowment assurance!

Finally, the characteristic of term life insurance is that it can enjoy higher protection with less money within a certain period of time, and it is usually more suitable for economic pillars with limited budget or general economic conditions. In addition to providing death/total disability protection, whole life insurance also has the function of wealth inheritance, so it is more suitable for people with wealth inheritance needs or sufficient budget to take out insurance.

Of course, there are many differences between term life insurance and whole life insurance. Because of the limited space, senior sister won't talk about it here. If you want to know more, you can read this article: What's the difference between term life insurance and whole life insurance? Senior sister tells you!

Hope to adopt

The same number on the whole network: Xueba said insurance, welcome to search.