The difference between universal insurance

The main difference between universal insurance and traditional life insurance lies in the transparency of guarantee content, cash value and premium operation.

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1, security content

Generally speaking, universal insurance is a kind of life insurance with insurance protection function and investment account with certain asset value, while traditional life insurance generally protects death and total disability.

Therefore, universal insurance not only has the protection function of traditional life insurance, but also has the function of financial management through investment accounts.

If you want to compare universal insurance with other financial insurance, you can read this article: What is the difference between dividend insurance, universal insurance and increased whole life insurance financial insurance? Which is the most cost-effective?

2. Monetary value

The cash value of traditional life insurance can generally be calculated in advance, and the cash value will not change easily during the guarantee period.

However, the cash value of universal insurance will change with the change of universal account value.

3. Transparency of premium operation

Insurance companies will not announce the specific operation of premiums to policyholders of traditional life insurance, that is, we generally don't know where the premiums we pay are.

Universal insurance usually discloses the various uses of premiums, and the operation of premiums is highly transparent.

Generally speaking, traditional life insurance pays more attention to the protection function, while universal insurance tends to manage money, so everyone can choose according to their own needs.

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