Is it unclear whether to increase insurance and reduce insurance? I believe many people will have such confusion. For those who are studying insurance, this article must be very practical.
Next, the senior sister will give you a detailed analysis. What is additional insurance? What is insurance deduction? What's the difference between them?
1. What do you mean by increasing insurance and reducing insurance?
Let's learn about insurance protection first. The amount of insurance is to increase the amount of insurance. For example, Lao Wang insured an insurance product and the budget was not enough. When he bought insurance, the insured amount was 200 thousand, and then Lao Wang had enough money behind him, so he could increase the insured amount through the insured amount.
And the reduction of insurance is also easy to understand. To put it bluntly, it is to reduce the amount of insurance products. If Lao Wang has economic problems in the future and can't pay the premium in full, he can reduce the premium and reduce the premium burden by reducing the insurance.
Second, what is the difference between increasing insurance and reducing insurance?
After the above definitions of insurance increase and insurance decrease, we can know that the main difference between them is the influence on the insured amount.
If the insured has sufficient funds, wants to have comprehensive protection, or has relatively high income, in this case, it is best to consider increasing the insured amount, and vice versa.
However, I want to tell you that not all insurance products are equipped with the right to increase or decrease insurance, and some products are not. Before buying, you can read the insurance clauses or ask customer service.
In addition to paying attention to the rights and interests of the insurance policy, when insuring insurance products, we should also pay attention to the protection content of product terms and the threshold for claims. , to avoid being cheated:
Which kind of insurance is better and how to buy it is more cost-effective, and teach you to avoid these pits of insurance.
Third, how to buy annuity insurance?
When starting with annuity insurance, it is best to consider annuity insurance with high internal rate of return (IRR), which is the key to judge whether an endowment insurance is worth insuring, because many endowment insurances pay attention to financial management.
When considering financial risks, we should observe the internal rate of return, just like we go to the bank to save money and look at the interest rate. If the product has a higher internal rate of return, the annuity/cash value we get will be even more commendable when we receive an annuity or surrender.
Four. Matters needing attention when increasing or decreasing the insurance amount
1. Prepare all relevant materials.
When we choose to increase or decrease the basic insurance, we must first contact the insurance company and then sign the application form. We also need to bring ID cards, insurance policies and other materials to help insurance companies handle our business.
2. Pay attention to the increase or decrease limit of insurance amount.
Some insurance products stipulate that the increase or decrease of insurance should not exceed 20% of the cash value of the policy, while the minimum amount of some products is conditional.
3. Pay attention to the amount of additional risks.
If some additional risks are added to the main insurance, if it is necessary to increase or decrease the insurance, the amount of additional risks will change accordingly. Attention, everyone.
5. Where can I buy insurance?
Generally speaking, the purchase channels of insurance products are online and offline.
Some people may feel uneasy about online channels. On this issue, Senior Sister has written an article for analysis before for your reference:
"Is it reliable to buy insurance online? What is the difference between online insurance and offline insurance? 》
1, offline channel
There are many offline channels for configuring insurance, such as physical stores, branches of insurance companies, offline service outlets, insurance agents and bank insurance.
Offline insurance channels are not far from our daily life. In short, it is "face-to-face" sales. The best thing about this channel is that it can solve various problems of consumers earlier.
2. Online channels
There are many channels to buy insurance online. Generally speaking, there are official website, APP, telephone insurance, insurance malls of insurance companies, or other third-party channels, such as Alipay Ant Insurance and WeChat Micro-insurance.
Under normal circumstances, general insurance companies sell products through their own insurance malls, and there are not many types, but many insurance companies have third-party insurance platforms to cooperate, and the products may be more abundant.
This channel has the advantages of convenience and quickness, which can save the time and energy of the insured, and can be insured without going to an insurance company or network.
However, different age groups, different economic incomes and different future expectations. Will affect our choice of insurance plan. If we buy blindly, we may suffer losses.
If you want to know what insurance you are suitable for, you can look at the insurance plan written by senior sister to help you avoid the pit:
How to buy insurance at different ages? Everyone should have his own plan.
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
If the above content has not solved your problem, you can also come to the official account of WeChat to learn to bully and say that insurance consulting me;
I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
WeChat official account: Xueba said that insurance costs less, buy the right insurance!