1. Five advantages

(1) Flexibility and diversity. Universal insurance can arrange its own funds, even if it does not attach other types of insurance, because of its adjustable coverage and flexible payment, its functions are diversified. A policy with multiple guarantees can not only provide personal protection, but also give consideration to financial management, which greatly facilitates the insured.

(2) Avoid the invalidation of the policy due to the tight cash flow in stages. Universal insurance is different from traditional futures insurance. Once the payment method is agreed, it cannot be changed. After paying a certain amount of premium, universal insurance policy holders can choose to pay any premium equal to or higher than the forward premium at any time according to their own wishes and conditions. This function is especially suitable for the insured who has temporary payment difficulties.

(3) Strong anti-inflation ability. The difference of universal insurance lies in that the investment return of its customers' personal investment accounts is not fixed, but changes according to the actual income of the investment accounts, and each company gives a guaranteed interest rate. In general, such products can eliminate the impact of inflation to varying degrees.

(4) Withdrawing funds from personal investment accounts due to needs or emergencies. Universal insurance personal investment account, monthly interest compound interest. Customers can flexibly withdraw no more than the cash in their personal investment accounts at any time, and the insurance contract remains valid, which is more favorable than the traditional policy mortgage loan.

(5) The policy account is clear. In the past, an obvious feature of traditional insurance was that the accounts were vague. In view of the customer's need to know the changes in the amount of policy protection, the flow of account funds and the income in time, Universal Insurance provides the design of transparent accounts.

2. Three shortcomings

(1) In terms of protection, universal life insurance generally provides personal life insurance. When the insured dies, is seriously ill or completely disabled, he can get the payment of the stipulated basic insurance amount or policy value. From this perspective, the guarantee function of universal life insurance is still limited.

(2) The most expenses are deducted in the first year, and basically no expenses are deducted after the fifth year!

(3) Pay attention to the long term, and it is best not to make short-term visits. Basically, it can be returned after ten years, but it is not suitable for the elderly to buy.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.