Can annuity insurance be loaned?
Annuity insurance refers to the insurance that the insurer pays the insurance money to the insured regularly in the way and amount agreed in the contract within the agreed time limit during the life of the insured.
Under normal circumstances, annuity insurance can generally make policy loans after one year of insurance. The loan amount generally does not exceed a certain proportion of the cash value of the policy, and at the same time it needs to bear certain loan interest. The amount that the insured can borrow is linked to the cash value of the policy, and the accumulated loan amount will generally not exceed 80% of the cash value. Interest is subject to the 1 year loan interest rate published by the People's Bank of China. The loan term usually does not exceed 6 months and should be paid off before the next policy anniversary.
The procedures for handling annuity insurance loans are relatively convenient and simple. Customers only need to prepare relevant information and submit a written application to the insurance company. Usually you can receive the loan amount within 3-5 working days. One of the biggest benefits of policy loans is that you can get cash flow without returning the package, and all the guarantee functions, dividends and return functions of the policy will not be affected during the loan period. Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China
Matters needing attention in purchasing annuity insurance
Unlike other insurance products, annuity insurance takes a long time from purchase to collection, which may be 10 years, 20 years or even longer. Therefore, when consumers buy annuity insurance, they should first consider annuity insurance with dividend function. In this regard, insurance experts said that in addition to choosing insurance with dividend function, there are still some problems to pay attention to, as follows:
1, and the payment method can be "tailored". According to insurance experts, there are three ways to receive annuity insurance: regular, fixed and one-time delivery.
2. Pay attention to providing for the aged and increase the amount received. Annuity insurance is based on the survival of the insured. In order to avoid the loss of pension due to the short life of the insured, many pension insurances guarantee to receive 65,438+00 years or 20 years. If they die before the collection period, the remaining unpaid amount can be given to the designated beneficiary. Insurance experts said that there are some annuity insurance products on the market, which focus on the function of providing for the aged, and the amount received each year will be more, and the collection period is also guaranteed.
3. Carefully choose the pay-as-you-go annuity insurance products. Insurance experts said that the collection time of annuity insurance is flexible, and its initial collection time is mostly concentrated in the four age groups of the insured, namely 50 years old, 55 years old, 60 years old and 65 years old. On the other hand, because there is no time to accumulate funds, the cash value of products will be relatively low, and it usually takes a long time to recover the capital. Is the return insurance cost-effective? I just sorted out the relevant contents, hoping to help you: What's the difference between consumer insurance, savings insurance and return insurance? Which is better?
To sum up, when purchasing annuity insurance, we must pay attention to choosing insurance products with dividend function. In addition, we should pay attention to the tailor-made collection method, the emphasis on old-age care and the careful selection of annuity insurance products that pay on demand.
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Characteristics of annuity insurance
Nowadays, providing for the aged has become a major problem for the country. Most people choose old-age insurance in the hope that pensions will continue to grow. Therefore, annuity insurance that meets this characteristic is favored by people more and more. Of course, buying insurance is to understand its characteristics first. What are the characteristics of annuity insurance?
Is annuity insurance life insurance?
Endowment insurance in social insurance is only the most basic, and it can't meet the needs of middle-aged and elderly people, so it is particularly important to buy an annuity insurance. Moreover, many policyholders have doubts about whether annuity insurance belongs to life insurance products. Let me tell you.