Jiaren Life Jiu’an 19 Increased Whole Life Insurance is a financial insurance. Its advantages include a wide range of insurance age, flexible payment period, and an increase rate of 3.5%. Its disadvantages include the inability to add insurance midway, and health risks. Therefore, the compensation ratio is low, and overall the price-performance ratio is average and not very reliable.

3.5% is the (insurance amount) increase ratio of Jiuan 19. It is an incremental whole life insurance among our life products. The payment period is not only 3 years, but also provides 5 years of payment. If you pay in 10 years, you can choose the payment period according to your actual financial situation.

What is incremental whole life insurance?

In fact, increased whole life insurance is an insurance product that combines "life insurance protection + financial management". As long as death or total disability occurs, you can get corresponding protection. It is guaranteed to last as long as the insured lives, and deposits and withdrawals are flexible. Once it was launched, it has been loved by many people.

1. What are the advantages and disadvantages of Jiuan 19? a

As can be seen from the protection content map, the protection content of Jiuan 19 is only death protection, which is divided into 3 different compensation methods based on the age of 18 and the expiration of payment period. In addition, it also includes two protection contents: policy loan and reduction of basic insurance amount. Let’s take a look at the advantages and disadvantages of this Jiu’an 19 incremental whole life insurance.

Advantages:

1. Wide insurance age range

28 days to 70 years old is the insurance age range of this Jiuan 19 incremental whole life insurance. The insurance age range is It is quite large. Generally, people from newborn babies to middle-aged and elderly people can purchase this Jiuan 19 incremental whole life insurance.

2. Flexible payment terms

Jiuan 19 has three payment terms, and you can choose to pay in 3 years, 5 years, or 10 years. On the basis of consistent premiums, if your payment period is long, your insured amount will definitely be higher. If your financial situation is good, you can choose a high-cost one. If your financial situation is not good, you can choose a low-cost one.

3. The increase rate is 3.5%

Jiuan 19 increase whole life insurance increases at 3.5%, which is the case every year. The longer the protection period is, the more death benefits you will receive and the more comprehensive the protection will be. The increase rate of 3.5% is very good.

However, now the Jiuan 21 product after the transformation of Jiuan 19 has an increase rate of 3.6%. Friends who want higher returns can consider this Jiuan 21 increased whole life insurance: "3.6% Is Jiuan 21 whole life insurance with compound interest increase worth buying?

Disadvantages:

1. You cannot add insurance midway

There are many increased whole life insurance on the market The insurance can choose to add insurance midway, but this Jiuan 19 insurance does not allow adding insurance midway. In other words, if you become more capitalized later, you cannot increase the insured amount midway and can only surrender the policy and buy it again. The design in this regard is not perfect yet.

2. The death benefit ratio is unreasonable

The death benefit ratio of Jiuan 19 is divided into three age groups, and the benefit ratio is divided according to different age groups. If you are 18-40 years old, 160% of the premiums paid will be paid; if you are 41-60 years old, 140% of the premiums paid will be paid; if you are 61 years old and above, 120% of the premiums paid will be paid.

The death benefit for those aged 41-60 is only 140% of the premium paid, which is 20% less than the benefit for those aged 18-40, which is very unreasonable.

After all, people in the 41-60 age group may have children who have just entered society and have not yet been able to shoulder the burden of the family, and there are parents who need to support them. If they fall down at this time, it will be very difficult for the family. It's a heavy blow.

2. Is the profit of Jiuan 19 good?

There are two ways to increase the income of Jiuan 19 whole life insurance. The first is the death of the insured person, and the second is the two options of collecting the cash value by reducing the policy or surrendering the policy directly.

I calculated the income based on the age of 30, 5 years of payment, and annual payment of 100,000, which can be used for your reference:

If you can complete the payment period at the age of 35, The cash value of the policy at this time is 521,322 yuan, which exceeds the premium paid and earns 21,322 yuan. The internal rate of return at this time is 2.09%, which means that the payback time of the Jiuan 19 product is 5 years. This payback time The speed is average. After all, there are still incremental whole life insurance products that can pay back their capital in 3 to 4 years.

At the age of 40, the cash value is 617,539 yuan, and the internal rate of return at this time is 3.04%. If you choose to surrender the policy at this time, the cash value you will get is 617,539 yuan. In addition to the premium of 500,000 yuan, The total income received by *** is 117,539 yuan. The internal rate of return at this time is 3.04%, which is not particularly outstanding.

Based on the above income calculation, when you are 50 years old, the cash value will be 870,502 yuan. When you are 60 years old, the cash value will be 1,227,917 yuan. If you surrender the policy at this time, you can get a cash value of more than 1.22 million yuan. , excluding the premium of 500,000, there is also an income of more than 720,000. The income is not bad, but it is not the best.