Ping An Fu is an old brand of China Ping An Life Insurance Company of China Insurance Company and enjoys a good reputation. It is the first choice for many middle and high-end consumers. Because of the high premium, many consumers want to know how to withdraw money when they are safe and happy. Can I return the principal after full payment?

1, case details

Mr. Xia, a native of Fuzhou, aged 35, is an executive of our company. On the recommendation of his high school classmates, he insured Ping An Fu for 20 18,300,000 yuan in 2018, and the annual premium was about13,000 yuan. Mr. Xia wants to know how much money Ping An Fu has to pay every year. Can he get it back after paying the money? How can I get the money out safely and happily?

Ping An Fu is a purely guaranteed product, which does not pay dividends. The cash value of guaranteed products is generally low. If you want to withdraw money, there are generally three ways:

(1) Handle the policy cash value loan.

This kind of consumers can operate by themselves in Ping An Financial Manager, but the cash value in the early stage of the policy is low, the loan amount is limited, and the interest rate is 5%. The advantage of this kind of loan is that you can choose to repay the principal and interest within 6 months or only pay the interest at maturity. If it is not due, it will not be reported, but the interest will roll into the principal, and the repayment pressure is very small.

(2) Handling policy credit loans

For example, take the insurance policy to Ping An Bank to apply for a new loan, or go to other lending institutions to apply for a loan. This kind of loan has high interest and needs to be repaid on time. The maximum loan amount is 40 times, 65,438+00,000 yuan, and the maximum loan amount is 400,000 yuan.

(3) In this case, surrender means that the policy is suspended, the follow-up is no longer guaranteed, and the cash value is refunded. A salesman said that Ping An Fu had paid the fee for 20 years, and it had already been paid back in 20 years. This is obviously misleading. Ping An Fu has already paid the fee back to Beijing, and there will definitely be economic losses if you surrender. Therefore, you usually buy Ping An Fu, and you don't need to bear family responsibilities when you are 70 or 80 years old. If the children are filial, they can choose to leave later and lose money to inherit their wealth, or they can choose to surrender their insurance and take money to supplement their pension or travel.