I don't have a quick calculation table, so I can't give you accurate data. Let me give you a general principle.

I was 30 years old in the first year. After deducting the joining fee and the security fee of that year, I put 6000 yuan into my account, and I had 2800 yuan.

After deducting the initial fee and guarantee cost, the account of 6000 yuan in the second year still has 4300 yuan, plus 2800 yuan in the first year.

In short, 60,000 yuan was invested in ten years, the initial cost was nearly 8,000 yuan, the security cost was 3,600 yuan (654.38+ million serious illness +654.38+ million deaths), and the remaining was about 48,000 yuan. This total is calculated on the basis of 3% of the median annual income. 10 years later, it will be about 50,000 yuan. If you don't continue to pay the fee, this 50,000 plus 3% annual interest can probably be guaranteed to be around 65 years old (654.38+ million serious illnesses +654.38+ million deaths), and then the balance of the policy account is zero, losing protection and deposits. At this point, all the money and security you paid disappeared.

However, if you pay 6000 yuan a year, pay 10 years and buy100000 life-long critical illness insurance, the coverage will continue to increase. By the age of 65, you can get about 200 thousand for serious illness and nearly 300 thousand for death protection. If you reach the age of 85, it will be more than 500,000 serious diseases and more than 700,000 deaths.

This is the difference between universal insurance and life-long serious illness dividend insurance.

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Life insurance can be divided into two types: consumption type (no refund of paid premiums regardless of whether you are in danger or not) and two-way type (equivalent to savings+insurance, compensation for the insured amount when you are in danger, and no refund of paid premiums or extra dividends when you are in danger).

There are two ways to determine the premium: natural (different every year, the higher the risk, the more expensive) and balanced (paying the same premium for a certain number of years every year). With the growth of age, the greater the risk, the less the income, so the balanced premium is more scientific and humanized, and it is also the way adopted by most life insurance products at present.

Conventional personal accident insurance is a "consumer" premium, and the annual payment is 1-200 yuan, which means that you may get1-200,000 yuan in accidental injury compensation this year.

Conventional critical illness insurance belongs to the "two-way"+"balanced" type, which pays several thousand yuan each year (the payment period is 5-20 years) and gets1-300,000 critical illness protection. If there is no serious illness at the time of maturity or death, the premium can be refunded in full.

Conventional life insurance (death or total disability can be compensated) belongs to "both ends meet" and "balanced type". It pays several thousand yuan every year (the payment period is 5-20 years), and it gets1-300,000 lifetime and total disability protection, and the payment will exceed all premiums.

Universal insurance includes three functions: accident, serious illness and investment dividend. Among them, the protection for accidents and serious illness belongs to "consumption"+"natural" premium, that is, if you pay 50- 10000 yuan this year (the older you are, the higher the premium is), you can get 50,000-200,000 yuan of death or serious illness protection this year.

According to several common terms of universal insurance, the following summarizes a general interpretation: when the customer's universal insurance premium is handed over to the insurance company, it will be divided into three sums of money.

1. Initial expenses and other expenses: various "handling fees" deducted by insurance companies. For example, the annual premium of a universal insurance is 6,000 yuan, and the initial cost in the first year is 50% (that is, deducting the initial cost of 3,000 yuan), 25% in the second year, 15% in the third year and 18 in the fourth year. Every time you pay more than 6000 yuan, it is extra, and the initial fee is deducted by 3-5%.

2. Annual security costs: ranging from tens of yuan to tens of thousands of yuan, depending on age. Only in that year, the consumption type is not returned. The guarantee fee and insurance amount can be adjusted freely according to the customer's demand, and calculated according to the "annual guarantee fee table" in the contract.

3. Policy account: The balance after deducting the initial expenses and guarantee expenses goes into the so-called policy account, which is distributed at the rate of compound interest 1.8-4% every year, that is, the so-called "investment" and "dividend", that is, the part that customers can finally withdraw. If the customer does not continue to pay the premium in the following year, the insurance company will deduct the next year's protection fee from the current policy account balance, thus continuing to provide personal protection for the customer until the account balance is deducted.

Take some "universal insurance" that customers showed me as an example:

The applicant is a boy of 10 years old, with an annual payment of 6,000 yuan (the payment period is not limited, but the salesman will recommend 5-30 years), with a death of 65,438+10,000+critical illness insurance of 65,438+10,000 (adjustable guarantee).

First year 10 years old.

50% (3,000 yuan) will be deducted from the franchise fee for the delivery of 6,000 yuan; Look-up table of this year's security expenses: 1000 yuan at the age of 0/0, and the security expenses are 0.44 (death) and 0.74 (serious illness), that is, (0.44+ 1.74)x 65438+ ten thousand/1 000. If it is adjusted, 6,000 yuan will be deducted from the initial cost, and the remaining 2,000 yuan will enter the "policy account". The annual dividend interest rate is about 1.8-4%, which is the money that customers can invest and withdraw. If the customer does not continue to pay in the coming year, the insurance company will deduct the guarantee fee of the current year from the balance of the "policy account" of the previous year. More than 2,000 yuan is enough to cover the security expenses in the next few years, so theoretically, there is no need to pay any more fees in the next year, and customers will lose their personal safety until the balance of the investment account is deducted from the security expenses.

In the second year, 10 years old

Pay 6000 yuan, deducting 25% of the initial fee (1500 yuan); This year's insurance costs are 0.43 (death) and 0.74 (serious illness), multiplied by 100(65438+ million insured) or 200 (200,000 insured), that is, 1 17 yuan (65438+ million) or 234 yuan. After 6000 yuan, the remaining 4000 yuan was added to the "policy account". Together with the balance of the previous year and the bonus of more than 2,000 yuan, the account balance this year has become about 6,000 yuan.

Skip a few years. . .

1 1 year1year.

Deduct 5% of the initial fee (300 yuan). This year's security expenses are 1.03 (death) and 1.00 (serious illness), that is, 203 yuan (654.38+million, equivalent to 1.500 risk leverage) or 406 yuan (200,000 yuan). So far, the cumulative total investment guarantee cost in 10 year is 1524 yuan (65438+ ten thousand) or 3048 yuan (200 thousand).

29 years old in the 20th year

This year's safety expenses are 0.93 and 1.59, that is, 252 yuan (65438+ ten thousand) or 504 yuan (200 thousand). So far, the total investment guarantee cost for 10 year is 2,269 yuan (65,438+10,000 yuan) or 4,538 yuan (200,000 yuan).

39 years old in the 30th year

This year's safety expenses are 1.87 and 3.02, that is, 489 yuan (65438+ ten thousand, 1:200 leverage) or 978 yuan (200 thousand). Up to now, the total guarantee fee for 10 year is 3,577 yuan (65,438+ten thousand) or 7 154 yuan (200,000). From 10 to 40 years old, the cumulative cost in 30 years is about 7300 yuan (65438+ ten thousand), which is quite cost-effective.

40 years old, 49 years old

This year's safety expenses are 4.78 and 8.32, namely 1.3 10 yuan (65,438+million, 1:75 lever) or 2,620 yuan (200,000 yuan). Up to now, the cumulative total maintenance cost of 10 is 8654 yuan (65438+ 10,000 yuan) or 17308 yuan (200,000 yuan). From 10 to 50 years old, the cumulative cost for 40 years is about 16000( 10000). Since the age of 45, the risk leverage has been low.

59 years old in the 50th year.

This year's safety expenses are 12.33 and 2 1.99, that is, 3,432 yuan (65,438+million, 1:30 leverage) or 6,864 yuan (200,000 yuan). Up to now, the cumulative total maintenance cost of 10 is 23,240 yuan (65,438+million) or 46,480 yuan (200,000).

The high cost of buying universal insurance at this age has begun to lose its meaning. It is suggested that universal insurance customers aged 20-40 must start planning and purchasing other "life insurance+critical illness insurance" as lifelong and old-age security. The sooner you buy it, the more cost-effective it is (if you buy it every night for one year, you will have to pay 2-5 thousand more for every 654.38 million insured amount). It is suggested to reduce the coverage and cost of universal insurance after the age of 50 (to less than 50 thousand yuan, and the protection can be cancelled if the cost is too high after the age).

60 years old, 69 years old

The safety expenses this year are 3 1. 46. 33 and 39.69, that is, 7 142 yuan (654.38+million, 1: 13 lever) or 14284 yuan (200,000 yuan). Up to now, the cumulative total maintenance cost of 10 is 53,248 yuan (65,438+10,000) or106,496 yuan (200,000). After the age of 60, the cost of security has risen rapidly.

70 years, 79 years old.

The safety expenses this year are 77.92 and 57.30, namely 13522 yuan (65438+ million, 1:8 lever) or 27044 yuan (200,000 yuan). Up to now, the cumulative total maintenance cost of 10 is 138070 yuan (65438+ ten thousand yuan) or 207740 yuan (200 thousand yuan). At the age of 70, the premium exceeds the amount of compensation, which basically loses the meaning of protection. However, the average life expectancy of China people is over 70 years old, and the peak of serious illness and death is after 70 years old, which is quite contradictory to the high premium of universal insurance.

80 years, 89 years old.

The guarantee fee this year is 10 1. 18 and 66.37, namely 16755 yuan (65438+ million, 1:6 leverage) or 335 10 yuan (200,000. Up to now, the cumulative total support cost of 10 is 160000 yuan (100000 yuan) or 320000 yuan (200000 yuan).

89-99 years old, 10 years, and the cumulative total security cost is180,000 yuan (10,000 yuan) or 360,000 yuan (200,000 yuan).

Advantages and disadvantages of universal insurance

Advantages: the cost of protection before the age of 40 is very low, suitable for children and young people.

Disadvantages: the security cost of middle-aged and elderly people is too high, which does not meet the income curve and risk demand and cannot provide old-age security. The upfront cost is too high, and it is impossible to recover the cost in the short term. Consumer premiums can't be refunded in the end.

Countermeasures: You can stop paying for a few years, because the account balance is enough for more than ten or twenty years when you are young, and the cost of universal insurance is too high after 50 or 60 years old, losing the guarantee function. Therefore, in the twenties and thirties, it is best to consider buying an ordinary two-way life-long critical illness insurance to protect the risk of accidents and serious illness after 60 years old.

Common "universal insurance" misleads sales;

1, long-term payment, at least 5-30 years.

In fact, the guarantee period has little to do with the payment period. In fact, the guarantee fee for one year is only tens to hundreds of yuan at the beginning, and the customer's only one payment is hundreds or even thousands of times the guarantee fee. As long as the balance of the insurance account is enough for the next year's security expenses, you can have personal security. Therefore, in theory, universal insurance can be guaranteed for several years by paying only a few hundred yuan in the first year. Some universal insurance contracts also have no minimum payment period limit. Customers pay almost all the years recommended by salesmen, and they don't know how much they need to pay and how many years to guarantee. Maybe 1-2 years' payment is enough for the rest of your life for decades, but one year after 70 years old may not be enough.

2, pay a few years, you can "guarantee the bottom for life."

Universal insurance is actually a kind of consumer insurance that only lasts for one year. Only after deducting the security expenses of that year can there be annual personal security. However, the cost of security after the age of 50 has increased rapidly, and the payment for several years is simply not enough for the years after the age of 50. The average customer will have to give up protection when he is 60 or 70 years old because of the huge cost of protection.

3. High dividend

The guaranteed annual interest rate agreed in the actual contract is about 1.8-2.5%, and the dividend level of multi-year universal insurance of each company is also between 2-4%, and few products and years exceed this level.

4. Free withdrawal, guaranteed capital and interest, just like bank savings.

After deducting 5-50% of the initial cost from the customer's premium, the personal protection fee is removed before finally entering the "policy account". The more money a customer can actually leave or withdraw, the principal cannot be guaranteed or it will take several years to recover, so it is essentially different from bank savings.

Universal insurance can fight inflation.

If the current annual inflation rate is 4%, universal insurance is impossible to fight inflation for the same reasons as Articles 3 and 4.

6, can be adjusted according to their own needs.

Universal insurance adopts natural premium. When you are young, you will get healthy and high income-the premium is extremely low, so there is no need to reduce the cost of protection, while when you are old, you will have no income and high risk-if the premium is too high, you will not be able to play a real role in protection when you are old.

7. The plan given by the salesman to the customer does not mention the initial cost and the annual guarantee cost, but only shows the general welfare, and does not show the insurance amount and expenses of the old age. Even when the insurance policy contract is given to the customer, it does not explain how to calculate the guarantee cost or initial cost of the year.

8. "Critical illness protection" can guarantee critical illness.

At present, all the simple clauses of critical illness insurance in our country are limited by the type and degree of diseases, that is to say, they are not compensated for the specified critical illness, or they are not compensated for the specified critical illness, but have not reached the specified way or degree, which is why many critical illness insurances have been accused of "cheating insurance" in the past.

At present, the most advanced insurance products have three ways to solve the problem of "no compensation for non-serious illness":

1. Combine serious illness with life insurance: this insurance not only protects serious illness, but also protects death. Even if there is no serious illness or serious illness does not meet the requirements, accidental death accompanied by illness or total disability will be paid in full, ensuring that the premiums invested by customers can be returned to their hands, and even with interest, small investments will get high compensation. Most insurance companies have such health insurance products, but it is recommended to find more for reference.

2. Join the "non-critical illness care fund": this is a relatively advanced concept of critical illness insurance abroad, which ensures that unknown fatal diseases such as SARS can be continuously added to the scope of protection in the future, and this concept has also been introduced into Taiping Life's products.

3. Annuity conversion: if the payment is completed, it can be converted into an annuity in part or in whole, and it can be collected every year, and it is guaranteed to be collected for at least 65,438+05 years until life, so that the amount of annuity can definitely be higher than the total premium invested, and customers can realize insurance benefits to meet the needs of old-age care and other benefits as needed. Several companies have convertible annuities for life-long products with serious illness.

Suggestions for customers who have purchased universal insurance:

1, read the terms and rates table carefully to understand the initial cost and annual safety cost.

2. If the balance of the policy account is sufficient, the payment can be suspended to avoid losing more initial expenses. Check the balance of the policy account and see how many years the balance can be guaranteed according to the guarantee fee table.

3. Adjust the insurance coverage. Young customers can increase the insurance coverage to 65,438+0-200,000 or even higher, but don't surrender the insurance until they are 40 or 50 years old and feel that the insurance cost is too high. If middle-aged and elderly customers have other types of insurance, they can appropriately reduce the coverage of universal insurance to less than 50 thousand or even surrender.

4. Understand and purchase other "life+serious illness+dividend" insurance as soon as possible. This is a relatively scientific and economical insurance product at present. The earlier you buy it, the more income you get and the lower the premium. It is also difficult to buy after 45 years old.