(1) Principal security: The risk of bankruptcy of the first insurance company is low. Even if it goes bankrupt, China Banking and Insurance Regulatory Commission will provide other powerful auto insurance companies to take over. Secondly, annuity insurance confirmed the surrender time and credit limit of dividend insurance when it was insured, and it was just redeemed.
(2) Regular savings: When buying insurance annuity insurance, you must deposit on time, and this large sum of money can't be taken away in a short time, so it is changed to deposit.
(3) Ensure long-term and stable cash flow: If you buy life annuity insurance, you can get dividend insurance for life, which can promote old-age care and enjoy life-long cash flow.
2. Disadvantages of annuity insurance
(1) Weak coordination ability: after purchasing the insurance annuity, this large sum of money cannot be withdrawn in a short time, and it has to be returned by the auto insurance company one after another. However, if it must be obtained in a hurry, then the auto insurance company will only return the policy value, which may lead to relatively large property losses.
(2) More capital investment: Buying annuity insurance usually requires a lot of assets, and it takes many years to pay, and there are certain regulations on the payment level of the insured.
3. Is it worth buying?
Whether it is necessary to buy annuity insurance depends on your actual situation. If you have provided comprehensive insurance products for yourself and your family and have extra money, you can consider providing annuity insurance, which can be used as a supplement to your children's education expenses, or you can fill your pension service assets in the future.
Which is more cost-effective, the equal principal and interest of bank loans or the principal?
1. The nature of repayment is different.
Matching principal and interest means that the principal repaid every month is unchanged, and the annual interest of each month is multiplied by the corresponding monthly interest rate. Because the outstanding principal is decreasing and the loan interest is decreasing, the monthly repayment amount is decreasing. Matching principal and interest repayment means that the monthly repayment amount remains unchanged. The actual calculation should first calculate the total interest sum, and then evenly distribute it to each repayment period.
2. The calculation method of annual interest rate is different.
The actual calculation formula of equal principal and interest repayment method: monthly repayment of loan interest = unpaid principal × monthly interest rate; Monthly repayment of principal = monthly repayment-monthly repayment of loan interest. The actual calculation formula of equal principal and interest repayment method: repayment amount of one month = monthly repayment of principal+unpaid principal of the month × monthly interest rate; Among them, the monthly repayment amount of principal is unchanged, and the monthly repayment amount of principal = the total repayment period of loan principal repayment; Monthly interest rate = annualized interest rate repayment 12.
The loan principal or principal is good: the repayment pressure of equal principal and interest repayment is not great, and the repayment characteristic of equal principal and interest repayment is that the lender returns a fixed repayment amount to the financial institution every month; The interest rate ratio is decreasing year by year. The main disadvantage is that the overall interest expense is relatively high. The overall interest cost of equal principal and interest repayment is low, and the characteristic of equal principal and interest repayment is that the overall interest cost is relatively low; In the following time, the monthly repayment amount may be reduced. The main disadvantage is that the early repayment pressure, especially the first repayment, will be very stressful.