2023 is the year of "savings". In the first half of the year, Chinese people's deposits exceeded 10 trillion yuan. Have you saved money?
is less than 3 months away, and 2022 is coming to an end. At the end of the year, insurance companies will rush to launch: a good start, which means a prosperous new year.
This year's good start seems to be a little early. Xiaorong's old boss China Life took the lead in firing the first shot. Friends who have read Xiaorong's articles know that the products launched every year that have a good start are basically the same. Today, let's analyze this financial product of China Life: Xinxiang Future + Universal Account.
basic form of product
Xinxiang Future + Universal Account is a combination of two products. The main insurance Xinxiang Future is an investment-type annuity insurance. After saving money, it will be repaid from the 5th year, and the contract will be terminated in the 8th or 10th year.
universal account: It is a product attached to the main insurance. If the money returned by the main insurance is not collected, it will be moved to the universal account for secondary compound interest.
main insurance ( Xinxiang Future) can be paired with one of the three universal accounts. The recommended additional universal account is: Xinzunbao Life Insurance (universal type) (Part A). Regarding the capital flow of this type of annuity insurance + universal account, please see the following figure in detail:
product SYHow to
0 Xinxiang Future + universal account, you can use the main insurance to manage your finances alone, or you can manage your finances together with universal. Let’s compare its interests separately, taking a 35-year-old man with deposits of 100,000 yuan per year as an example.
xinxiang Future: Receive the money returned in the fifth year directly, does not enter the universal account
points to 3 years of deposit, deposit 100,000 yuan per year, the contract term is 10 years , and the same deposit is as [annuity insurance] SYSY comparison:
3 minutes to save money for 5 years, deposit 100,000 yuan per year, the contract term is 10 years, and the same deposited [annuity insurance] SY:
points to 3 years of deposit, deposit 100,000 yuan per year, contract term 8 years, and the same deposit [increase life insurance] SY comparison:
points to 3 years of deposit, deposit 100,000 yuan per year, contract term 10 years, and the same deposit [increase life insurance] SY comparison:
points to 5 years of deposit, deposit 100,000 yuan per year, and the contract term is 10 years. Comparison of with the same deposit [increase life insurance] SY of the same deposit:
Xiaorong knocked on the blackboard: Whether it is a 3-year payment period or a 5-year payment period, under the protection period of 8 years or 10 years, the SY obtained from depositing the same principal is [lower than] an increase in life insurance.
incremental life insurance is achieved through "partial collection". It can be seen that it is not only better in terms of "money flexibility", but also more money is needed.
pk Similar annuity insurance products, 5-year payment period, guaranteeing 10-year single interest rate is only 0.88%. This is because the deposit money has not yet started to repay money. If it is replaced by the other two similar products, it is equivalent to locking in two 5-year high-interest rate treasury bonds, and the minimum single interest rate of is 3.59%, and the maximum can reach 3.75%.
Xinxiang Future + Universal Account: The money returned in the fifth year is not directly collected. enters the universal account to add value again
Xinxiang Future refund money enters the universal account. According to the universal "interest rate", it continues to compound interest. needs special attention. It is not like the increase in lifetime life insurance. All SY will be "write into the contract", and it only has the guaranteed interest rate written into the contract.
See the promotional poster 6% and 5% are both demonstration interest rates. Xiaorong checked the current settlement interest rates of almost all universal accounts, the highest at present: 4.98%. The insurance company will settle every month, and the interest rates will be announced on the official website.
s deposit money for 3 minutes, deposit 100,000 yuan per year, return the money to enter the universal account, is equal to [annuity insurance + Universal Account] SY comparison:
points and 3 years of deposit, deposit 100,000 yuan per year, return the money to enter the universal account, and the same deposit [increase life insurance] SYComparison:
Xiaorong knocked on the blackboard: No matter whether Xinxiang's future protection period is 8 years or 10 years, all the money will be completely transferred to the universal account before the 12th year.
pk annuity insurance + universal account, I believe you have also seen it, there are alternative products with higher guaranteed interest rates and higher current settlement interest rates. The money returned from the 10th year of main insurance in
is still in the process of entering the universal account. The product on the right (annuity insurance + universal account) is completely crushing the domestic life products (Xinxiang Future + universal account). The high settlement interest rate of
4.8% can be used to deposit change at the moment. As interest rates decline, the universal account settlement interest rate will approach [guaranteed interest rate]. For the guaranteed interest rate SY, the difference is as high as 679,000 yuan.
pk incremental lifetime life insurance: incremental lifetime life insurance SY, comprehensively crushing the guaranteed interest rate of China Life products (Xinxiang Future + Universal Account). In the first 15 years after the policy takes effect, the increase in lifetime life insurance SY is also the SY at the high settlement interest rate of 4.8% in China Life Group, and it has only surpassed since the 16th year. Can the settlement interest rate of
4.8% for 15 years?
It is not difficult to see from the trend of downward interest rates: It is definitely not possible. The lifelong compound interest rate written into the contract is 3.5%, and the short-term settlement interest rate of 4.8% and 4.9%. Which one do you choose?
How about China Life Universal Account
I will not elaborate on it here. If you are interested in universal accounts, you can read the previous article. Let’s directly conclude: China Life Universal Account guaranteed interest rate is low, the current settlement interest rate is still acceptable, and the handling fee for entering and exiting universal accounts is high.
at the end
Medium and short-term financial management: You can choose a better investment-type annuity insurance to perfectly replace treasury bonds. If you focus on medium- and long-term SY, lock in medium- and long-term interest rates, you can attack and retreat and defend when the interest rate drops. The current increase in lifetime life insurance is better. You need to flexibly collect money. You will always earn interest at a compound interest of 3.5% without withdrawing money.
According to the 72 rule , it can double every 20.5 years! ! !
Welcome to continue to lock in Xiaorong Wealth Planning Studio. All companies have good starts this year, and Xiaorong will help you clear mines one by one.
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