Recently, many people have seen such a message in their circle of friends. Does
look good?
is accompanied by a heart-warming brochure:
In the era of low interest rates for 0 years in the future,
will have a fixed income of 4% every year, and it is also written in the contract!
Is this going to kill all financial insurance on the Internet? !
4.025% of the products have been discontinued as early as 2019.
, this Ping An Cai Huiying , how can it achieve an annualized rate of 4%? What is hidden in the data promoted by
?
Today, Dora will take everyone to reveal the truth~
01
Ping An Cai Huiying, how is the protection?
Ping An Cai Huiying is an endowment insurance of Ping An Life . It is essentially a savings insurance.
It’s just like incremental whole life insurance, you save money and get income.
probably looks like this:
This product is guaranteed for up to several decades.
The threshold is not high, and you can start investing with only 4,000 yuan. If
does not claim it midway, you will get a maturity bonus at one time.
If the maturity money is not used, it can be transferred to universal account to make wealth, with a guaranteed return of 1.75%.
A simple understanding is that if you deposit a sum of money into Ping An Cai Huiying,
0 years, the principal will be returned with interest, with a yield of 4%. How did the 14% profit of
html come from? Let's do the math.
02
Ping An Cai Huiying, the income is really 4%?
The income of this product is as follows:
Case: A 30-year-old man pays an annual premium of 50,000 for 10 years
It can be seen that in the 116th year of the policy 6, the current price exceeds the premium paid, achieving a return of capital 6;
The annual income is 4% of the premium paid.
If you surrender the policy midway, you will not get the income and can only return the cash value;
Assuming that the policy is html and then surrendered after 120 years , the rate of return is only .39%~
After being insured for 30 years, the total income is .51 million, plus the premium paid of 500,000,
can get back a total of .01 million, which is times the premium paid. The actual rate of return of
IRR is .78%! !
Now you should understand,
this 4%, is neither simple interest nor compound interest,
is certainly not a real rate of return,
is only part of the source of income: the amount of premium appreciation in each year.
Some people say that this is only guaranteed for 30 years, and the principal is doubled, which is already very good.
Let’s compare it with other popular incremental whole life insurance policies.
All policies will be surrendered after 30 years. To see who has higher returns?
3
Comparing incremental whole life insurance, who gets more money?
I chose Liduoduo and Jinshengshengxiang Edition, which currently have higher returns, to compare them with Ping An Cai Huiying.
Let’s see who gets more money after withdrawing cash after the 30th year?
Case: 30-year-old male, annual payment of 50,000, paid for 10 years
It can be seen that the current price of Ping An Cai Huiying is the highest in the first 3 years of ;
From the 4th to the 7th year, the current price of Liduoduo is the highest;
next For nearly 20 years, Jinshengyi Premium Edition has been the highest;
In the following years, Liduoduo overtook it.
In general, Liduoduo and Jinshengxiang Edition are in the 4th year ,
current prices are starting to be far ahead of Ping An Cai Huiying;
and the payback speed is also very fast, both in the 8th year It took
and Ping An Cai Huiying to get back the original amount, but it took 6 years !
In the 30th year of the policy, Ping An Cai Huiying’s protection period expired,
.5 million premium + 510,000 total income, a total of .01 million was recovered; 2;
利If Duoduo surrenders the policy at this time, he can also get back the current price of .2 million ;
Gold Satisfaction Exclusive Edition and Liduoduo, which is a lot more than Ping An Cai Huiying .19 million + ! ! The actual rate of return IRR of
is as high as .48%!
In addition, for extended whole life insurance, you can also reduce the insurance and withdraw cash ,
you can withdraw as much as you want, and the remaining unwithdrawn can be left in the account to continue to increase the value..
And Ping An Cai Huiying can only withdraw the funds after maturity.
There is no profit when withdrawing it midway, and you can only get a refund of the current price.
But it will take another 16 years to get back the money. Thinking about it makes me a little panic~
04
is written at the end
very Obviously, the actual profit of Ping An Cai Huiying's product
is not high, only about 3%, and the return on capital is also slow.
Compared with incremental whole life insurance, I don’t know how far it is outclassed~
Therefore, when you usually look at product promotions, don’t be attracted by the so-called high returns.
Use IRR to measure whether the returns are high or not. Know.
