What are the advantages and disadvantages of China heirloom whole life insurance (collector's edition)? Is it worth starting with?

Huaxia Life has launched a family heirloom (collector's edition) whole life insurance, which is very popular on the Internet. I heard that it is very cost-effective and the guarantee content is good.

Many friends come to consult seniors. Is this product really cost-effective? Is it worth insuring?

Today, the senior sister will evaluate this product and see what this product is like!

If you haven't been exposed to the products of Huaxia Life Insurance before, you might as well know the strength of this insurance company first:

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1. How about China heirloom whole life insurance (collector's edition)?

The rules remain unchanged. Let's present the protection map of China heirloom whole life insurance (collector's edition):

Let's not talk about anything else. Senior sister will immediately analyze the characteristics and defects of this product.

Advantages:

1, the deduction is practical.

Some people still don't understand what it means to pay off the amount. Let's explain it in detail.

Deduction settlement refers to the one-time payment of insurance premium at the existing cash value, which will not affect the insurance contract.

For example, we started with the family heirloom whole life insurance (collector's edition), and suddenly we feel that the payment pressure is too great, or we don't want to continue to pay, but we don't want to lose our protection. We can try this function.

It can not only continue to enjoy the protection of life insurance, but also relieve the pressure of subsequent payment at once, which is very useful.

However, it should be noted that after the reduction is paid, the insurance amount will be reduced accordingly.

Disadvantages:

1, the increase coefficient of insurance coverage is average.

The biggest feature of whole life insurance is that the insured amount will increase year by year, and the cash value will also increase year by year.

Therefore, the greater the increasing coefficient of insurance protection, the higher and faster the income will become.

Heirloom (collector's edition) whole life insurance also has a 3.5% quota increase system, which looks quite good.

However, through the current situation, we can find that most of the increased life insurance in the market is at the average level, that is, 3.5%, and many products are as high as 3.6% and 3.8%.

Don't underestimate the gap between 0. 1% and 0.3%. After the interest-bearing effect, even 0. 1% can increase the insured amount several times, and the longer the time, the more obvious the gap.

Therefore, the heirloom (collector's edition) whole life insurance can only be called ordinary.

There are many exemption clauses.

If the insured dies/is completely disabled due to the circumstances in the exemption clause, the insurance company does not need to pay insurance money.

In short, the fewer exemption clauses, the higher the probability of successful claim, and the better for consumers.

There are at least three exemption clauses in the same type of products on the market, but there are more heirlooms (collector's edition) in whole life insurance, with seven!

Even if some clauses are rarely seen, it is always good to have extensive protection. After all, it is better to have protection.

If you want to know how to judge the exemption clauses of other insurance, here is a popular science that can be directly opened:

What is the exemption clause of insurance? what do you think? If you don't understand, you will suffer a big loss! 》

Second, is whole life insurance, a China heirloom (collector's edition) worth starting with?

Generally speaking, the Chinese heirloom (collector's edition) in whole life insurance is not cost-effective. Even though it has the advantages of actual reduction and settlement, the increase coefficient of insurance coverage is general and there are many exemption clauses, so I suggest you compare several products before you start.

There are also many excellent whole life insurance in the market, and the seniors have compiled five models for your reference:

"Fresh! Don't miss five high-yield incremental whole life insurance! 》