What are the advantages and disadvantages of life-long C pension annuity insurance? What is the age limit?

As a popular endowment insurance product, Taiping You Xiang lifelong C-type endowment insurance is welcomed by many consumers.

Today, my senior sister will give you an evaluation of this C-type pension annuity insurance to see what is worthy of attention in this product. Is it suitable for our configuration!

Before starting, friends who want to know this product quickly can take a look at the following article:

"What is Taiping You Xiang Life C Pension Annuity Insurance? Senior sister tells you! 》

First, Taiping enjoys life-long C pension annuity insurance protection!

As usual, let's take a look at the product diagram of Taiping Youyou Lifelong C Pension Annuity Insurance:

1, insurance conditions

It is not difficult to see from the product chart above that the insurance age range of Taiping You Xiang life C pension annuity insurance is from 60 days of birth to 59 years old.

If people of this age meet the underwriting conditions, they can generally have the opportunity to add this product.

At present, the maximum age of many annuity insurance products on the market is generally limited to people aged 60 or 65.

In contrast, the maximum age of life-long C pension annuity in Taiping You Xiang is set at 59, and the age range of insurance is not so wide, which may be unfriendly to the elderly.

Furthermore, the payment period of this product includes four options, mainly wholesale payment, 3-year payment, 5-year payment or 10-year payment.

Consumers can choose according to their actual situation and economic ability. For example, a small partner with a general budget can choose a longer payment period, which can alleviate the payment pressure to a certain extent.

If you are in doubt about the choice of payment period, you can read the following article:

"How to choose the payment period so as not to lose money? 》

2. Exemption clause 9

Let's start with the exemption clause. The exemption clause is actually that the insurance company does not bear the relevant claims liability.

Moreover, there are a large number of exemption clauses, which can be seen to a certain extent that the threshold for paying insurance benefits for this product is higher.

If you want to know what the exemption clause is, please take a look at the following article:

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

Therefore, for our consumers, the fewer exemption clauses, the better.

Only Taiping enjoys a life-long C pension annuity insurance with seven exemption clauses.

Compared with many similar products on the market with only three or five exemption clauses, this product has many exemption clauses.

Through the above content, does the small partner know something about Taiping Lifelong C Pension Annuity Insurance? However, whether you want to buy this product or not, you should continue to understand!

Second, what aspects should Taiping pay attention to when enjoying life-long C pension annuity insurance?

1, security content analysis

From the above, it can be seen that the coverage of C-type endowment insurance in Taiping You Xiang mainly includes pension, death insurance and total disability exemption insurance.

In addition, the effective insurance amount of this product is called the basic insurance amount in each policy year (inclusive) before the pension annuity collection date, but the effective insurance amount in each policy year (inclusive) after the pension annuity collection date is increased by 3% on the basis of the effective insurance amount in the previous policy year.

It is worth noting that this product is guaranteed for 20 years, which is still very cost-effective for small partners.

2. Provide preferential policies

It is not difficult to find that Taiping You Xiang Lifelong C Pension Annuity Insurance covers two policy rights: policy loan and reduction of payment.

Take the policy loan as an example. If you encounter a sudden economic crisis or are short of money during the guarantee period, you can apply for a policy loan from the insurance company one year after the contract takes effect, if it is approved by the insurance company.

However, the loan amount shall not exceed 80% of the cash value of this contract after deducting all debts, and the longest loan period shall not exceed 6 months.

Therefore, the policy interest of the policy loan can make everyone's capital turnover more sensitive during the insurance period and relieve everyone's payment pressure.

On the whole, the performance of Taiping Youyou Lifelong C Pension Annuity Insurance is up to standard, but it is not warm-hearted in terms of insurance conditions, such as narrow insurance age range and many exemption clauses, so the senior sister thinks it is not worth buying.

Small partners who are interested in insurance can compare similar products on the market and find the product that suits them is the most important!

Write it at the end

I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;

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I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.

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