Is there a trap in whole life insurance, a Chinese heirloom (collector's edition)?

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

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

Today, Senior Sister will evaluate this product and see how it looks!

If you haven't had much contact with Huaxia Life Insurance's products before, it doesn't hurt to know the strength of this insurance company first:

"Who is the king? China Ping An pk Huaxia Life Insurance! 》

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. Sister Xue will immediately analyze the characteristics and defects of this product.

Advantages:

1, 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, starting with whole life insurance, a family heirloom (collector's edition), we suddenly 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 the amount of insurance will be reduced accordingly after the compensation is reduced.

Disadvantages:

1, and the increasing 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 coverage, the higher and faster the income will become.

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

However, through the current situation, we can find that most of the incremental life insurance in the market is at the average level, which is 3.5%, while 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, whole life insurance, a family heirloom (collector's edition), can only call it ordinary.

There are many exemption clauses.

If the insured dies/is totally 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 rare, it is always good to have a wide coverage. After all, it is better to have security.

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 with the advantage of actual deduction 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 profit-increasing whole life insurance in the market, and the seniors have compiled five models for your reference:

"Just out of the oven! Five High-yield and Profit Increasing whole life insurance, don't miss it! 》