Is there any loss in surrender after the hesitation period?

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Jinyou Life Insurance 2065 438+04 A is a critical illness insurance product of Pacific Life Insurance, and it is a dividend insurance. The landlord was insured on 20 16, and it has been five years now.

Let me explain a problem first. If you surrender after the insurance has passed the hesitation period, there will be some losses, and you can get back the cash value by surrendering halfway.

So this kind of thing needs careful consideration.

However, if the landlord really wants to surrender, and feels that this critical illness insurance is not suitable, there are still several problems to pay attention to when surrendering.

0 1 ~ What conditions are suitable for surrender?

When we have the idea of surrender, it means that we are not satisfied with the insurance we bought before. Most people generally have the following reasons:

Insurance products are not suitable.

Premium takes up too much budget and even affects the quality of life.

Insurance upgrade

In view of these four situations, Meng Xiao simply analyzed them one by one:

1, the insurance product is not suitable.

Very few people, when buying insurance, covet the returned premium and buy insurance products that they are not suitable for. They spend a lot of money but get low protection, and they can't get good protection. It is normal to want to surrender.

2. The premium takes up too much budget and even affects the quality of life.

Generally speaking, the insurance cost should not exceed 20% of the annual balance of the total household income.

The word "balance" is a bit abstruse. In fact, simply speaking, it is the money left after deducting various expenses such as rent, mortgage, car loan and parents' pension.

In the case of a small budget, it is still prudent to provide insurance for your family.

If you can't afford the existing premium, you should consider returning the product, and don't let the insurance affect the quality of life.

3. Insurance upgrade

With the upgrading of products, the insurance purchased many years ago now seems completely uncompetitive.

Sometimes, it may not be bad insurance, but outdated ~

And when we have a better protection scheme, the idea of returning products will be stronger.

There are many reasons for surrendering, but after moving this idea, we must be clear: unless we are in a hesitant period, there may be losses in surrendering.

Surrender can only get back the "cash value" of the policy, which is greatly discounted compared with the premium paid.

Because there will be more expenses deducted at the beginning of the policy, the cash value will be lower in the first few years of the policy. It is very common to pay tens of thousands of premiums in the first year and get back only a few hundred when you surrender.

But if you think about it from another angle, you may feel more comfortable: consider it as the protection you have spent a lot of money on these years. More importantly, whether it will be more cost-effective and comprehensive to switch to other products after surrender. This is also the key to deciding whether to surrender.

How about 02 ~ Jinyou Life Insurance 20 14 version A guarantee?

Since you want to surrender, let's see if the A version of Jinyou Life Insurance 20 14 does not meet the above surrender conditions:

1, Eugene life insurance 20 14 version a guarantee content:

1, policy bonus:

Jinyou Life Insurance is a dividend-paying insurance product. In addition to the basic premium, there is also a policy bonus for serious illness and death:

Policy dividends include annual dividends and final dividends:

The annual dividend is distributed as an increase; The termination bonus is divided into caring bonus and special bonus, which is paid when the contract is terminated due to serious illness or death.

It should be noted that dividend distribution is uncertain.

The probability of making a fortune with this bonus is very low; Therefore, dad doesn't advise everyone to take this opportunistic road. After all, buying insurance buys protection, not income.

2. Disease protection

Jinyou life insurance 20 14 version a in terms of the number of diseases, 60 kinds of serious diseases, pay 100%, 50 kinds of mild diseases, pay 20%, three times without grouping.

In fact, this protection is low. At present, there are 1 10 excellent critical illness insurance products on the market.

Moreover, the proportion of compensation for minor diseases is too low. The critical illness insurance products on the market not only include the protection of moderate illness, but also the compensation ratio of mild illness is 30%-40%, even 45%. Just like Darwin No.3 critical illness insurance of Xintai Life Insurance, compared with it, the cost performance is not only a little higher.

3. Insurance amount and premium

According to the information provided by the landlord, the annual premium of 6,543,800 yuan is estimated to be around 200,000-300,000 yuan, and the price is still a bit high.

Moreover, the 20-year payment will greatly reduce the leverage ratio and there will be some payment pressure.

Meng Xiao and many insurance practitioners believe that refund insurance is really not recommended.

The probability of making a fortune with this bonus is very low; Therefore, Meng Xiao does not advise everyone to take this opportunistic approach. After all, buying insurance is a guarantee, not a profit.