Is Fuxiang Jinsheng annuity insurance worth buying?

Fuxiang Jinsheng annuity insurance can be said to be very popular on the Internet. I heard that the price/performance ratio of Fuxiang Jinsheng annuity insurance is very high. Many friends are also asking whether the price/performance ratio of Fuxiang Jinsheng annuity insurance is really that high. ? Is it really worth buying?

Today I want to take a look at Fuxiang Jinsheng Annuity Insurance with everyone to see if it is really so good?

Before starting the formal evaluation, the senior sister specially compiled a piece of information about Taiping Life. Interested friends can check it out and read it:

"How reliable is Taiping Life?" ? One article tells you the answer! 》

1. What does Fuxiangjinsheng annuity insurance cover?

First, let’s take a look at the protection chart of Fuxiang Jinsheng Annuity Insurance:

From the above protection chart, we can understand that Fuxiang Jinsheng Annuity Insurance has more insurance liabilities. It has set up special survival benefits, general survival insurance benefits, endowment survival insurance benefits, special care benefits, birthday benefits and death insurance benefits; its rights and interests also include policy loans and insurance reduction rights.

We understand the protection responsibilities of Fuxiang Jinsheng Annuity Insurance, but the protection content and payment conditions set by this product need to be carefully considered. Then I will explain it to you in detail below.

1. The insurance age range is narrow

I believe friends who have seen the insurance map should know that Fuxiang Jinsheng Annuity Insurance supports people from 28 days old to 53 years old. Compared with other products, this product does not fully consider the insurance age range; you must know that the corresponding settings for the same type of annuity insurance products on the market are generally from the 28th day of birth to 60 years old or 65 years old, especially some high-quality products set an upper limit of insurance age of 75 years old.

It can be seen that there are still many areas for improvement in the insurance age range of Fuxiang Jinsheng annuity insurance.

2. Other benefits are practical

To sum up, Fuxiang Jinsheng Annuity Insurance has a wide range of protection contents, and even the other benefits of this product are from "strength" , take policy loans as an example.

Policy loans can be understood as the insured applying to the insurance company for a loan with a valid policy within the coverage period, and the contract continues to be valid. If you need to use the rights and interests of a policy loan, you need to pay attention to the following two issues:

(1) The maximum amount of the policy loan cannot be higher than 80% of the net cash value of the contract at the time. The specific amount needs to be determined based on the approval of the insurance company.

(2) Half a year is the maximum period of each loan

After reading this, if there are friends who are interested in Taiping’s annuity insurance products, you must not read the following article. Missed:

"What protections does Taiping Fushou Jinsheng Annuity Insurance provide?" Is it worth insuring? 》

2. Is Fuxiangjinsheng annuity insurance worth buying?

After analyzing the protection content of Fuxiang Jinsheng annuity insurance, let’s take a look at the highlight of annuity insurance – income. Friends who want to configure annuity insurance products, I believe that everyone pays most attention to the income situation. How much income can you get?

The following is a 30-year-old Mr. Li who purchased a Fuxiang Jinsheng annuity insurance for himself. He chose to have a payment period of up to 10 years, corresponding to an insured amount of 100,000 yuan, and Mr. Li had no insurance when he was 88 years old. I will use the metaphor of death to show you the income calculation process.

1. Invest principal

When he was 31-40 years old, the premium Mr. Li needed to pay was 121,930 yuan per year. For 10 consecutive years, the total amount was 1,219,300 yuan.

2. Receive annuity

35 years old: Mr. Li can receive a one-time special survival insurance benefit of 121,930 yuan;

36 years old-59 years old: Mr. Li You can get 20,000 yuan of survival insurance every year;

According to the regulations of three different age groups: 60-69 years old, 70-79 years old and 80-88 years old, Mr. Li can In age groups, the amounts that can be obtained are 40,000 yuan, 60,000 yuan and 80,000 yuan;

88 years old: Mr. Li can get a one-time maturity bonus of 1,219,300 yuan.

Then the picture below is the actual income of Mr. Li:

After the calculation, Mr. Li can finally get an income of 1,841,230 yuan after the guarantee period, saving 1,219,300 yuan. The principal amount was 621,930 yuan, and the final net profit was 621,930 yuan, and the internal rate of return of Fuxiang Jinsheng annuity insurance was 2.73%.

In fact, the IRR value of 2.73% is not very good. Compared with the same type of annuity products on the market that can achieve an internal rate of return of 3% and above, the actual return of Xiangjinsheng annuity insurance is not very strong.

Generally speaking, Fuxiang Jinsheng annuity insurance has low cost performance, lacks protection, and the income is not very high, so it is not worth buying.

For friends who are looking for insurance with more comprehensive protection and greater practicality, I still recommend comparing other products. The senior sister has sorted out a lot of annuity insurances that are great value for money and have solid protection. You can choose and buy them here:

"Top Ten Annuity Insurance Rankings" ▏Want to buy high-yield annuity insurance? Don’t miss these 10 styles! 》

Write it at the end

I am a top student talking about insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not been resolved yet For your questions, you can also consult me ??on the official account Xueba Talk Insurance;

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

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