Save 40 thousand a year for five years in a row, and you will receive 5 thousand a year. Will you save it?

I won't save it, because this activity of "saving 30 thousand every year for five consecutive years" is not a deposit, but an insurance product. This seemingly cost-effective insurance product is actually not as cost-effective as regular savings. Details are as follows:

What did the bank do for a "good start"? To put it bluntly, banks make a "good start" by selling insurance. At the end of each year, almost all commercial banks will cooperate with insurance companies and vigorously sell insurance products. It's not that you can't buy bank insurance, but there are many traps. You must read the terms carefully. Like this, you have saved (or paid) 30 thousand every year for five consecutive years. After the sixth year, you can get 5 thousand yuan every year. This is a typical insurance delivery product, and the insured amount is increased by whole life insurance. Let's use my professional knowledge to offer you dry goods. What is whole life insurance with increasing insurance coverage?

1. At least five years.

The first condition of this product is that it must be delivered in five years. Payment due is the first necessary condition. If you ask, what if you have no money to pay for something on the road? Then don't buy it Because there is no payment period, early surrender is a loss of principal.

If you pay 30,000 yuan a year, you will surrender early in the first year, and the loss will be at least 1.2 million yuan. Surrender in advance in the second year, with a loss of at least 1 0,000. Surrender in advance in the third year, the loss is also around 1 10,000. Surrender in advance in the fourth year, with a loss of about 6000. Just like in whole life insurance, the insurance coverage is increasing, which is the same. The minimum amount is that payment must be due.

How can I get 5000 yuan a year after five years?

Strictly speaking, the use of "collar" is an illegal word and is not allowed in China Banking and Insurance Regulatory Commission, China. If you pay 40,000 yuan a year, you will pay150,000 yuan in five years. Five years later, starting from the sixth year, the annual insurance coverage can be reduced by 5000 yuan. This 5000 yuan can be regarded as your income. And your principal can remain unchanged at 1.5 million. What is this equivalent to? I used to save 40 thousand and 200 thousand every year for five consecutive years. Not interested at all.

Starting from the sixth year, your principal of 200,000 yuan will have interest of 5,000 yuan every year. Converted into annualized income, only 3.3%. There is no interest in the first five years, and you can earn 3.3% every year. After my simple explanation and calculation, what do you think of this product? It is estimated that nine out of ten people will think that this product is a pit with no bottom.

3. Comprehensive income of the insurance product.

All insurance products are long-term planning. If in a short time, there is almost no harvest. Even if there is, it is better to save a regular income. I have calculated for others before, so I might as well tell you that this kind of insurance futures product can be paid once a year for five consecutive years, and it can be guaranteed after five years. After ten years, the income will be about 2.5%. After 25 years, the principal can be doubled and the income is about 4.0%. You don't have to consider the ten-year income when you buy this product. If you want to get higher returns, it will take at least twenty years.

The closer the Chinese New Year is, the more careful you are when you go to the bank to save money. Since the end of each year, almost all banks are doing similar activities. As long as the teller of the bank opens his mouth, it must be a good insurance product. Because there are performance requirements, the task must be completed, otherwise the performance bonus will be deducted. Insurance products are dead in themselves and will not deceive people. But people can cheat, so can insurance sellers!

It is not excluded that some bank staff, in order to complete the performance, get the commission of insurance, and mislead sales without conscience. Long risks and short sales, deliberately not saying that there is a loss in early surrender. Exaggerate income, deliberately exaggerate income. If you really want to buy this product, you must read the terms carefully. If you are in doubt and find something wrong, you must surrender your insurance within the hesitation period of 15 days.

If it takes a long time, I find myself cheated in buying insurance. Don't panic, just complain directly to the CBRC. The closer the Spring Festival is, all kinds of ghosts come out. No matter where you save money, you should be more careful. Don't be greedy and cheap, and don't buy products you don't understand in order to get more gifts. There is no pie in the sky, only a trap.