If the insurance company goes bankrupt, what about the annuity insurance bought in their company?

In fact, this is a big joke for the insurance industry, mainly because the auditing system of financial institutions in China is very strict, especially for the insurance industry. The requirement for its solvency is very high. Unless there is a big problem, in general, it is very difficult for an insurance company to close down. Even if there is a serious problem in its operation, the country cannot stand by and watch. After all, this involves the lifeline of many people, so I don't feel too worried about this issue, but there is still room for discussion.

first, even if it goes bankrupt, you can get your own annuity.

At the beginning, I lost, too. The solvency of the insurance company is very high. If the company really goes bankrupt, if you realize that the annuity insurance exists in the universal account, you can still get a guaranteed interest rate. Although it is not as high as the actual interest rate when the contract was signed, at least you can get back the capital. So from this point of view, even if the insurance company goes bankrupt and finally the guaranteed interest rate is given to consumers, you can still get a certain percentage of compensation in the end.

second, what kind of losses will you have if this happens?

Because if the insurance company really goes bankrupt, you can only get a guaranteed interest rate. If you choose a high-grade interest rate when you buy annuity insurance before, your loss is still very large. After all, you can only get tens of thousands of dollars or even hundreds of thousands of dollars in the end. And this can be compensated first, so there is no problem with the safety of your own funds at that time.

thirdly, what if the insurance company directly goes into bankruptcy proceedings?

If the insurance company does have serious problems and goes directly to bankruptcy liquidation, it needs to be reviewed by China Banking and Insurance Regulatory Commission, a subsidiary of the State Council. Then re-calculate and review the property within the company, but in fact, this money has little to do with our consumers, because before that, insurance institutions must put a considerable amount of funds in third-party regulatory agencies.