I bought a safe and lucky endowment assurance, paid for eight years and managed for eighteen years. After the expiration, I can also convert it into an annuity. What I asked was that an annuity is end

I bought a safe and lucky endowment assurance, paid for eight years and managed for eighteen years. After the expiration, I can also convert it into an annuity. What I asked was that an annuity is endowment insurance. ... did the salesman recommend this lucky luck as endowment insurance? In fact, this is more like an 18-year fixed deposit certificate. I am afraid that the income is not as good as the bank's fixed deposit, but the advantage is that there is unexpected protection within 18 years. Normally, when this product expires in 18 years, you will get back all the principal plus 8% interest (for example, the accumulated premium is 5, yuan, and you will get back 54, yuan after 18 years, which is not high). If it is converted into an annuity, that is, the money will not be taken out at once, but will be paid a little every year. If you are less than 6 after 18 years, the expected life span will be very long, and accordingly, you won't get much money every year.

it's a bit far-fetched to call this product a pension.