What's the difference between universal insurance and dividend insurance?

Universal insurance and dividend insurance are both types of insurance products related to financial management. The most obvious thing is the different design types of products. Generally speaking, dividend and universal accounts will not exist separately, but will be sold together with other products, so we will see that some products will be marked with dividend and universal, such as dividend annuity insurance and universal annuity insurance; The income expectations of the two companies are different. The dividend income of dividend insurance is uncertain, which is generally indicated in the contract terms. The annual dividend income may be 0, and the income of universal account is uncertain, but generally the lowest guaranteed rate of return is set, such as 3% and 2.5%. If you want to know about financial management-related insurance products, you can also read this article: What is the difference between dividend insurance, universal insurance and increased whole life insurance? Which is economical to buy?

Let's talk about dividend insurance first, that is, part of the profits generated by dividend insurance products of insurance companies throughout the year are distributed to the insured according to the share ratio as "distributable surplus". However, it does not mean that the insurance company will definitely get the money if it makes money. Insurance companies have their own set of calculation systems, so there is a situation in the dividend insurance contract that "the policy dividend is uncertain and the dividend income may be zero". Dividend insurance is quite complicated. Here, I want to share your super comprehensive popular science article: What the salesman won't tell you about dividend insurance.

Let's take a look at universal insurance. Generally speaking, it is a life insurance with insurance protection function, investment account and guaranteed income. Generally speaking, we think that universal insurance can do everything: it can be accessed flexibly, such as increasing premiums and refunding money. But we need to pay attention to the initial cost and guarantee cost of universal account. Regarding universal insurance, this article is written in great detail, and it is suggested to collect it: use universal insurance to manage money, and the income is stable and safe? Universal insurance from the beginning!

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