What are the advantages and disadvantages of China Life Hongfu Supreme Annuity Insurance? Is it worth buying?

It's time for new product evaluation again. This time, I bring you a new product of China Renshou-Hongfu Supreme.

It is said that this product has a high income, and it belongs to "buying is earning" for those who pursue high income.

Is Hongfu Supreme really that good? Friends who are interested in buying this product suggest reading this article first. I believe you will calm down.

For those who are in a hurry, take away the focus of the evaluation: What is the profit of "China Life" Hongfu Supreme? I was dumbfounded after reading it.

I. Analysis of Hongfu's Maximum Guarantee Content

The guarantee content of Hongfu Supreme is easy to understand, including income and death protection, in which income is divided into annuity, survival fund and maturity fund. Let's observe the following picture:

Let's discuss the guarantee content of Hongfu Supreme first and find out what its advantages and disadvantages are.

& gt& gt advantage

1, flexible payment period

Hongfu Supreme has three payment methods, namely, 3-year payment, 5-year payment and 10-year payment. You can choose one that suits your own situation according to your actual income and future planning.

2. Support annuity conversion

The so-called annuity conversion means that the insured's contract takes effect after the insurer agrees, thus converting the obtained insurance money into another annuity insurance.

If you want to get more benefits after the expiration of Hongfu Supreme Policy, you can apply for changing the premium into other products, which saves the formalities of insurance and audit, which is still very convenient.

& gt& gt insufficient

Death guarantee is not strong.

Hongfu Supreme's death protection is only to return the premium paid. Most of the products of the same type are paid extra or with larger (premium, insurance amount, cash value).

For the pillar of the family, once he died unfortunately, the daily expenses of the family, the education expenses of the children, the mortgage and so on. It has become a big expense.

Therefore, compared with other products, Hongfu Supreme's death protection is not enough.

In fact, as I mentioned earlier, the most important thing to buy annuity insurance is its rate of return, so what matters is the actual situation of the rate of return.

Second, Hongfu's supreme rate of return is exposed!

Taking a 30-year-old male as an example, the annual payment is 10, and the annual premium is100000 (the basic insurance amount is 24820 yuan), and the IRR is calculated. The specific results are as follows:

After calculation, we can know that the IRR of Hongfu Supreme is only 2%, which is not as high as the bank's fixed interest rate (2.75%). Although Hongfu Supreme is growing with compound interest, it has been shelved a lot.

For example, some annuity insurance yields are very high, and IRR can reach 3% or even 4%. The gap between Hongfu and Supreme is a bit big. So much for Hongfu's supreme income. Friends who pursue high-yield annuity insurance suggest choosing other products: "Have a soft spot for high-yield annuity insurance? This 10 model is not to be missed! 》

Some people here may ask, "This is very strange. This is not the only dividend of Hongfu Supreme, is it? What's more, I added a universal account! "

Don't worry, everyone, listen to me slowly ~

1, dividend issue

The so-called dividend is that the insurance company distributes part of the company's profits to the insured in the form of dividend every year.

Dividends of dividend insurance companies mainly come from three aspects: dead difference, spread and fee difference.

It can also be said that the dividend income matches the actual operating amount of the insurance company, which is not capped, but there may be no dividend.

In addition, the dividends and profits of insurance companies are opaque. How much income there is, how to distribute it, and how much everyone can pay dividends are all decided by the insurance companies themselves.

2. General account

Universal account is equivalent to the survival fund (annuity) returned by the insurance company. If you are not in a hurry to withdraw, you can put this money into a universal account to realize compound interest and appreciation.

There are three kinds of interest rates in general universal accounts, namely guaranteed rate of return, mid-range interest rate and high-grade interest rate. In addition, the company also has the actual settlement interest rate.

When all universal accounts and new products are on sale, the settlement interest rate is very high, almost around 5%. Will this settlement interest rate remain unchanged? No, it will decrease over time, but the final interest rate will remain around 3%-4%.

How to avoid the pit when buying annuity insurance? Just look at this dry goods: "Learn this trick and stay away from the 99% pit of annuity insurance"

Write it at the end

I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not solved your problem, you can also come to the official account of WeChat to learn to bully and say that insurance consulting me;

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

WeChat official account: Xueba said that insurance costs less, buy the right insurance!