What is the universal account in insurance? How's it going? Meaning?

Brother Bao said insurance, focusing on insurance evaluation! The comprehensive comparison table of 36 popular products such as universal insurance *** 100 is here.

In fact, a universal account means that the insurance company makes a second investment with part of your premium and then gives you interest, just like you deposit money in the bank to earn interest. Universal accounts are generally only available in financial insurance, such as universal insurance and annuity insurance. Universal insurance is one of the most complicated types of insurance, and many people don't understand it. Today, I will tell you what universal insurance is. What's the use?

Universal insurance is a kind of insurance that integrates investment income, death protection and major illness protection, and one policy has multiple guarantees. Buying universal insurance ensures correct financial management. Such products have been favored by everyone, but can universal insurance really have universal protection? This product is not necessarily good, and it has not reached a good guarantee. The following questions are also common:

For example, the premium to be paid is very expensive, but the cost performance is not high. It is possible that the insurance products in the universal insurance will be several times more expensive than those purchased separately; And it seems that everything is insured, but the upper limit of insurance coverage is not high at a time. Generally speaking, we pay the most attention to the amount of insurance, and the insurance with high amount of insurance is valuable; In addition to these two points, there are these details, and I won't tell you unless I tell them. Space is limited, more details can be found here.

Let's look at the benefits of universal insurance. At present, the guaranteed interest rates of tens of thousands of energy insurances on the market are not higher than 3% and not lower than 1.75%, which generally fluctuate between the two. In addition to the fixed guaranteed interest rate, there will be some income determined according to the operating conditions of insurance companies, but this part of income is uncertain. Generally speaking, this kind of products have low income and weak financial management function, which is far less than annuity insurance. A friend wanted to buy annuity insurance before, and I helped sort out the new list! Top Ten Insurance Companies in China

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According to the above contents, we can know that insurance products such as universal insurance can be guaranteed and invested, with diverse functions, but in many cases, the more functions, the less professional insurance protection. We can buy insurance according to this idea: first improve the guaranteed insurance products, and then consider financial management when we have more money.