Is life-long endowment insurance worth buying? Calculation method of yield of life-long endowment insurance
Sihai network: pension insurance has always been a topic of social concern, which is related to the interests of many people. Recently, Alipay launched the nationwide maintenance of old gold, giving people an option of old-age insurance. So how to calculate the yield of lifelong endowment insurance for the whole people? What about Alipay's life insurance for the whole people? Let's have a look.
Is it good for the whole people to maintain the old gold
Alipay's life insurance for the whole life is a bonus pension insurance. After paying a certain premium, the insured can get pensions to life at a certain age. In addition to a fixed minimum return, the monthly bonus will be distributed according to the investment income of the insurance company.
This product has the following benefits:
1. Low threshold: you can insure at least 1 yuan. You can increase the premium at any time before you receive the pension. You can invest up to 199999 yuan. However, the later you invest, the lower the income you can get. You can finally get 1200 yuan if you invest 200 at the age of 30, but you can only get 300 yuan if you invest at the age of 50.
2, convenient access: pension maturity automatically distributed to Alipay account.
3. Monthly Dividend: additional dividend income can be obtained every month according to the investment income of the insurance company. It looks good, but in fact, if you calculate it carefully, you will find that it is not cost-effective at all.
Yield
Assuming your current age is 29 years old, if you insure 200 yuan and your life expectancy is 80 years old, you can receive 1210.26 yuan by the age of 80, which seems to have increased six times, but the actual rate of return is very low. Assuming the yield is x, then 200 * (1 + x) ^ 51 = 1210.26 yuan, you can get x = 3.6%, that is, if you insure this product, your annual yield is 3.6%.
If you pass away before you get the death, Alipay will return all the money. Once you receive it (for example, 60 years of age, 61 years of age, you are dead), so you have to live at least 80 years of age to ensure that the annual yield of 3.6%. Consider inflation again. What do you think is worth 1200 yuan after 50 years and 200 yuan now?
Perhaps people with insurance will come out and say that 1200 yuan is not returned to you at the age of 80, but can receive a pension at the age of 60, and the dividend will be paid every month. However, please note that at 4 points in the interest demonstration of payment insurance, the data of cumulative dividend is that you do not withdraw cash after dividend and accrue interest with monthly compound interest. The above 786.26 yuan will not be available until you are 80 years old. If you pay dividends monthly and have no compound interest investment, it is estimated that you can't even get 300 yuan of dividend by the age of 80.
The only inaccuracy in the above calculation is the annuity, because the annuity is withdrawn annually after the age of 60, with 21.2 yuan a year. This 21.2 yuan is indeed possible to continue to invest. We assume that after you get 21.2 yuan a year after the age of 60, you don't consume and immediately invest in a product with a yield of 4%. This is equivalent to a fixed investment: deposit 21.2 yuan per year, with an annualized rate of return of 4%, for a total of 20 years. Then the total principal and interest after 20 years: = 21.2 * {(1 + 4%) * [(1 + 4%) ^ 20-1]} / 4% = 656.54 yuan. 232.54 yuan more than the original 424 yuan.
To sum up: you invest 200 yuan at the age of 29 and then invest after receiving your pension at the age of 60. Then by the age of 80, the total funds you can obtain are: 656.54 + 786.26 = 1442.8 yuan, more than 7 times, which seems very high, but the detailed calculation of the annualized rate of return is: 200 * (1 + x) ^ 51 = 1442.8 yuan, x = 3.95%, less than 4%.
According to the above rate of return and data, the life insurance pension is also a very good investment project, if interested friends can go to Alipay to understand clearly. In fact, buying endowment insurance is a very normal thing. After all, who knows what will happen in the future.