During the period of insurance success, insurance companies will launch a number of annuity insurance products. Many consumers will choose this period to buy annuity insurance to meet their financial needs. So is annuity insurance worth buying? What are the advantages and disadvantages of annuity insurance? Let's learn about it with Xiaobian.
The advantages and disadvantages of annuity insurance
1. Advantages of annuity insurance
(1) Principal security
Compared with stock, bank financial products and P2P products, financial insurance is more secure. The principal is generally not lost. If the insurance company goes bankrupt, the CIRC will appoint a powerful insurance company to accept the offer, and the customer's policy will not be invalid.
(2) Solve the problem of capital turnover
The annuity insurance policy can be used for loans, and the loan limit is generally 80% of the cash value of repayment, which can help customers solve the problem of capital shortage, and the policy is still valid during the loan period.
(3) Can be used as endowment supplement and children's Education Fund
The most specific stage requires the most basic cost demand, which is the so-called rigid demand. The income of annuity insurance is positive income, which can be used to meet future demand.
2. Disadvantages of annuity insurance
(1) Premium is more expensive
Annuity insurance needs a lot of premium in each period, which is tens of thousands of yuan. It's not enough for ordinary families.
(2) Low interest rate
Many annuity insurance in the publicity, there will be exaggerated interest rates for payment, so as to attract consumers to buy. But the actual calculated income is not as high as the propaganda materials.
(3) Vulnerable to inflation
Annuity insurance is difficult to resist the risk of inflation, and the inflation rate of the nest ditch is still rising, which may lead to currency devaluation.
Suggestion: investment and financial management must be reasonable, starting from their own actual situation, do not blindly follow the trend.
This is all about the advantages and disadvantages of annuity insurance. I hope it can help you.