1. High security

 Annuity insurance is very safe. The annual annuity paid by the insurance company and the final payment of the universal account is written in the contract terms, which is very safe, and each insurance company is responsible for the guarantee of the reserve withdrawal system, even if the insurance When a company goes bankrupt or goes bankrupt, the rights and interests of annuity insurance purchased by everyone are still protected. Moreover, in our country, the establishment of an insurance company is very strict. Similarly, it is not easy to go bankrupt or go bankrupt.

 2. Strong stability

The payment and receipt of annuity insurance are carried out according to the terms of the contract. Because annuity insurance is long-term, it is very suitable for old-age pensions or education funds for children. After retirement, it can guarantee a stable pension or make children’s education more secure.

Insurance annuity insurance, to determine wealth safety, to determine wealth appreciation, to determine the use of wealth, to determine wealth distribution, to ensure that wealth is not affected by marriage and debt disputes, the function of annuity insurance is to make these determinations certain.

 3. Support policy loan

Another function of annuity insurance is the policy loan. If you encounter financial problems, you can apply for a loan with the policy. Generally, the maximum loan amount can reach 80% of the cash value of the policy. The benefits of the policy are still valid during the loan period. Effectively alleviate the problem of financial constraints.

What are the disadvantages of annuity insurance?

No one is perfect, and neither is insurance. Therefore, annuity insurance also has its own shortcomings, which are as follows:

 1. Higher premiums

At present, the annuity insurance on the market ranges from tens of thousands to tens of millions. For an ordinary family, it is still difficult to spend hundreds of thousands to buy insurance. Therefore, relatively speaking, the insurance premium threshold of annuity insurance is relatively high, and it is suitable for people with a sufficient budget to purchase insurance.

 2. Weak security function

Most of the annuity insurance on the market today cannot provide additional protection for critical illness, medical treatment, etc., and generally provide death protection. Death liability is the money that can be obtained at the time of death. Different annuities have different regulations on death liability. Some pay premiums and some pay cash value. In short, the protection function of annuity insurance is relatively simple. Therefore, it is recommended that you prioritize protection-type products, such as critical illness insurance, accident insurance, medical insurance, life insurance, etc., and then consider configuring annuity insurance if you still have a budget after the basic protection is improved.

Annuity insurance has its bright spots as well as its shortcomings. Whether or not to buy it depends on the individual’s situation. Some people buy annuity insurance as a very good guarantee, while others can only buy it to increase the burden on themselves. Of course, if you have spare money, buy some annuity, no matter what your future is like, whether you are richer or bankrupt, you will have a sum of money that can be used for retirement to protect your old age. After all, life today There is still a lot of pressure, and there is always a sum of money to ensure the safety of funds to make Noah’s Ark for life!