Posted by (American Life Insurance Guide 06/29/2019 News) According to the reinsurance consulting company Gen Re, 25American Life Insurance CompanySurvey shows thatAmerican life insurance companies are obviously reluctant to promote the sale of new group term life insurance products.
Add groupTerm life insuranceThe number fell by 7%, and the new insurance coverage fell by 5%.Fell to$25 billion.
In the personal term life insurance market, according to LIMRA 2019-2022 Market Outlook ReportIt is predicted that in the next few years, the growth of the term life insurance market may stagnate.
The insured does not like term life insurance?
Nothing like that.According to the market survey in Q2018 3,Term life insurance’S personal market share has been stable at around 21% for a long time. From the perspective of market trends,Market share of term life insuranceIt has been saturated for a long time.
A cheap and sufficient term life insurance recommendation
Term life insurance can be said to be the top spot for protection insurance.All along,Term life insuranceProven to be an effective protection tool to help families who need insurance during a certain period of time.
usually,As long as you have a high income, large debt, and a period of time that your family needs most, you can save it.Purchase term life insurance, It is generally recommended to be 50 or 60 years old, and basically not more than 65 years old.
Term life insuranceThe core competitiveness is,Low price, high leverage.It is completely possible to "spend a little money and buy a big guarantee".
American Life Insurance GuideCommunityChinese agent agent HeatherSaid that she recently helped a mother from California applyTerm life insurance : A 20-year "medical examination-free" policy with a coverage of USD 50, Covering major diseases, major injuries, chronic diseases and death claims and other comprehensive protections, and finally underwritingCost less than $30/month, The price is already lower than the monthly membership fee of the 49 Hour Fitness gym of $24 yuan.
She said that under the high comprehensive social risks in the United States, she provides a guarantee for herself and her family.In fact, this is no longer a question of "can afford it", but a question of whether insurance concepts and knowledge are popularized in a Chinese society.
Recommended application of term life insurance / Term
Term life insuranceIt is the oldest form of life insurance.It provides people with the necessary protection at an affordable price.The feature of lower premium, It has great advantages for individuals and families who need a period of temporary protection.Generally, term life insurance is suitable for the following two types of families:
- Highly indebted households, such as households with loans for housing
- A pillar family where one spouse works and the other takes care of the family full-time
In the past, once the pillar of the family died in any accident within 20-30 years, there was often no way to continue to bear the mortgage or pay the expenses of the entire family.
But with the development of American insurance products andPopularization of ideas, With specificWelfareOfTerm life insurance products,alsoYesMajor diseases, Such as cancer, heart disease and other characteristics.When unfortunately suffering from a serious illness and unable to continue to work to pay the mortgage during the treatment period, a claim payment from such an insurance policy can prevent the house from being auctioned off by the bank, help repay the debt, and support the family to tide over the financial difficulties together.
No increase in volume!3 experience sharing recommendations for applying for term life insurance
Term life insuranceYou can apply for insurance directly through face-to-face, telephone, internet, etc.Insured persons with different physical and health conditions, throughInsurance broker or agent, Will get a preliminary quotation, after the actual underwriting of the insurance company is passed, the final price and contract can be finally obtained.
OnPurchase term life insuranceOn the one hand, in the current situation of competition in the insurance market and the continuous evolution of insurance concepts, the price is almost the same. You can apply for the "increase without price increase".Term insuranceproduct.In this case, it costs a few yuan a month to get more protection options, and it is naturally the first choice for the insured to consider.
forTerm life insuranceFor this type of consumer protection insurance, the community shared 3 core experience recommendations:
- Purchase major diseases, major injuries, chronic diseases, etc. without additional expensesLiving benefitsTerm life insurance with additional terms
- Purchase term life insurance with additional terms that can be converted into whole life insurance products
- Purchase insurance from an insurance company that specializes in life insurance business
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