Posted by 
In addition to recording assets, life insurance bills also record information about policyholders and beneficiaries.For every holding family,A life insurance bill is a very private asset document.In the Chinese-language Internet community, it is also rare to see the sharing of annual statements of American Cash Value Life insurance policies.
To help the Chinese-speaking public understand "What is a life insurance bill and what does it look like""What important information will the life insurance bill tell us",American Life Insurance GuideWith the assistance of community member agencies.
After obtaining the authorization and consent of an insured,North American Hummingbird LifeProvided an actual operating life insurance policy account file.The American Life Insurance Guide©️ has edited and interpreted this for the purpose of public insurance and financial education in the Chinese community.
/ What is the annual bill of American life insurance /
(A sample of annual billing documents for index insurance accounts, 8 pages in total, printed on both sides)
After opening a U.S. cash value type of life insurance account, the insurance company must follow the laws and regulations,Send annual insurance statements to policyholders at least once a year.
For different cash value insurance products, the format and layout of the billing file will vary.However, all kinds of key information of the insurance account will be marked in general, including the policyholder information, beneficiary information, and various numerical information related to this account.
Based on the information provided in the life insurance statement, professional insurance planning consultants can interpret and judge:
- Does the performance of the insurance account meet the expectations at the time of insurance planning?
- Is the insurance account currently operating in a healthy state?
- The current financial dividend or interest calculation strategy of the insurance account?
- What is the current premium strategy and amount limit of the insurance account?
- More…
/ Income and strategy of insurance account /
After receiving the life insurance account statement, the policyholder can learn the comprehensive information of the account from the account overview page.byAmerican Life Insurance GuideThe evaluationIndex insuranceTake the account statement as an example, as shown in the figure below.
(Comprehensive Information Sheet of Insurance Account Value)
What is the annualized rate of return of insurance?
As an insurance policy account with "asset management" as the design and management goal,The average annualized rate of return is a core indicator for evaluation.
This is a targeted "asset management" insurance. From the part of the above picture, we can seeFrom the effective date of the policy to the current billing dateAnnualized rate of return.
What is the financial management strategy of insurance?
The income of each policy is closely related to the choice and weighting of different financial management strategies.
The same insurance product,After professional maintenance and management, and regardless of these two situations,Under the influence of time and compound interest, there will eventually be a big gap in the income of the policy account.
This also answers the question that some policyholders are puzzled: "Why did my husband and I buy the same insurance product and pay the same premium? In the past few years, our policy account income has been different?"
(>>>Related reading:Evaluation｜$186 million less revenue!Is your insurance policy bought right?）
From the above billing picture file, we marked the financial interest calculation strategy and value of the policy account in red.
The bill file shows that the financial interest calculation strategy of the insurance policy is "1 Year High Cap Indexed Account", and the proportion of funds using this strategy is 100%.
According to the figure above, we can see that since the establishment of the policy index account,The financial interest calculation strategy has created an average yield of 12%.
(>>>Related reading:Popular Science Posts｜What are the 4 most common index financing strategies for American insurance? )
Insurance evaluation summary and postscript
For families seeking dollar asset allocation and dollar asset management, American financial life insurance assets can be an important part of the family wealth framework.
But the application and approval of American life insurance is only the first step to complete the insurance work.The annual health review of life insurance accounts and the regulation of management plans are even more a "long-term" and "professional" process.
Through communication and cooperation with professional life insurance planning consultants, we can help us correctly understand the health status of policy accounts, formulate adjustment plans at different stages, and risk prevention and control measures.
(>>>Recommended Reading: Evaluation｜Annual Revenue 13.75%, Interpretation of 2022 Common Problems in 1Q2 Insurance Account Statements (Figure))
(>>>Related reading:Evaluation｜2022 Q1 Index Strategy Return and Insurance Brand Ranking ）
/ Thanks /
The American Life Insurance Guide©️The evaluation team once again asked the insured who was willing to share the insurance financial account documents, and those who provided assistanceNorth American Hummingbird LifeThanks.
At the same time, we are also very much looking forward to the performance of this policy in terms of annual income and interest calculation in 2021-2022.After obtaining the following authorization and billing documents,American Life Insurance Guide©️ will also further track and interpret the performance of the account. (End of full text)
(>>>Related reading:Interview｜"I thought the decimal point (return rate) was wrong", the insured posted the 2020 insurance bill )
(>>>Related reading:Evaluation｜Can I still invest in American insurance when I'm almost 60 years old?How much does the annual premium cost?)
