Posted by In the Q&A column, policyholders are concerned aboutlife insurance", one of the most asked questions is: "Term life insurance和Whole life insuranceWhich is better, and what should I pay attention to? "Therefore,American Life InsuranceThe editor of Guide.com once again extracted the views on this issue for the reference of policyholders:
To share from the perspective of a professional, term life insurance is just "Insurance",belongconsumer goods, No cash value is generated.
But whole life insurance, except for "Insurance"Besides, it's also a "金融"tool.And what most people like is precisely its use as a "financial" tool.
Therefore, both "insurance" and "financial" toolsNot comparable at all.
If you have to answer this question, the simplest answer is:Life insurance is good.
The premise of this answer is that you are not short of money, and you want to be guaranteed for life, and have a long-term family financial plan.
If youSmall budget, I am at homeMain source of income, There are mortgages or other loans, and the burden of raising children and taking care of the family,Work is risky, That term life insurance may be the most suitable at present.
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The reason is:Low cost.Compared with the premium of whole life insurance, the premium of term life insurance can be almost 1/10 to 1/8 of the total amount of life insurance for the same amount of insurance.
The reason why life insurance is good is that it is based on the social development and the expectation that your life will be better.
It’s true that term life insurance is cheap, butTerm life insuranceOnce it expires, consumption has ended.At that time, at least 10 years and 20 years have passed. If you want to buy a term life insurance, the premium will rise sharply.The only advantage of term life insurance:The price is cheap, it’s gone.In addition, at that time, I would buy whole life insurance again, or consume term life insurance again, because the factors that caused the increase in premiums due to the increase in age were not mentioned. Whether the insurance can be successfully applied becomes a problem.
Generally speaking, physical health declines with age, and physical health is also one of the criteria for evaluating whether an insurance company is willing to contract.If you suffer from some diseases in your old age, or have historical medical records, contracting is a problem at this time.
Therefore, from a long-term perspective, buy whole life insurance when you are young in advance, enjoy the relatively low premiums corresponding to your health when you are young, and wait for the cash value in life insurance to have enough time to accumulate compound interest to offset Long-term annual premiums complete a healthy financial internal cycle of the policy.
Let’s compare it with a more extreme specific case sharing. Two insured persons purchased at the age of 23 (female) and 33 (male).Index insurance.
The former pays 400 yuan a month with an insured amount of 100 million yuan, while the latter 400 yuan a month with an insured amount of less than 50 yuan.There is a difference of 50 yuan between gender and age factors.
This is the difference between the age of insured and the difference between buying the same whole life insurance product.
