Is China Life Hongfu Supreme Annuity Insurance worth recommending? Is it cheap?

If you buy annuity insurance to get higher income, I advise you to stop quickly.

Because the state stipulates that the predetermined interest rate of annuity insurance should not exceed 4.025%, such products are a means of stabilizing property, which is not much different from depositing money in the bank.

It is even said that the yield of some products is far from the regular interest rate of banks.

What is the yield of China Life Hongfu Supreme Annuity Insurance (dividend type)? Is it high or low? Let's have a preliminary understanding.

I. Analysis of Hongfu's Maximum Guarantee Content

The protection content of Hongfu Supreme is really easy to understand. Income and death protection are two main parts. Income includes annuity survival insurance and expiration. For details, let's take a look at the following figure:

Let's discuss the guarantee content of Hongfu Supreme first and find out what its advantages and disadvantages are.

Advantages:

1, flexible payment period

Hongfu's ultimate payment method can be divided into 3/5/ 10 years. We can choose one at will according to our actual income and future plans.

Generally speaking, the longer the payment period, the better the product, because the longer the payment period, the lower the annual premium, so our hearts will not hurt like blood.

However, we have to pay early and pay late. The money we put into annuity insurance will not be used for a while, so how to pay in the end depends on our own choice.

2. Support annuity conversion

The so-called annuity conversion means that the insured's contract takes effect after the insurer agrees, thus converting the obtained insurance money into another annuity insurance.

After Hongfu Supreme Policy expires, you still want to get the maximum benefit. You can submit an application to exchange the insurance money for other products, which is quite convenient without going through the formalities of insurance and audit.

Insufficient:

Death guarantee is not strong.

Hongfu Supreme's death protection only returns the paid premium, and for the same type of products, most of them have extra compensation or take the larger one (premium, insured amount and cash value).

For the pillar of the family, once he dies unfortunately, his daily expenses, children's education expenses, mortgage and so on. It could all be lost.

There are still many shortcomings in Hongfu Supreme's death guarantee.

However, as I said before, when buying annuity insurance, we must pay attention to its yield, so the quality of Hongfu Supreme is relatively unimportant. What matters is its rate of return.

Second, Hongfu's supreme rate of return is exposed!

Analysis Taking a 30-year-old male, 10 year and annual premium 10000 yuan as an example (the basic insurance amount is 24820 yuan), IRR is calculated, and the specific results are as follows:

In the end, the IRR of Hongfu Supreme is only 2%, which is still relatively low compared with the bank's fixed interest rate (2.75%). Even if Hongfu Supreme grows with compound interest, there is no such big gap.

For example, some annuity insurance yields are very high, and IRR can reach 3% or even 4%. Hongfu Supreme is really a little pitiful:

"Preference for high-yield annuity insurance? This 10 is a great value! 》

At this time, a friend wondered, "This is very strange for you. This is not the only dividend of Hongfu Supreme, is it? Moreover, a universal account is provided! "

Don't worry, everyone, listen to me slowly ~

1, dividend issue

The so-called dividend is that the insurance company will extract a part of the company's disposable surplus every year and distribute it to the insured.

The sources of dividends of insurance companies include three aspects: dead difference, spread and fee difference.

In other words, of course, the dividend income is matched with the actual business volume of the insurance company, which is not capped, but there may be no dividend.

In addition, the funds and profits of dividend insurance companies are not open and transparent, and these arrangements are handled by insurance companies themselves. From this perspective, insurance companies still have many roles to play in dividends, which can be athletes or referees.

Why is the complaint rate of dividend insurance so high? Let's decrypt it now.

2. General account

A universal account is similar to a survival fund (annuity) given to you by an insurance company. If you are not in such a hurry to use it, I suggest you deposit it in a universal account to realize appreciation.

Guaranteed rate of return, mid-range interest rate and high-grade interest rate are the three interest rates of universal account. In addition to the above, insurance companies also have actual settlement interest rates.

When all the universal accounts and new products are sold, the settlement interest rate is still quite high, about 5%. But with the passage of time, this settlement interest rate will change with the change, from 5% to about 3%-4%.

At the end of the day, senior now shares her pit avoidance guide with you to help you avoid the pit of annuity insurance:

If you learn this method, you can avoid the 99% pit of annuity insurance.

Write it at the end

I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not solved your problem, you can also come to the official account of WeChat to learn to bully and say that insurance consulting me;

I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.

WeChat official account: Xueba said that insurance costs less, buy the right insurance!