How to choose insurance after American immigration

After immigrating to the United States, you should choose the insurance that suits you, or you can consult Berino immigrants.

The first type: All Risks

All-insurance means that the insurance company pays dividends regularly according to the company's profitability, and the amount of dividends is not fixed. As time goes on, the cash value in insurance will increase. The premium to be paid is basically fixed, there is not much flexibility, and the premium is relatively expensive. The bumper box is small.

The second type: term life insurance.

This kind of insurance only covers a certain period, such as 10 years, 15 years, 20 years and 30 years. This kind of insurance is temporary and mainly provides death compensation. If the insured dies within the time limit, he can pay compensation. However, if the insured dies after the expiration of the time limit, he cannot claim compensation.

The third type: universal insurance

Universal insurance policy has great flexibility and can be paid at any time. The cost can be more or less, but it should reach the minimum payment level. It also has a cash value and a fixed annual rate of return. Like all risks, it is a conservative product with low yield.

The fourth type: investment-oriented universal insurance.

This kind of insurance evolved from universal life insurance. The key difference is that customers can choose to invest different funds in the insurance policy, so as to get the corresponding return on investment. The world is not capped, and the income does not have to be taxed. But there is no guarantee at the same time. If the cash account loses too much in the financial market, the insured may need to replenish more cash to maintain the effectiveness of the insurance.

The fifth type: index universal insurance

This kind of insurance evolved from universal life insurance and is linked to the trend of the S&P 500 index. Sometimes it can be compared with Hong Kong Hang Seng Index or European Index. Compared with investment-oriented universal insurance, this kind of insurance has a guaranteed design. Even if the index falls, the cash value will not lose money.