China China Life Xinyue Yisheng Social Security Upgrade

1. Xinyue Life Annuity Insurance (dividend-sharing type) Additional Xin Account Portfolio (Premium Edition) is a public product of China Life Insurance Co., Ltd., which belongs to the old-age life annuity insurance with a predetermined interest rate of 2.5%.

Two. Insurance liability During the insurance period of this contract, the Company shall bear the following insurance liabilities: 1. Annuity. If the insured survives to the corresponding date of the effective date of this contract year, the company will pay an annuity according to the basic insurance amount every year. Two. Care fund The insured survives until the care fund collection date agreed in this contract, and the company will pay care fund (excluding interest) according to the insurance premium paid in this contract. Three. Death insurance money shall be paid from the effective date of this contract to the date of receiving care money. If the insured dies, this contract shall be terminated. When the insured dies, the Company shall pay the death insurance premium according to the greater of the following two:

1. Insurance premium paid in this contract (excluding interest);

2. The cash value of the contract.

If the insured dies within 20 policy years from the date of receiving the care fund, the Contract will be terminated, and the Company will pay the death insurance according to the greater of the following two at the time of the insured's death:

1. The difference between the total annuity payable under this contract within 20 policy years from the date of receiving the nursing fund and the annuity paid since the date of receiving the nursing fund;

2. The cash value of the contract.

If the insured dies after 20 policy years from the date of receiving the nursing fund, this contract will be terminated, and the company will not be responsible for paying the death insurance money.

Third, if you apply for insurance for your future retirement, it is recommended to save some according to your family's economic situation.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.