In order to facilitate your understanding, the following seniors will analyze it for you.
This insurance knowledge is indispensable. If you want to know more, you can click on this article to understand:
"Super complete! Everything you want to know about insurance is here.
First, the difference between pre-birthday insurance and post-birthday insurance
Insurance before birthday:
Let's take Wang as an example. Before his 29th birthday, Xiao Wang Yidan bought the Zeng 1 whole life insurance, which has been handed down from generation to generation. He has to pay 654.38+million yuan every year for five years, and the corresponding insurance coverage is 376,900 yuan.
After-birthday insurance:
They are all the same person, Xiao Wang. If Xiao Wang is insured at the age of 30 after his birthday, he will have to pay 65,438+10,000 yuan every year. If he pays for five years, the insured amount will be 378,000 yuan.
Let's look directly at the income comparison chart:
1, different coverage.
According to the above figure, if the payment period is the same as the annual premium, just because the insurance age is different, then the corresponding insurance amount is also different.
It can be calculated that the insured amount before the birthday is 376,900 yuan, and if it is insured after the birthday, the initial estimated insured amount is 378,000 yuan.
Then the coverage difference is 1 100 yuan.
Don't think that it doesn't matter if the difference in coverage is 1 100 yuan. You should know that this product belongs to the incremental whole life insurance, and the so-called incremental means that the insured amount can be increased.
If you still don't know what whole life insurance's friends are, click to read this article:
"Who can manage money in whole life insurance, and who can preserve capital and increase value?" ? Is it worth starting with? 》
On the other hand, the growth rate of whole life insurance insurance coverage of Black Hand 1 is 3.8%, and it will be more prominent if the initial insurance coverage is higher.
However, Senior Sister wants to tell you here that the most important thing for us to buy whole life insurance is its cash value, not the insured amount.
After all, the later cash value will far exceed the insured amount.
2. Cash value and internal rate of return are different.
I can also see from the comparison chart above that if you insure before your birthday, the cash value from 1 policy to the sixth policy is not as high as the cash value insured after your birthday.
However, from the seventh policy date, the cash value insured before the birthday is higher.
But if we look closely, we can see that on the 9th and 3rd1effective dates, their cash values are consistent again.
So let's assume that if Xiao Wang dies on 5 1 policy date, the cash value difference between pre-birthday insurance and post-birthday insurance is only 100 on 5 1 policy date.
At the same time, from the perspective of internal rate of return, we can also know that the purchase before birthday is 3.5493%, and the purchase after birthday is 3.5492%, and the rounding is basically the same.
From this, we can also know that the cash value and internal rate of return are almost the same, and there is almost no difference, whether it is bought before or after birthday.
Second, the senior summary
The above tells us that it is basically the same whether you apply for insurance before your birthday or increase your life insurance amount after your birthday.
So there is no need to care too much about whether it is better to insure before or after the birthday, but after analysis, it can be seen that this product is still worth buying.
From the beginning to the end, the senior sister felt that everyone would still pay attention to the insurance products themselves. If you are still unfamiliar with this product, you can click on this article to understand:
Is it worth starting to prolong the life of Hengqin No.1 handed down from generation to generation? 》
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
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I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
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