1. The payment pressure is reduced. For the same amount of insurance, the longer the payment period, the lower the annual premium. On the other hand, if the annual premium is the same, the longer the payment period, the more insurance you can buy and the higher the protection.
2. Realize the safeguard function. For example, a health insurance with an insured amount of 654.38 million will be paid for 30,000 years every year. If something goes wrong in the second year, you can still pay 65,438+million, but you only paid 6,000. If you choose to pay 10 year, you have to pay 6000 yuan every year, the same as the second year.
You can take extra risks for a longer time. Some additional risks (especially accident insurance and general medical insurance) are usually one-year, and you can't bear additional risks after paying the premium of the main insurance.
4. Free of premium: If settlement is made during payment, the remaining premium will often be exempted.
If it is financial insurance, paying a certain premium in the shortest time will generate greater benefits.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.