What do these policies mainly cover?
Answer:
The price of Hongxiang 04 is:1230 - the insurance is: death within 20 years, the full amount of benefits at the time of death. 20 years without death, the full amount of benefits at the end of 20 years
Hongxiang Critical Illness:50 - the occurrence of major illnesses, the early payment of benefits
Waiver of the insurance is not required, but it can be used to cover the cost of the insurance. --- In the event of a major illness, early payment of benefits
Waiver of Critical Illness:150 ---- After the occurrence of a major illness, exemption from payment of premiums for the subsequent period. (Insurance continues to be valid)
Additional short-term insurance:160 ---- 80% reimbursement for hospitalization, and full reimbursement for accidental injuries that actually cost more than $100.
What are the circumstances under which this insurance can be used?
Answer:The insurance responsibility is as above:
Accident (not death) occurs within 20 years, insurance claims. 20 years end of the full amount of the insurance benefit.
Death occurs within 20 years, the insurance claim is paid in full and the liability is terminated.
If I don't take out the insurance now, can I get back the money I invested before?
Answer: The original plan to pay 20 years, paid 3 years to not pay the previous investment in the money certainly can not come back, at least pay enough 12 years to get back the capital. But if you pay enough for 20 years, you can get back about 3-6 times the amount of money you have already paid in.
Deposit a few hundred dollars a month,
and you'll be covered for decades for nothing.
At the end of the term, if you're still alive,
the principal and dividends are doubled several times!
---- Hongxiang
My wife is a claims adjuster for Ping An Insurance,
I personally think Hongxiang is pretty good,
The above is a poem I made up!
I bought the 35 year payment, annual payment 2008, insures 80,000,000,
After 35 years (or if I die any day within those 35 years) I get 80,000 in premium + 100,000 or so in dividends.
It is advisable not to surrender the policy, there is definitely a loss in surrendering the policy. After insisting on paying it, you will get a very high maturity benefit (sum assured) with dividends, and you will definitely get more than what you paid!
The proverb says: "Money you can't spend, money you can't take with you. None of it is your own!" Ping An of China Hongxiang product is currently the highest unconditional access to cash benefits during the lifetime of the insured!