Ordinary varieties with certain income, new varieties with uncertain income.
The new types are dividend insurance, universal insurance and investment-linked insurance, which are complex in form and uncertain in income, so I won't discuss them in detail here. Common types are popular, such as annuity insurance, increased whole life insurance, and increased total insurance.
1. Annuity
The insurance company pays a sum of money in advance, and then at a certain time, the insurance company will pay you back one by one. To put it simply, when I was young, I paid a sum of money to the insurance company every year. At the appointed time, the insurance company will compensate you again.
How much and when to pay it back are all agreed when signing the contract. If it is for children, it can be adjusted later during college. This is an education grant. Buy it for yourself and return it after retirement, which is the pension annuity.
2. Increase double risk insurance
That is, during the guarantee period, if you die, you have to pay for the death. When the guarantee expires, if you are still alive, you will be given a value-added maturity payment. It doesn't have to wait for expiration or death. It also has the function of reducing insurance and can receive cash value at any time. Compared with the increased lifetime, the guarantee period is more flexible and can be guaranteed for 20 years and 30 years.
3. Add whole life insurance
In essence, it is a life insurance, and will pay the increased insurance amount when you die. But unlike ordinary life insurance, you can get money by increasing your life span. It has the function of reducing insurance, and you can reduce some cash value halfway. You can arrange how much and when to take it.
Personal insurance is a form of insurance that takes the life or body of the insured as the subject matter of insurance. When an insurance accident happens to the life or body of the insured or the insurance expires, the insurer pays the insurance money to the insured or beneficiary according to the provisions of the insurance contract. Life insurance includes life insurance, injury insurance and health insurance. In property insurance, the insurer is liable for the loss of the subject matter insured, while in life insurance, the insurer is liable for payment regardless of the loss or not. For this reason, life insurance is usually fixed insurance.
The life insurance fund uniformly used by the state is established by the insured paying the fees on time. Personal insurance is also a special form of organizing residents' savings. When the insured reaches the age stipulated in the insurance contract, the state gives him some money and so on. Personal insurance can be divided into voluntary insurance and compulsory insurance according to the form of insurance; According to the nature of personal danger, it can be divided into personal insurance and accidental injury insurance.