1 thought on “Why are low -income people suitable for timely life insurance”
Alexander
“Regular Life Insurance” (hereinafter referred to as “Dingshou”), that is, within the time limit stipulated in the contract, the insurance company will pay the insurance company in accordance with the contract due to accidents or diseases; if the insured is in the insurance period At the end of the expiration, the insurance contract was terminated, and the insurance company no longer assumed the payment obligation and did not refund the premium paid.
. This shows that the fixed life only guarantees the “body” during the period of the contract and does not guarantee “surviving”. The person in charge of the product department of a life insurance company pointed out that Dingshou is a consumer insurance. Compared with savings life insurance, its premiums are much lower under the condition of equal insurance amount. However, in order to attract customers, the insurance company mostly sets up a high -life product setting. For those with low income, the person in charge suggested that if you want to buy life insurance, it is best to buy a fixed life first.
This life guarantee period is generally from several years to decades. The insurer can choose according to their own guarantee needs, or freely choose the payment period. For insureds with low income, reducing economic pressure to a certain extent. Most insurance companies can also extend the guarantee period in accordance with regulations, which will help people with a certain economic foundation in the future in the future, which can improve the guarantee quota or upgrade from consumer life insurance to savings life insurance. As a result, the future insurance period will still expire. “Survive” can receive a lot of insurance benefits.
In the change of insurance demand and economic income status, the fixed life that only provides basic risk protection cannot meet the higher protection needs of the insured. Lifetime life insurance. To this end, the insurance company has designed two important terms: renewal and convertible for the insured. The renewal clause means that the insured person does not need to be a physical examination during the insurance period, you can renew the period and the same setting of the insurance amount as the original insurance order, but the age and number of renewal times when the insurer renewed insurance It cannot exceed the provisions of the insurance company; the convertible clause means that the insured can convert the fixed life into life insurance or the two full insurance to meet the greater risk guarantee, and the insured does not need to provide the insured’s insured certificate when exercising the transition right. The premium can only be charged according to the premium rate agreed in advance, and the premium cannot be increased according to the risk of death of the insured. Therefore, it is best to clarify whether the product has “renewal insurance” and “convertible” clauses when insured for life.
“Regular Life Insurance” (hereinafter referred to as “Dingshou”), that is, within the time limit stipulated in the contract, the insurance company will pay the insurance company in accordance with the contract due to accidents or diseases; if the insured is in the insurance period At the end of the expiration, the insurance contract was terminated, and the insurance company no longer assumed the payment obligation and did not refund the premium paid.
. This shows that the fixed life only guarantees the “body” during the period of the contract and does not guarantee “surviving”. The person in charge of the product department of a life insurance company pointed out that Dingshou is a consumer insurance. Compared with savings life insurance, its premiums are much lower under the condition of equal insurance amount. However, in order to attract customers, the insurance company mostly sets up a high -life product setting. For those with low income, the person in charge suggested that if you want to buy life insurance, it is best to buy a fixed life first.
This life guarantee period is generally from several years to decades. The insurer can choose according to their own guarantee needs, or freely choose the payment period. For insureds with low income, reducing economic pressure to a certain extent. Most insurance companies can also extend the guarantee period in accordance with regulations, which will help people with a certain economic foundation in the future in the future, which can improve the guarantee quota or upgrade from consumer life insurance to savings life insurance. As a result, the future insurance period will still expire. “Survive” can receive a lot of insurance benefits.
In the change of insurance demand and economic income status, the fixed life that only provides basic risk protection cannot meet the higher protection needs of the insured. Lifetime life insurance. To this end, the insurance company has designed two important terms: renewal and convertible for the insured.
The renewal clause means that the insured person does not need to be a physical examination during the insurance period, you can renew the period and the same setting of the insurance amount as the original insurance order, but the age and number of renewal times when the insurer renewed insurance It cannot exceed the provisions of the insurance company; the convertible clause means that the insured can convert the fixed life into life insurance or the two full insurance to meet the greater risk guarantee, and the insured does not need to provide the insured’s insured certificate when exercising the transition right. The premium can only be charged according to the premium rate agreed in advance, and the premium cannot be increased according to the risk of death of the insured.
Therefore, it is best to clarify whether the product has “renewal insurance” and “convertible” clauses when insured for life.