Golden Jubilee for life
Golden Jubilee Life is an annuity insurance underwritten by Hongkang Life, which breaks the previous pension design setting of reaching the agreed age before starting to receive an annuity.
Golden Jubilee can receive annuity payments as early as the 5th policy anniversary.
When it comes to savings insurance like Golden Jubilee Life, the policy function that everyone pays the most attention to is - policy reduction.
Reduced policies mean that consumers can get a cash flow when they need it.
So what are the rules for reducing the insurance of Golden Jubilee Life?What about the security and income of the Golden Jubilee life?
Let's take a look at the relevant issues.
OneGolden Jubilee for lifeWhat has been adjusted for the policy reduction?
Before analyzing the insurance reduction function of Golden Jubilee Life, let's take a look at the protection content of this product, and Daddy has concentrated its main situation in the following **:
* The main content of the life of Golden Jubilee is shown, and this product can beBorn between 30 days and 60 years oldCrowd to provide protection.
There is a total payment period4 pcs, which are single payment and 3 term payments.
The minimum insurance requirement for this product is:1000 yuanHowever, the higher the premium, the more annuity protection the insured can receive.
Like mainstream products, Golden Jubilee mainly provides consumers with death and annuity protection.
The earliest annuity date for this product is:5th Policy Anniversary, the time for receiving annuities is still relatively early.
For example, if the insured is 30 years old and chooses to receive it in the 5th year, if the insured lives to the age of 100, he can receive a 65-year annuity, which is still relatively long, which is beneficial to consumers.
Let's take a look at the policy reduction rules of Golden Jubilee Life:
The minimum amount of Golden Jubilee Lifetime Reduction is:$100Reduction is allowed from the 15th month from the effective date of the policy.
However, it should be noted that after the policy reduction, the cash value after receiving the policy will be deducted from the outstanding amountNot less than 1,000 yuan
IIGolden Jubilee for lifeHow's the earnings?
The above dad has briefly analyzed the life of the Golden Jubilee for everyoneProtection and Reduction Rules, you can choose whether to apply for insurance according to your actual situation.
As mentioned above, Golden Jubilee Life can provide annuity protection for the insured.
So how much annuity protection can you get after applying for Golden Jubilee for a lifetime?Let's look at it through actual cases.
Daddy will be able toA 30-year-old woman is insured with an annual payment of 100,000 yuan, paid in 5 years, and starts receiving it after 20 years, let's take a look at the current price and annuity situation of this product:
*, showing the income of Golden Jubilee Life.
It can be seen that the cash value in the first year of the policy is:40,000 yuan, to the insurance policyYear 8, the cash value of the policy is502,140 yuanExceeding the accumulated premiums paid
In the section20 policy anniversaries, the insured can start receiving the annuity, and you can receive it every year26,770 yuan
If the insured person lives long enough, she will receive an annuity that is several times the accumulated premiums paid, and she can continue to receive it as long as the insured survives.
This product supports insurance reduction, if the insured wants to get a sum of money before receiving the annuity, you can also get funds through this function to alleviate the financial dilemma.
3. Daddy's summary
Overall, Golden Jubilee Life needs to start reducing the policy from the 15th month from the effective date of the policy, and the minimum reduction amount is $100.
The exact amount you can get for reducing your policy depends on the cash value of the policy.