In the past two years, savings insurance has quietly become popular, and the amount of a single policy has repeatedly reached new highs, with many tens of millions of policies and millions of policies.
Occasionally, some friends ask me: The bank recommended me to increase the amount of life, what do you think?
But on the other side of the hot side of savings insurance, there are many people's doubts:
If you save with insurance and pay it for 10 or 20 years at once, is the money still worth at that time?
Can savings insurance outperform inflation?
If not, then why should I put it with you?
It didn't seem to be much fun, so it was better not to buy it, so I chose to give up.
Don't worry, let's take our time.
First of all, let's be clear about what inflation is
To put it simply, it means that there is more money and it is not worth much.
For example, more than ten years ago, a pack of spicy strips cost 5 cents, but now it costs at least 2 yuan.
You keep your money in the bank, ** tickets, buy **, buy **, buy a house, whatever you do, inflation is all treated equally, without discrimination.
But why is it that when it comes to buying insurance, everyone is so worried about inflation?
Is it because of the long lock-in period?
Like increased whole life insurance and annuity insurance, the longest is guaranteed for life.
It is a commodity that invests in the future, so it is treated differently.
To be honest, I feel that insurance is quite wronged.
Bank deposits can't outperform inflation, but no one complains; Investing in **and**, not only can't beat inflation, many people end up with losses or **jail, but they still enjoy it.
The core function of insurance is not to outperform inflation, but to transfer risk effectively and to force savings to obtain a certain cash flow.
So should we consider inflation when we buy insurance?
And how to see the relationship between insurance and inflation?
First of all, the actuary of the insurance company has indirectly taken inflation into account through the predetermined interest rate when formulating an insurance product**.
For example, when you spend 10,000 yuan to buy 500,000 yuan of insurance coverage, the insurance company has already considered what the purchasing power of 500,000 yuan will be in a few decades, so as to make a reasonable price.
In addition, people are concerned that the sum insured will depreciate in the face of inflation, but they often ignore that their corresponding annual premium will also be diluted by inflation.
If you buy an insurance policy and pay it in 30 years, can the current 10,000 yuan be the same as the 10,000 yuan in 30 years?
Moreover, it is possible that inflation will not be so severe in the future.
According to China's inflation index in the past 40 years, the decade was the highest inflation rate in China, once soaring to 24%.
Data**: National Bureau of Statistics).
However, in the past five years, it has basically stabilized at 2% and 3%, which is benign inflation. Don't worry too much, just allocate your money wisely.
For example, Zhongyi Life Insurance (Participating) :
2-year-old boy, 200,000 paid in 5 years, 25-year-old bonus interest doubled.
5 years of payment, the 5th year of recoup, the 25th year of double, simple interest up to 503%。
Therefore, the top-level products in savings insurance can achieve an annualized rate of return of 5% per year for 23 years, but if inflation reaches 5% per year, won't it blow the table? Are people still alive?
Write at the end
Even if inflation occurs in the future, the money will shrink if it is left untouched.
The best way to fight against it is to spend all your money now.
No kidding, it's true.
It's just that people who don't leave a way back for themselves are in the minority.
After all, our Chinese sense of savings is carved into our bones.
It is better to allocate sufficient protection for yourself, and use the leverage function of insurance and the value of time compounding to maximize your own money benefits.
Enjoy Lifetime 30% compound interest bonus, when the time comes, you will feel how far-sighted you were at that time