Category: Insurance

Investment and insurance are important tools for financial management, but maintaining sufficient working capital (about 1/3 to 1/4 of income) is the key to ensuring financial security. Working capital funds should cover basic living expenses for 6 to 12 months to deal with emergencies or income interruptions, and be deposited in highly liquid and secure channels, such as living deposits and monetary funds. In terms of capital allocation, you can follow the rule of three: a balanced allocation of investment, insurance and working capital, and regular review and adjustment to ensure that life stability and asset growth are synchronized.

The so-called "linkage" records credit transactions between individuals and financial institutions. The total score can be up to 800 points. Regarding the retention period of various records, please refer to the regulations of the Financial Supervisory Commission for details. It is mainly compiled and collected by the Joint Financial Credit Reference Center. Through this information, a national credit database is built to ensure that people's credit transactions and the domestic financial system can be sound and stable.

"Automatic advance payment" means that if the policyholder fails to pay the premium when it should be paid, the insurance company will send a registered reminder letter and give a grace period. If the policyholder fails to pay the premium after the grace period, the insurance company will use the policy value reserve to automatically advance the premium and interest due for the current period to keep the contract in force. It is worth noting that not all policies have value reserves, such as highly leveraged medical insurance, cancer insurance or critical illness insurance. Without policy value reserves, premiums cannot be paid.

Policy borrowing means using the policy you purchased to borrow money from your insurance company. When the policy you purchased begins to have a "policy value reserve (referred to as premium)" as the years increase, you can apply for a policy loan from the insurance company based on your existing premium within the total policy price. Common ones include long-term life insurance, annuity insurance, etc.

Exemption: Exemption: The main contract exempts you from paying insurance premiums. This means that if unfortunately you become disabled, the insurance will not only pay the premium you should have paid, but as long as you do not terminate the contract, the insurance company will help you with all subsequent insurance premiums. After paying it off year by year, the value of this policy will continue to be valid.

At first, I mainly wanted to help you how to legally save taxes from real estate, but I ended up seeing an annuity policy that was so awesome. In addition to being able to directly use leverage to save retirement funds, there are also dual-exemption claims. When the key point is really urgent, the policy loan has an ultra-low interest rate of 3%, and you can also help your children to make trust-like installment payments for insurance benefits. There are really enough exaggerations, so I have to study hard by myself how to help everyone with investment and financial management in the future.

There shall be no exclusions in the living annuity part of an annuity insurance contract. Exclusions refer to dangers caused to the insured due to intentional or illegal reasons. The insurance law expressly stipulates that the insurer is exempted from liability for compensation.