"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 effect.

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.

Exemption: Exemption: The main contract is exempted from paying the insurance premium

This means that if you unfortunately become disabled, the insurance company will not only pay the premiums you deserve, but as long as you do not terminate the contract, the subsequent premiums of the policy will be paid by the insurance company on a yearly basis, and the value of the policy will remain valid.

At first, I mainly wanted to help everyone how to save taxes legally from real estate, but I ended up seeing an annuity policy that was so awesome it was out of this world.

In addition to being able to directly leverage and save for retirement, there is also double exemption for claims. The most important thing is that when there is an emergency, the policy loan has an ultra-low interest rate of 3%, and you can also help your children with trust-like installment payments of insurance money.

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.