Everyone should know that starting from next month, the guaranteed interest rate of some products will be reduced from 3% to 2.75%, and a new round of interest rate cuts for increasing life insurance will also begin.
If you want security, stable lifelong appreciation and high returns , you can consider Fosun Pramerica Life’s Xingyingjia ( Tiger Roar Edition ) . This product has a long-term IRR of up to 2.95% , close to the 3% upper limit required by regulators . It is a top-notch product among the current fixed-income increasing life insurance products .
Next, let’s take a look at how the Pramerica Fosun Star Win Family (Tiger Roar Edition) whole life insurance works. Is it reliable?
1. How is the Fosun Pramerica Star Win Family (Tiger Roar Edition) whole life insurance? Is it reliable?
Let’s first take a look at the strength of the underwriting company for the Xingyingjia (Tiger Roar Edition) whole life insurance product?
Xingyingjia Tiger Roar Edition whole life insurance is underwritten by Fosun Pramerica Life Insurance. The background of this company can be described as “powerful”!
Pramerica Fosun Life Insurance is a Sino-foreign joint venture formed by the strong alliance of Fosun Group and Prudential Group of the United States.
Let’s first talk about Fosun Group. Founded in 1992 , it has a long history and has now developed into a world-class enterprise with total assets exceeding 834.9 billion yuan.
The Prudential Group of the United States also has a long history and serves the world, and is one of the largest life insurance companies in the United States .
From this point of view, Xingyingjia (Tiger Roar Edition) whole life insurance is very reliable and there is no need to worry.
SEO insurance consultant (annuity, increasing life insurance) 2
Of course, the key to whether it is worth buying is whether the product itself is good. Let’s continue to evaluate this product.
The product form of Pramerica Fosun Star Win Family (Tiger Roar Edition) whole life insurance is as follows:
Xingyingjia (Tiger Roar Version) Whole Life Insurance
This product is suitable for insured persons aged 30 days to 70 years old , and the payment period can be selected as lump sum payment /3 years /5 years /10 years; the payment threshold is a lump sum payment of 30,000 yuan, 3 years of payment starting from 15,000 yuan, and 5 years /10 years of payment starting from 10,000 yuan.
The protection liability is death / total disability protection, and lifelong death/total disability protection is available during the validity period of the contract. If death /total disability occurs before the age of 18, the compensation will be the greater of the premium paid and the cash value; if death / total disability occurs during the payment period after the age of 18 , the compensation will be the greater of (premium paid * payment ratio, cash value); if death / total disability occurs after the age of 18 after the payment period expires , the compensation will be the greater of (premium paid * payment ratio, cash value, effective insurance amount for the year).
Among them, the payment ratio varies at different ages: 160% for 18-40 years old ; 140% for 41-60 years old ; 120% for those over 60 years old .
The effective insured amount is the basic insured amount in the first year, and increases at a compound interest rate of 3% every year starting from the second policy year .
Cash value accumulates over time. The longer the time and the more fees you pay, the higher the cash value.
Next, let’s take a look at other guarantees of this product:
( 1 ) Reduction of insurance coverage: This product supports reduction of insurance coverage, which can be applied for after the policy has been in place for 5 years. The total amount of annual cumulative reduction in insurance coverage shall not exceed 20% of the basic insurance coverage when the contract takes effect .
( 2 ) Designation of the second insured: During the validity period of the contract, the insured has the right to designate the second insured. When the insured dies, the second insured may apply to become the new insured of the contract.
( 3 ) Policy loan: The loan amount shall not exceed 80% of the contract cash value at the time of loan application , less the balance of various outstanding debts. The maximum term of each loan shall not exceed 6 months.
( 4 ) Connecting to a universal account: It can be connected to Tiantianying (Longteng version) annuity insurance (universal type) with a minimum guaranteed interest rate of 2.0% ; there is no risk of insurance premium, no health declaration, no physical examination and financial underwriting required.
2. Are the returns of Fosun Pramerica Star Profit Home (Tiger Roar Edition) whole life insurance good?
Although the functions of this product perform well, the most critical factor in determining whether a product is good or not still depends on the policy returns.
Without further ado, let’s analyze it with the help of demonstration cases!
Let’s assume a 40 -year-old man pays 100,000 yuan per year for 10 years, with a total insurance amount of 1 million yuan. The benefits are demonstrated as follows:
Xingyingjia Benefits Demonstration 1
It can be seen that in the 10th year of the policy, which is the last year of payment, the cash value is greater than the premium paid, and the investment is recovered.
If you continue to hold it, the cash value will exceed 2 million in the 30th year , and the return will double.
The longer you hold, the more you gain!
It can be seen that this product has a very fast appreciation speed, sufficient policy benefits, and has great advantages in the market. It can effectively lock in the long-term benefits of funds, is not affected by the external environment, and is not afraid of market risks.
SEO insurance consultant (annuity, increasing life insurance) 2
3. Summary
In general, the Fosun Pramerica Star Win Family (Tiger Roar Edition) whole life insurance product has rich protection, flexible use of funds, and very good performance! It can be used for family wealth planning, education funds for children, wedding funds, and retirement protection for yourself. It can be said to be a good product worth recommending!
