Full use ofhesitation period on a regular basis can be transferred to Endowment Life Insurance Insu

Category: Insurance tips Release Date: 2006-08-01

"The same is the life insurance, why pay when the contract expires and some products survive the expiration of the insurance payments, and I bought insurance has expired and does not pay the insurance payment?" A few days ago, readers call our reporter Miss Song.

Because little is known about the insurance, the insured Miss Song had a regular life insurance products, only to find life and death Endowment Insurance to better meet their insurance needs.

Insurance prior to a general understanding of insurance products available in the market to distinguish between various types of insurance protection features, the insured should do their homework. It is understood that the ordinary life insurance is usually divided into three risk another: Survival Insurance, death insurance, and Endowment insurance.

Miss Song of regular life insurance products purchased insurance for the death of a, which means that the insured person dies within a specified period only in order to be guaranteed.

For the same as Miss Song want to survive, the death of the insured to protect both parties may be considered Endowment insurance. Endowment insurance, both to the insured person's death during the period of insurance premium payments, but also after the expiry of the period of insurance the insured person is still living life insurance premium payments.

Full use of "hesitation period"

Should be noted that the co-existence of insurance premiums insurance premiums expensive than a regular lot. As shown, in the same circumstances, the Endowment Insurance B Products 426 yuan annual premium payable upon, and regular life insurance A product of about 30 yuan a year are only payable upon the premium. As can be seen from the table, term insurance is only an insurer, no savings and functionality, and the protection of the limited time available.

Miss Song of the insurance products, as the same limited understanding of the insured, should be insured full advantage of the insurance contract under the "hesitation period" to vote against his own conduct in-depth consideration of insurance or for re-select. It is understood that the insurers in the insurance contract provide that the "hesitation period", in general, "hesitation period" for ten days, ten days in which the insured can always go back on revocation of contract, the premium will be refunded unconditionally the insured.

Even after the "hesitation period" Miss Song can also be used on a regular basis the convertibility of life, will their insurance contracts into insurance company approved by Endowment insurance. It is reported that most of the regular life insurance are provided to the insured life can change on a regular basis for life-long savings, life insurance or other insurance, the nature of the right to not need to submit proof of insurability.