Increase the advantages and disadvantages of whole life insurance.

Increasing the Advantages and Disadvantages of whole life insurance;

Advantages:

1. It not only has relative guarantee but also can increase income: the increased whole life insurance coverage will increase with a certain compound interest every year. When the cash value exceeds the current accumulated premium, the policy can be repaid.

2. Asset stability: all the guarantees, increase ratio and income of life insurance will be written into the contract in black and white, and the interests of the policy will not be affected because of poor management or some unpredictable changes of the insurance company. China Banking Regulatory Commission (CBRC) has a relatively complete security system, which can protect consumers' policy rights to the maximum extent and is also very safe.

3. Flexible access: The difference between increasing income and annuity insurance in whole life insurance is mainly realized by reducing insurance. Through the reduction of insurance, shareholders can withdraw cash value for other expenses and provide cash flow for places that need money, such as education, entrepreneurship, pension and living expenses.

Disadvantages:

1, the guarantee leverage is low, and the guarantee function is not strong in the short term.

2, it takes time to compound interest and increase value, which is not suitable for the elderly.

3. Although the funds are flexible, once the insurance is reduced, it will directly affect the increase of the insured amount and cash value.