What kind of financial management functions does insurance h

What are the financial management functions of insurance? The insurance financial experts of Jintou Insurance Network introduced that the function of insurance for personal wealth is mainly reflected in the following aspects: First, the insurance function of insurance products is used to manage various financial risks at different stages to ensure The financial planning has proceeded smoothly. Such as children's education insurance and other ages of life insurance planning. Secondly, insurance, as a means of wealth management, can avoid the creditor debt crisis from causing harm to its own family by designating beneficiaries. At the same time, the beneficiaries of insurance are clear, the cost of family financial disputes is the least; Income tax, compared to inheritance, life insurance has many functions such as maximizing wealth transfer. Finally, the insurance itself comes with a certain financial function, which can realize the value-added and flexible use of insurance funds on the basis of the guarantee function. Because each person's financial situation and personal needs are different, so the function of choosing insurance is different. Only after you understand your financial structure, financial goals, assets and liabilities, etc., can you choose the life insurance products that suit you. Achieve the goals of asset preservation and financial planning. What is investment financial insurance? 1. Dividend insurance. Divided life insurance refers to the life insurance that the insurance company distributes to the policy holders according to a certain proportion of the surplus of the actual operating results over the pricing assumption. This insurance is characterized by the traditional dual functions of protection and investment, while strengthening the investment function. Traditional life insurance has a fixed predetermined interest rate, and the risk protection is basically unchanged. In addition to the basic security function, the dividend-type personal insurance can also determine the dividend distribution according to the operating status of the dividend-type life insurance business, that is, the customer can share the company's operating results with the company. The dividend distribution of dividend insurance is uncertain and there is no fixed ratio. The level of dividends is related to the operating level of the insurance company and the state of the capital market. When an insurance company usually generates a surplus in investment and business management, it allocates part of the surplus to the insured. Because the investment channels of different insurance types of the company are different, or the focus of the products is different, the level of dividends per policy of the same company is also different. Dividend collection methods generally include: cash collection, accumulated interest, premiums, and payment. The cash collection is to receive the bonus directly through cash; the accumulated interest is to retain the bonus to the insurance company, accumulating interest according to compound interest; the premium is used to use the published red to pay the renewal premium; the increase is paid every time The announced red is used to purchase the same insured's increase in the payment of insurance. At present, two methods of collection are mainly used: cash collection and accumulated interest. This can be chosen by the customer. Second, investment-linked insurance. Investment-linked insurance is an insurance that combines investment and risk protection, and has both a guarantee function and an investment and financial management function. Investment-linked insurance divides the premiums paid by policyholders into two parts, “guarantee” and “investment”, and operate independently. The scope and extent of investment-linked insurance coverage vary depending on the specific product. In addition to providing accident and sickness insurance benefits, and total disability insurance, there are other services, such as guaranteeing insurable options and exempting premiums. In addition to providing risk protection, investment-linked insurance also has an investment function. Among them, the return rate of the investment part of investment-linked insurance is not fixed, and the future investment income has certain uncertainty, and the policy value will be determined according to the actual investment income of the insurance company. Insureds are likely to receive better investment returns than traditional life insurance with fixed interest rates. In general, investment-linked insurance will open several investment accounts with different levels of risk for customers to choose. If there are some types of insurance, three accounts are opened according to different investment strategies and possible risk levels: fund account, development account, and guaranteed income account. The insured can choose the proportion of the insurance premium in each investment account. Any investment is risky, it is only the size of the risk, and insurance investment is no exception. A portion of the premiums for investment-linked insurance products enters the investment account and another portion is used for risk protection. Uncertainty in the value of assets entering an investment account is a major risk for such products. For the basic insurance coverage amount, regardless of how the assets of the investment account change, the basic insurance coverage amount is constant, and this part of the risk is borne by the insurance company. The risk of an asset in an investment account depends on the outcome of the customer's choice of portfolio of different risk levels and the level of investment of the company. Third, universal life insurance. Universal Life Insurance is a comprehensive life insurance product that includes insurance coverage and has a certain asset value in at least one investment account. In addition to the same protection as traditional life insurance, customers can also directly participate in the investment activities of the funds in the investment account established by the insurance company for the insured, and link the value of the policy with the investment performance of the insured investment account funds operated by the insurance company independently. stand up. This type of insurance product has a guaranteed interest rate and is not capped. Flexibility in the way of receiving insurance benefits: Universal insurance has the function of receiving at any time, and the collection method can be freely selected. If you can take a pension for the pension, you can also use the method of receiving pensions several times a year or monthly (such as: fixed level, ten-year fixed quota, fixed increment or ten-year fixed quota) Type annuity), the specific amount of the collection can be selected by yourself until the amount in the account is received.