Policy loans into new personal finance

A couple with 2 copies of insurance policies, the loan insurance to 380,000.

Recently, who lives in Tianhe District, Mr. Shen encountered such a problem: As the much-needed money, he had to buy from the bank, and 80,000 yuan worth of savings-type insurance dividends surrender in advance, because the policy only lasted a year, insurance companies Mr. Shen refund of about 73,000 yuan, which Mr. Shen that the practice of insurance companies of their own is unfair.

Objectively speaking, Mr. Shen insurance awareness has yet to be improved, because if he can be the mortgage insurance to insurance companies, he will be able to loan sufficient funds to meet their urgent needs, and this policy is to borrow. Reporters observed that this new personal financial management tool for the new popular gradually, personal finance has become an alternative "winding streets".

What is the loan policy?

To put it simply, the life insurance policy loan is for certain insurance products offered by the borrower function. Insurance is different from current savings, you can access at any time, and will not affect the principal. In general, life insurance to pay for a longer period than that, especially in the insurance a few years ago, if the proposed surrender, there will always be some loss of customers. Therefore, in order to allow customers to insurance companies in times of economic distress not by way of surrender in exchange for cash, in particular, made use of life insurance policies as collateral loans from insurance companies.

Specifically, in the life insurance contracts, insurance policies have a certain cash value can be insured by the adoption of a written application in the form of loan applications submitted to the insurance company (if insured and the insurer of the same people to be insured Signed consent). At that time, roughly equivalent to the amount of loan insurance policies have been deducted from the cash value of the non-payment of premiums and interest, after the balance of the loan and interest of 70% to 80%.

"Repay the amount of time and very flexible, and depends entirely on the customer's own decision." Safety Guangzhou Branch Customer Service Miss Zhang Hua, per-customer loan for a period of six months, but as long as an effective policy to pay each time the expiration of When they pass through the repayment of loans so that the interest of renewal, renewal every six months and renew the same unlimited number of times.

As a result, insurance companies offer insurance policy loans, life insurance policies on the one hand, given the mobility and increase the added value to attract customers popularity; On the other hand, it has become increasingly personal financial services market, a new tool for customers Temporary financial difficulties, have the option of a better way, although the need to assume a certain degree of interest, but can meet their urgent needs.

Trouble can be lost.

During the loan borrowers there have been accidents how to do? In October last year, Guangzhou Dongshan District, Mr. Lee because of the need to finance, he has a sum insured is 200,000 yuan of long life insurance policy, applications for insurance policies on the basis of his cash value to the He credits the more than 40,000 yuan. Unfortunately, three months after the accidental death of Mr. Lee. According to the insurance contract provided for insurance companies to deduct the loan principal and interest, to his family paid the more than 150,000 yuan.

It was a life insurance company manager, Mr. Wu, the last two years in borrower's loan during the accident and disease have killed 3, the maximum extent possible to protect the interests of its clients. Customer loans in the period, in case of survival to receive, such as refund, the borrower when the principal and interest greater than or equal to the amount by the policy, the company will not have to notify the customer will pay principal and interest payments directly to repay loans. The claims of customers, will pay the insurance money.

Not all insurance policies can be introduced, according to the borrower, not all of the insurance policy may borrow only with the nature of savings, life insurance, dividend-based insurance and pension insurance, pension insurance, life insurance contract can apply for loan insurance policies, and accident insurance, health Insurance, investment insurance and universal life insurance, as the cash value does not exist or can not control fluctuations in the value of cash and therefore do not have the pledge of loans.

The insurance policy can borrow, as long as the insured to pay premiums for more than a year, can be used for mortgage. Because life insurance premiums to pay a certain period of time, we will accumulate a certain amount of the cash value of insurance no matter whether the accident occurred insurance, regardless of whether the policies remain in force, has been part of the accumulated cash value is not lost, the insured Can at any time requiring the company to return part of the cash value of the claims in order to achieve.

In general, the loan can not exceed the amount of insurance at the time a certain percentage of the cash value, generally around 80 percent. Policy loan interest charges relatively fixed interest rate based on the different types of borrowing will be different.