Accumulative life insurance contract. Endowment insurance benefits. How to pay fees
Today in the territory of the Russian Federation there is an opportunity to use various insurance programs. One of these is endowment life insurance.
What is this program? Where can you apply for it? What types of insurance companies offer? Where can I find the rating of insurance companies?
Let's consider these questions in more detail.
What is it and in what cases it is applied
Cumulative life insurance is a combination ordinary policy and investments that allow you to earn a return on invested capital.
This type of insurance, unlike Pension funds, is offered only by insurance companies.
According to the Civil Code of the Russian Federation, cumulative is not a property, so it cannot:
- to be separated during the divorce proceedings;
- be subject to confiscation by decision of the court or other instances (it is not seized).
This is a long-term type of insurance, therefore, it can be used solely to protect one’s life, financial capital and well-being in general, without being tied to the definition of “insured event”.
Work principles
When drawing up an endowment life insurance agreement, it is necessary to take into account that validity document is up to 25 years.
During this time, the insured person undertakes to make regular contributions in a fixed amount. Thanks to this approach, you can easily accumulate a significant amount of money by the end of the contract. For example: to a pension, the age of majority of your child, and so on.
Insurance companies share regular payments in equal parts. One part is used exclusively to cover the costs of the insurer, the rest is invested in various financial instruments, and a stable passive income can be obtained from investments annually.
Profit also includes several parts:
- one part is set in a fixed amount and varies from 2 to 4%;
- the second part is the return on investment. It can vary from 0 to 100% or more. It all depends on the situation in the financial market.
If it comes insurance case, the insured person or his relatives are paid a fixed benefit, depending on the number of regular payments made.
If the insured event occurred due to the death of the insured person, the relatives receive a payment within the first 10 days from the date of notification of the insurance agent (there is no need to wait 6 months).
In the absence of insured events, at the end of the contract, the accumulated capital can be withdrawn or the period of insurance can be extended.
Cost calculation
Insurance policy price calculated exclusively on an individual basis.
When determining the cost are taken into account information about the insured:
The ratio of the insurance and funded contributions depends on these nuances, as well as policy profitability insurance.
For example, the younger the insured person, the lower the risk level of the insurance company, respectively, more funds will be directed to the funded part, from which the client will receive a profit.
Advantages and disadvantages
Benefits endowment life insurance are:
- reliability. The safety of all insurance premiums is under state protection, so a 100% money back guarantee. Insurance agents conservatively allocate the capital of the insured, so the profit is guaranteed;
- a high level of self-protection. When applying for accumulative life insurance, certain obligations are imposed on the shoulders of the insured - making regular payments. What does this mean? You need to pay regularly, because if a delay occurs, the agreement is considered invalid. If delays occur, the insurance company will not make any insurance payments to the client for the next 3 years. Then it will be possible to return only a small part of the savings, and the rest - only at the end of the contract period.
From shortcomings:
- low return on investment. On average, about 3% per annum. As a result, it turns out that the interest can only cover inflation;
- long period of the contract. On average, an agreement is signed for a period of up to 25-30 years. Agree, for such a period a lot can change in life;
- Investment options are unknown to the insured. The insurance company has the right to hide information about investments.
Despite the shortcomings, today this insurance option is gaining popularity among residents of the Russian Federation.
Programs from various companies
Consider the offers of various programs from insurance companies separately.
Sberbank
Today there are several programs:
First capital program designed for parents who want to generate start-up capital for their children and thus ensure their financial independence in the future. The insurance period is 25 years. The age of the child can vary from 1 to 24 years old at the end of the agreement. The age category of parents is no more than 80 years.
Program “Family asset” preference is given to citizens who are the only breadwinners in families or those who plan to make a large purchase in the future.
Program conditions:
- the period of the contract is up to 30 years;
- age category from 18 to 80 years for the period of expiration of the insurance agreement.
For both programs, one nuance should be taken into account: if the insured person receives the 1st or 2nd, he is completely exempt from making regular payments. In this case, the insurance company pays for it.
SC "Renaissance Life"
There are several main programs:
- "Future";
- "Children".
Insurance program “Future” available to all citizens aged 18 to 55 years. At the time of termination of the contract, the insured person must be no more than 65 years old.
Program conditions:
- the period of validity of the agreement is from 10 years;
- it is allowed to choose an investment strategy: “Aggressive”, “Balanced”, “Aggressive Plus”. Personal financial consultants will help you make a choice based on the client's preferences.
Children's insurance program “Children”.
- the minimum contract period is 5 years;
- At the time of termination of the agreement, the child must be no more than 24 years old.
If the insured person has received a disability group, there is an exemption from regular contributions (this is further done by the insurance company).
IC "Rosgosstrakh Life"
Conditions programs "Family":
Program "Children" is subject to the following conditions:
- insurance period up to 21 years;
- the child must be between the ages of 1 and 21 at the time the agreement ends;
- the age of the insured person is not more than 70 years.
Conditions programs "Savings" are as follows:
- the maximum insurance period is 40 years;
- the age of the insured person at the time of termination of the insurance policy is not more than 70 years.
This program is characterized by the ability to save a significant amount to make a large purchase.
What to look for when signing a contract
Drawing up a life insurance contract is a key step in the documentation process.
It is for this reason that it should Attend the following points in the document:
In the event that any clause (especially the one written in small print) or the entire contract as a whole has raised suspicions, you should always ask clarifying questions to clarify the situation, otherwise this may lead to consequences: the obligation to extend the period of the contract, money transfer to unknown bank details and so on.
If the insurance agent cannot clearly explain the information contained in any paragraph, it is advisable to refuse to issue insurance and choose a more reliable insurance company.
rating of insurance companies
To obtain information about the rating, you must go to the portal of the National Rating Agency. The page displays the rating of insurance companies - you need to look exclusively at the position A ++: confirmed, assigned, and so on.
- Sberbank;
- VTB - Insurance;
- Capital Re.
Thanks to such analytics, you can be sure that the investments are in a reliable company.
For more information about this type of life insurance, see the following video:
Life insurance is an essential element of family financial security. This article will tell you how much a life insurance policy costs. And at the end of the article is a table that will help you calculate the price of your policy.
1. The cost of life insurance - two questions in the preface
When planning to buy a product or service, we put forward requirements for this purchase. There is always the most important characteristic of the desired product, which helps us to make the right choice.
Let's think - what are the main characteristics of a life insurance policy?
So, the idea of life insurance is to provide financial support for the family. If so, then when choosing a policy, we need to answer two questions:
- What are the events upon which the family should receive the payment;
- Determine the amount of payment in a critical situation.
Why is it important to answer these questions before choosing a policy? The fact is that life insurance contracts are very different - below we will consider some of them. And if you do not have a clear understanding of what problem you are trying to solve when opening a policy, it will be very difficult for you to make the best choice.
1.1 Amount of insurance coverage
From a financial point of view, the biggest risk for a family is the loss of a breadwinner. The breadwinner is a family member who earns O the majority (60% or more) of family income. This person's life insurance will provide the family with financial security.
Let's define - what does it mean to "ensure financial security"?
This means that if the breadwinner dies, then the family must have money to pay the mortgage and pay off other debts. Relatives need to continue to live, and pay current expenses - and the family must have the funds for this. And when the children grow up, it is necessary to pay for their higher education so that the children get a good start in life.
All these goals require means - in any case, no matter how life turns out. And so, when insuring the life of the breadwinner, we must determine the amount of capital that will help the family finance the solution of the most important tasks - even if the breadwinner is gone. This capital is the amount of life insurance required by the breadwinner.
You can read more about how to calculate the level of protection in the article "". After reading it, you will see that in order to ensure the real financial security of your loved ones, you need life insurance for tens of millions rubles.
1.2 Events under which the family will receive the payment
The family must be protected from the death of the breadwinner, because in this case it loses a source of income. And then the family and children get into a difficult financial situation.
It is also important to have protection against deadly diseases. This risk can be protected from both additional options in life insurance contracts and specialized policies protection from dangerous diseases. The second option is much more effective, since the options in the life insurance policy provide low protection against deadly diseases, but at the same time they are quite expensive.
In contrast, personal injury and sick leave insurance is not much needed. Insurance for these risks is quite expensive - but they are not fatal, and the family may well keep them. A little time will pass, a person will recover - and again he will be able to work productively and earn money.
1.3 What solution are we looking for?
So, before answering the question “how much does life insurance cost?” — we came to an understanding of what solution we need: we strive to provide the breadwinner of the family with a sufficient level of insurance protection in the event of death. The required level of protection is calculated for each person individually, based on their current circumstances and the needs of their family.
We will not be interested in the protection against deadly diseases as part of this policy, since specialized solutions protect against such events much more effectively. Finally, we will not be interested in protection against injuries, temporary disability and hospitalization as part of the policy as part of the policy. The person will recover and be able to work fully again.
2. How the cost of life insurance depends on the type of policy
The cost of the policy is greatly influenced by the type of contract you will use. To solve the problem, we can use the following contracts:
What are Russian and foreign companies? Companies licensed for life insurance in Russia are referred to as Russian companies for the purposes of this article. Along with this, there are a number of companies located outside of Russia - but which are ready to open life insurance policies for Russians and residents of the CIS. For the purposes of this article, these companies are referred to as foreign companies.
The family determined that Igor needs life insurance for 750,000 USD for a period of 25 years - until the moment when the newborn child completes higher education and begins to live independently. Let's compare the cost of Igor's life insurance when using various contracts.
2.1 The cost of life insurance in Russian companies
Russian companies are ready to offer Igor the following solutions:
2.1.1 Protection against death due to UA
This contract works as follows. A person opens a policy for a year, which protects his life for a certain amount from death only by accident(NS).
If during the year this risk is realized, and the person dies as a result of an accident, then the payment of the insurance indemnity specified in the policy will follow. If, within the next year, everything goes well in a person’s life, then the policy will cease to be valid. And to be protected - Igor needs to open a policy for the next year.
This solution has two negative properties.
- Protection only against death by accident only
It must be understood that this type of policy protects a person only from death by accident. This means that if the cause of death is, for example, a heart attack, the insurance company will not make a payment. Because sickness is not an accident.
Let's remember - we are looking for a solution that would provide a family with protection in case of loss of a breadwinner. Regardless of the cause of his death, the family will urgently need money in such a situation.
And therefore, a policy from death only by accident cannot be called a full-fledged solution to the problem. Because in case of death for natural reasons, the payment will not be made, and the family will be left without a livelihood.
- Low "ceiling" of the sum insured
Often Russian companies set the maximum possible insurance coverage in such contracts. And she's pretty small.
An example of an accidental death insurance policy would be "Risk Control". In it, the maximum insured amount from death according to the National Assembly is no more than 200,000 USD.
Therefore, we will not be able to protect Igor's life with such a contract for the amount of 750,000 USD he needs. However, it is still possible to calculate the cost of such a solution:
A similar contract for Igor would cost 1.425 USD per year.
2.1.2 Protection from death by any cause
This is already a more reliable contract - since it protects the family from leaving the breadwinner for any reason. Such contracts can be opened for a period of one to several decades.
When opening a contract, the annual fee is fixed and remains unchanged throughout the entire term of the policy. An example of such a contract is the ABC of Defense.
A policy for Igor for 25 years, with a payment of 750,000 USD upon death for any reason, will provide for a contribution of 9,874.71 USD annually, for the next 25 years. You can download the draft contract.
2.1.3 Cumulative life insurance of Russian companies
Cumulative life insurance policies simultaneously protect a person's life and create capital for him. A detailed overview of such contracts can be found in the article "".
In these policies, the amount of insurance protection for a person is equal to the capital that must be created by the end of the contract. In other words, how much a person wants to protect himself - this amount he must accumulate by the end of the contract. This feature of the policy makes the contribution extremely high for the level of insurance protection that a person needs.
Watch my video with a story about the device of a life insurance policy:
An example of such a policy is the Premium contract. Watch a video with a story about the device of this policy:
To protect Igor's life with this 750,000 USD policy for 25 years, an annual fee of 28,740 USD per year will be required. You can download the draft policy.
So, in the segment of Russian policies, Igor can choose from the following solutions:
2.2 The cost of life insurance in foreign companies
In the segment of foreign solutions, Igor can choose from , and .
2.2.1 Term life insurance in a foreign company
In this case, Igor opens a policy for 25 years, with protection against death for any reason. The amount of the annual contribution is fixed at the time of opening the policy, and remains unchanged for all 25 years of its validity.
If in the next 25 years Igor passes away for any reason, the family will receive a payment of 750,000 USD. If he lives safely before the expiration of this period, the policy will be completed. In this case, the family will not receive the payment, because this policy does not accumulate cash value.
2.2.2 Life insurance in a foreign company
Igor can also use in a foreign company. This policy will be in effect for the rest of his life.
When opening a contract, the fee is fixed, and remains unchanged for the duration of the policy. A person makes contributions until the age of 100 years. If his life goes on, the policy is valid, but without paying further contributions.
There is an important difference between this contract and the term insurance discussed in the previous step. Term insurance is valid only up to the age of 74 years. And if a person is alive by this age, the term insurance policy will end.
And life insurance will last a lifetime. And if the family regularly contributes insurance premiums to the policy, then when a person's life ends, the policy will be valid. And therefore, the sum insured specified in the contract is guaranteed to go to the family as an insurance payment.
This means that in addition to the protective function, the life insurance policy has an additional, and very important property. This contract creates capital for the family. And this is its most important advantage compared to term insurance.
The annual premium under the life insurance policy of a foreign company for Igor will be $ 1,808.84, you can download the project. For decades, the contract will protect Igor's life - and thus ensure the financial security of his loved ones. And when his life path is completed, the policy will create an inheritance for his children in the amount of 750,000 USD.
So, we have discussed how the cost of life insurance depends on the type of policy you can use. However, there are a number of other parameters that will affect the cost of life insurance.
3. Parameters affecting the cost of life insurance
Let's list and briefly discuss what factors insurance companies take into account when calculating the cost of life insurance.
- Age
A person's age is the most important parameter in determining the price of life insurance. The older the person, the higher the likelihood of his death - and the more expensive the policy will be for him. Hence the conclusion - the earlier you open your own policy, the less your annual fee will be.
According to statistics, men live much less than women. Therefore, insurance for a man will be more expensive than for a woman of the same age.
- smoking status
If a person smokes, then his policy will be much more expensive than that of a non-smoker. The statistics are relentless - people who smoke leave earlier. Therefore, the tariff for them is much higher (see the table of the cost of life insurance at the end of the article).
Insurers classify smokers as those who smoke regular and electronic cigarettes, vapers, as well as people who use chewing and snuff tobacco.
- Education and income level
With life insurance in Western companies, these factors affect the cost of the policy. The more educated a person is, the more likely he is to earn more. And then he can take better care of his health (has the ability to pay for good rest, medical services, good food) - and probably live longer. Therefore, his policy will be cheaper.
- Profession, and the presence of dangerous hobbies
Human professions carry different risks. From the minimum in the life of a librarian, to the maximum in the profession of the Ministry of Emergency Situations. This can affect the cost of the contract, as well as the person's dangerous hobbies - say, horseback riding, or mountain climbing.
4. How much does life insurance cost
The purpose of this article is to help the reader determine the approximate cost of a life insurance contract that will provide him with the desired level of protection. How can this cost be calculated?
4.1 How to calculate the price of life insurance
This is easy to do if you know the cost of insurance as a percentage of the sum insured. I'll explain what that means.
Let's say for some person the cost of life insurance for one million dollars is 10,000 USD per year. In this case, the price of life insurance is:
10.000 / 1.000.000 = 0.01 - i.e. 1% of the sum insured.
And if this ratio is known, then it is easy to calculate the approximate cost of the policy already for an arbitrary sum insured. For example, a $550,000 protection policy for this person would cost:
550.000 * 0.01 = 5.500 USD per year
If so, we just need to see a table where, for different sex / age, the cost of insurance is indicated as a percentage of the sum insured. And then each reader of the article will be able to calculate the approximate cost of the policy he needs.
4.2 Which solutions make sense to choose from
Take another look at the cost of solutions available to Igor:
The table calculates the cost of a policy with the same properties: insurance against death for any reason for 25 years from a Russian and foreign company. At the same time, a foreign policy costs seven times cheaper than a Russian counterpart:
5. Defenseless families
The vast majority of Russians do not have life insurance. This means that their close people - spouses, children, elderly parents - are defenseless against the loss of a breadwinner.
And then those whom we love will be in great need. If we really we love them - it is our responsibility to provide loved ones with protection in case of critical problems. The only tool that allows you to do this is life insurance.
It doesn't cost fantastic amounts. Many families have access to good contracts with a high level of protection. For decades, the policy will protect the family, and finally create an inheritance for your children.
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First experience - no complaints
For the first time I had DMS. I have never attached much importance to this before (there is none and no), but now I understand how much it makes life easier. Everything turned out to be simple and accessible: I called and made an appointment. Already at the clinic, the staff at the reception agreed with the insurance company on the performance of gastroscopy and several previous tests. Everything was pretty fast and without any complications. I recommend
Alexander, Moscow
Cancellation of an accident insurance supplementary protection contract
AlphaInsurance
I ask you to cancel the additional protection agreement. When applying for EOSSAGO 01.02. 2018 CTP policyXXX0026076099 without my knowledge and consent, the Accident Insurance Policy "Additional Protection" No. 42921/398/01393/8 was issued. The Policy is valid from 02/08/2018 to 02/07/2019. The amount of 499 rubles was debited from the card without SMS confirmation. Please cancel the accident insurance contract "Additional Protection" No. ...
KSU, Moscow
Gratitude of the insurance company AlfaInsurance Life
AlphaInsurance
I want to express my gratitude to the insurance company Alfa Insurance-Life. In the middle of the month, I signed a life insurance contract with the payment of investment dividends for 3 years. Much to my chagrin, I had to write an application to terminate the contract (I urgently needed money) If it were not for the current situation, I would have left everything as it was. The money was returned to the bank account, everything to the penny. Deadlines ...
Alex , Moscow
Getting accident insurance
SG Uralsib
After suffering for 3 days with Alfa-Market and not having achieved a result on a profitable purchase of an accident insurance policy, I was looking for a company on the Internet with good insurance conditions. I went through 20 pieces. I found the best offer in Uralsib, plus a discount, plus I registered it on the site without any problems, plus I calmly paid with a card, plus I had the policy in 30 minutes !!! Great work!...
Nadia Petrova, Moscow
I am insured in SK AlfaStrakhovanie under voluntary medical insurance. I'll be honest...
AlphaInsurance
I visited several times and each time qualified medical assistance was provided, while they also constantly called me and asked about my well-being. Very nice, thanks to the doctors and employees of the insurance company.
Mikhail, Moscow
I'm going to insure for the second time. Satisfied the first time.
AlphaInsurance
Good afternoon Now I am going to insure the child in IC Alfastrakhovanie for the second time. Very satisfied. There was an accident (fracture). I received the money quickly, and went only 2 times: the first time I took the documents and the second time I took the money. Many thanks to the doctors and staff of Alpha.
A life insurance policy is:
- Confidence in the future - You will receive funds to restore your health in case of illness or injury.
- Caring for the well-being of loved ones (Material support) - You will take care of the family and children who will quickly receive the agreed amount of money if the irreparable happens. You and your family will maintain your usual standard of living in the event of disability.
- Preservation of savings - You will save your premiums by receiving a payment at the end of the insurance period.
- Life insurance;
- Death insurance;
- Insurance of occurrence of other events;
- Accident insurance;
- Deadly disease insurance.
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Frequently asked questions about life insurance
Where does the insurance organization invest funds?
For an insurance organization, the main task of investment activity is to preserve and increase assets for a long time. Today, in the Russian financial market, insurance organizations have access to a limited set of investment instruments that can provide profitability without the risk of losing money.
Acting in accordance with the law, Insurers invest in:
- government securities;
- securities of subjects of the Russian Federation;
- corporate bonds with a high reliability rating.
Why is it better to choose long-term life insurance rather than a bank deposit or mutual fund (UIF)?
It is very difficult to compare insurance programs, bank deposits and mutual funds because they solve different problems. Bank deposits and contributions to mutual funds are used to solve short-term financial goals. The main purpose of long-term life insurance (LLI) is to protect the health and life of the client, combined with long-term capital accumulation.
There are also a number of other differences:
- In the case of a bank deposit, the client independently manages the deposit. At DSJ, client program management is minimized throughout the program.
- A deposit and a mutual fund cannot provide insurance compensation in the event of an insured event. In addition, the amount of guaranteed insurance indemnity is many times higher than the amount of premiums paid by the client.
- Bank deposit conditions are subject to change. In DSZH, the conditions remain unchanged during the duration of the program.
Life insurance has undeniable advantages in comparison with other types of financial instruments
Financial protection and legal immunity
Until you receive an insurance payment, your funds belong to the insurer, which is liable to you. They cannot be confiscated, they cannot be seized, they cannot be recovered in court, they are not subject to division between spouses in a divorce or other property disputes.
Guarantee of receipt of funds
You can transfer the accumulated funds directly, - only to the person whom you appoint. In the event of the departure of the insured from life, it is this person who will receive the payment, and not the heirs of any queue.
We pass the law on "inheritance"
Payments to heirs are made within 10 days and are addressed exclusively to the person you appoint, and not after 6 months and only to heirs of the 1st stage
Around the clock around the world
The Company bears its financial obligations regardless of your location at the time of the insured event or time of day.
Social tax deduction.
With a life insurance policy, you secure an additional 13% for your investment at the expense of the State.
Why you need life insurance
If your only source of income is life and work capacity, then life insurance will protect it. In fact, life insurance helps a person not to be left without money in any development of events in life:
– Retirement capital. With a prosperous course of life, a person happily reaches a mature age - and an event occurs that insurers call "survival". By the end of a career, a life insurance policy creates pension capital for a person. It is this capital that will feed a person for the rest of his life, because he can no longer earn money by his labor due to his advanced age.
- Caring for loved ones. Therefore, the answer to the question “why insure life?” very simple - this must be done for the sake of your own financial security, and for the financial well-being of people close to you.
– Guaranteed Targeted provision of the future of children(education, initial capital, etc.)
In this case, the event covered by the policy will occur with a probability of 100%. Because for any period of time in the future, either survival or death will come in life. Of course, we will expect only the first?. However, any of these events require serious savings. They are created by a life insurance contract - providing the family with capital at the very moment when it is urgently needed.
What is the conclusion from this? 100% of families need life insurance.
A life insurance policy is a tool that ensures the financial well-being of a family in various life situations.
More than once I have witnessed how bank employees are actively selling accumulative and investment insurance policies to people with the words that "it's like a deposit, only more profitable." At the same time, it is silent about the features and disadvantages of this financial product. Sometimes such stories end with unpleasant surprises. Here is one of the customer reviews:
When buying a health or life insurance policy, the insurance company must request information about the client's health status. However, when selling UA and ILI policies (accumulative and investment life insurance, respectively) through intermediary banks, employees are far from always interested in this issue, and people do not know that they should report this.
The policy will be considered invalid for people who have a disability, certain medical conditions, or who are undergoing outpatient treatment. Only then will an attentive person be able to find out about this from the details of the contract. Another sad customer review:
What is endowment and investment life insurance
HOA and ILI are hybrid financial products that include insurance and investment. They are provided by insurance companies, but the main sales go through partner banks.
Cumulative insurance is focused on the formation of savings together with insurance protection, and investment insurance is aimed at the growth of investments and also insurance protection. The policy is issued for a long period, usually from 3 to 7 years. In the case of HOA, you undertake to make regular contributions, and in the HOI, the entire amount is usually paid when the policy is opened.
During the term, you cannot withdraw your money, except by paying a large fine (up to 100% of all your deposits). At the end of the term, you will receive your money back, plus possibly additional investment income. The return of your funds is guaranteed, and additional income is only expected.
In the event of an insured event, as a rule, you receive an insurance indemnity in the amount of the deposited funds.
The internal structure of the ILI resembles a structural product. There is a low-risk underlying investment, such as safe bonds or bank deposits, that provides a money-back guarantee. And there is an investment part, usually in the form of financial derivatives, which either "burn out" or make a profit over the term of the contract. The specific details of what is included in your insurance are not disclosed by insurance companies, although sometimes they generally offer different investment strategies to choose from.
What is the real return
Sellers lure customers with promises of high returns, often quoting 20-25% per annum. But we must not forget that this is only an expected, but not guaranteed return, and many people who are used to dealing with bank deposits do not understand this.
Insurers guarantee only the return of the amount paid (excluding inflation), and sometimes a small 2-3% yield on endowment insurance. How they calculate the investment yield, you can not check in any way, and are forced to believe what they themselves will show you.
At an industry event in October 2017, the president of the Life Insurers Association said: “The return can now reach up to 7-8% per annum.” Don't miss the words "may" and "before".
How much are you losing
In September 2017, the CEO of one of the major insurers spoke about the results of investments in ILI: “For a significant proportion of five-year contracts that are now ending, the profitability will be close to zero - due to objective reasons. The underlying assets, in which the funds of insurers were invested under contracts until 2014, lost a lot of value due to force majeure and the economic crisis.”
It is difficult to imagine what basic (reliable) assets the insurance company chose to get such results. Let's compare their results with the index of Russian government bonds, which is formed by the Moscow Exchange:
Over the mentioned 5 years, it has grown by 53%. The MICEX stock index, taking into account dividends, grew by 76% over the same period.
I can open a secret and tell you why such a profitability is obtained. Here is a picture from a seminar for financial advisors who are trained to sell life insurance policies:
Comments, as they say, are unnecessary. And do not forget that these are only commissions to agents, and the insurance company certainly did not offend itself. All this money is paid out of your pocket.
Other risks of life insurance and life insurance
Unlike bank deposits, policies are not insured by the state.
Many subtleties can be found in the contract and insurance payments. In some cases, they will refuse to pay you (for example, a person drank a little and was hit by a car - “it’s his own fault”), some serious illnesses will not be recognized as fatal, and you will not receive anything. You are obliged to notify the insurer of various changes in your life (eg place of residence, work, occupation, hobbies). And the insurance company in some cases can unilaterally increase the amount of your contributions. The nuances may be different, study the contract.
Advantages of NSZH and ILI
Funds invested under the insurance program cannot be confiscated, seized, recovered in court, and so on. They are not subject to division in a divorce. In the event of the death of the insured, they are not inherited according to the general procedure, but are paid to the person indicated in the policy without waiting 6 months.
conclusions
As a result, we get an opaque product, the financial results of which suffer from huge commissions, and the insurance amount is limited by the funds you contribute. A sort of miracle Yudo, which brings good profits to the insurance company and sales agents.
I can assure you that if you use wisely chosen instruments for saving and investing and, if necessary, buy ordinary risk insurance, your results will be much better.