life insurance

Although variable life insurance has investment functions, its coverage period is not lifelong. The value of the investment account will be affected by market fluctuations. If the investment performance is poor, the insured amount may not be enough to pay the death benefit, and you may even face the risk of the policy lapse. Therefore, variable life insurance is more suitable for customers who pursue both long-term investment and protection, rather than simply pursuing lifelong protection.

Variable life insurance not only provides investment opportunities, but also provides important death protection for you and your family. Even if you encounter fluctuations during the investment process, the insurance company will still pay a death benefit to your beneficiary according to the policy agreement, so that your family can still receive financial support in your absence and face the future with peace of mind.

Variable annuity insurance combines investment and protection, allowing you to enjoy stable protection while accumulating wealth. Through professional investment portfolio management, you can choose different investment targets according to your own risk tolerance and pursue long-term stable returns. In addition, variable annuity insurance also provides death protection, allowing you to have no worries and plan for the future with peace of mind.

Alert accounts, while restricted, are not completely inaccessible for policy borrowing. You can check with your insurance company to see if your policy allows borrowing from a caution account. If feasible, you will need to provide relevant documentation and may be required to pay higher interest. It is recommended that you carefully evaluate your financial situation and communicate with your insurance company to find the best solution.

Medical insurance and life insurance may seem similar, but in fact they have completely different protection functions. Medical insurance mainly provides protection for medical expenses, while life insurance focuses on financial compensation after death or disability. Therefore, medical insurance is not life insurance, but an independent type of insurance that provides you with the medical expense protection you need when you are sick or injured, allowing you to face unexpected medical expenses with peace of mind.

Medical insurance provides lifelong protection, which seems worry-free, but in fact there are age restrictions. Many people think that whole-life medical insurance means lifetime protection, but in fact, most medical insurance has an upper limit on the number of years of coverage, such as 75 or 80 years old. Therefore, be sure to read the terms carefully before purchasing insurance to understand the coverage and limitations, so that you can truly enjoy the peace of mind that medical insurance brings.