Policy response in the global financial crisis

Huanglei the current global financial crisis inevitably touches every aspect of life, and more and more people want to reduce the impact of the crisis on the quality of family life by cutting spending. Is the premium also shrinking? Can a solution be found that preserves the security and reduces the cost of premiums?　　The answer is yes. Policy processing should be carefully interviewed by the insurance experts advised that the global financial crisis should be cautious treatment of policies, early termination of existing policies often need to bear greater losses. Some insurance companies can borrow money to manage services to reduce the cost of premiums, without invalidating the policy. The best solution is: according to the financial situation of their families, to hold different insurance products for different treatment, rather than the parrot.　　When necessary, you can consult the agents for your service, listen to their suggestions, and combine their own ideas to deal with the appropriate response. De, the financial manager of the Union life, told reporters that first from the perspective of risk management of insurance products to do a classification. In all life insurance products, accident insurance and personal insurance are two kinds of insurance, the premium is relatively low, should be kept as far as possible; the protection provided by medical insurance and major sickness insurance is particularly important for families in crisis, and if the economic ability is indeed difficult to afford in a short period of time,　　You may consider applying for a temporary reduction in the amount of insurance. Other life insurance products focus on the fund management function, such as dividends, investment, universal insurance, insurance products, such as premium payment methods relatively flexible, in particular, investment and universal insurance, policy holders in the risk management fees enough to pay the insurance amount of the premise, free payment, not subject to the limit of payment period and cycle. On the basis of ensuring the necessary expenditure of the family, appropriate adjustment of capital investment.　　If the investment unit price fluctuation fluctuates, the investment unit transaction price is low in the crisis, the policy holder may at any time free to add the premium, buys the investment unit, and so on economy rises, the investment unit price rises after throws the investment unit, obtains the huge investment income. Make good use of the fund Management Service It is noteworthy that insurance companies usually provide some funds management services to help customers ease the pressure of payment, can be selected according to the actual economic situation. For example, the use of the GRACE Clause-the insurance company allows policy holders to pay no fee within 60 days from the date of the premium-is still valid.　　As long as the customer completes the payment before the grace period expires, the insurable interest is unaffected. The second is automatic premium pad.　　If the temporary failure to pay, you can apply for the cash value of the insurance contract itself to apply for a policy loan for the payment of the premium, the contents of the loan will not be affected; when the economy improves, after the expiry of the contract to the insurance company to return the automatic premium pad payment and interest generated. There are also policy recovery and reduction payments. If the economic conditions are not optimistic for quite some time, the policy holder may apply to suspend the premium and suspend the insurance contract, as long as the premium and interest payable within two years after the termination of the insurance contract areThe policy holder may also apply for the conversion of the policy cash value into a one-time pay premium, the insurance company will reduce the original insurance amount to the corresponding amount, the policy holder does not need to pay the premium, the protection content and the period are unchanged, only the degree of protection is correspondingly reduced. Financial experts cite an example, for example, Mr. Lin has an insurance, has paid 5 years, according to the agreement to continue to pay 10 years. Affected by the financial crisis, Mr. Lin felt the burden of paying too much. Insurance experts advise him to change the annual fee to a monthly or quarterly basis, although the number of fees, the total amount is also slightly increased, but the pressure of each payment is greatly reduced; the other solution is to reduce the amount paid and convert the paid premium into a one-time paid premium. Mr Lam will not be required to pay the premium, the corresponding amount of insurance would be reduced, but the protection function can be retained, the premium paid will not be lost, and other economic conditions can be considered to purchase a similar protection scheme.