Insurance protects our lives, it can provide us with a layer of protection when we have an accident, so that our funds are not too difficult, but there are many people who pay for many years of insurance, think that paying insurance is a waste of assets, want to withdraw from the team of insurance payment, in fact, this is completely feasible, there are many insurance after you pay for many years, are refundable to you paid premiums, so what form of refund can we get?

The amount of surrender premiums for different types of insurance varies, but there are roughly four categories:

Cash value

Although there are many people who buy insurance, not many people really understand the value of cash, and can directly understand the money we can get by surrendering the policy. In fact, the cash value is directly printed on the policy, the cash value changes every year, and most insurance increases with the increase of the policy holding period; Of course, there are a few insurance plans that are middle-income, so the cash value will gradually decrease from the beginning, and the cash value of all returned funds will be 0.

Dividends

Dividends are mainly for some participating insurance, if the insurance company's benefits are better, then this insurance is likely to be able to get a certain dividend, dividends are calculated on an annual basis, even if the insurance is surrendered, the dividends of previous years can also be obtained. However, it should be noted that some insurance products are not well invested, and even participating insurance may have a dividend of 0.

Fixed return

Especially for financial insurance, many products will design some fixed returns when designing, such as: fixed annuity, special survival fund, survival fund, etc., these money can also be obtained when surrendering the insurance, and it can even be said that even if the money is not surrendered, it can also be obtained.

Universal account income

Many insurance products themselves do not have any advantages, but the insurance company in the design of the attached one or two universal account, fixed return of money can enter the account, even dividends can be, or the policyholder directly own money into it, and this account often has a relatively good income, when the money into the account can get income. These proceeds can also be withdrawn when we stop paying premiums

Different products can get different money, for example, some critical illness insurance or long-term accident insurance obviously there will be no dividends or universal accounts, only can take cash value money; However, financial insurance can often take the fixed return money and the money in the universal account.

Insurance is a tool to protect our lives, it is a product with small investment and large returns, not a financial product, we cannot take it as a financial investment, but we can take it as a guarantee for our lives, so that even if we suffer from serious illness, we will not have economic pressure,

（Writer：Galli）