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Department of Health (99) statistics, Taiwan's average life expectancy for men
75.9 years for women 82.5 years, assuming retirement at age 65, there are still
about 10 to 20 years of retirement is no income, coupled with Taiwan's birth rate
from 2001 to 2008 showed a rapid decline in status, even in 2009 the overall birth
rate is even lower than Japan, and Taiwan's deposit interest rates and inflation
continue to rise, therefore, retirement planning has become an important issue is
now. Among the many financial products, the study is based on investment-type
insurance as a financial and retirement planning financial products, mainly
investment-type insurance policy both "financial" and "protection" dual function,
among which the financial institution sales of variable universal life insurance and
variable annuity insurance, the focus for the study and comparison.
Variable universal life isurance is double-effect one of life insurance protection
plus financil investment;Part of the life insurance protection, not only to low
premiums with high security features, but also the adjustment this sum of elasticity
according to risk needs of different stages; part of finance and investment can
control fixed, long-term investment and asset allocation due to business cycle
fluctuations, enjoy the sweet fruit of the smile curve. The cases (a) the variable
universal life insurance as an example, compare two different insurance policies
issued by insurance companies, the results show: A policy both in the expense ratio,
the cumulative effect of account value, account value withdrawal effects in the rate
of 6% return on investmenthan the investment policy B has the advantage, but in
the rate of -6% returnon investmet, the account value of the cumulative effects
Account Value Policy A withdrawal was better than excellent.
Most important feature of variable annuities is to prepare youth to old age, in
addition to a cumulative period of the investment strategy used to create robust and
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flexible reward, the greatest advantage is the cumulative one-time payment option
upon expiry or select the annuity account value each year of Pension, in addition to
living longer, the more lead, but if the words of good return on investment, but also
the fight against inflation to avoid shrinking pensions. The cases (b) variable
annuity as an example to compare the two insurance policies issued by different
insurance companies, the results show: The fee rate annuity A pension B than
lower, but the management fee is charged for life, and if the return on investment
6%, the annuity value of the cumulative effect of A account, the account value of
the withdrawal effects are more advantages, if the investment return rate of -6%,
the cumulaive effect of account value, annuity account value withdrawal effects of
B is better.
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