[Korea gimmingyeong financial newspaper reporter] ING Life launched the 'ING Good start earning variable insurance' is not deducted contract costs for the contract, which paid the premiums recently.
This product is not subject to contract insurance costs from the customer to pay. Thus, it added to the premium put into a special account that much. As a result, we can expect a higher return on reserves. Assuming the premiums paid one million won a month Shem earn an additional 2 to 4 million won depending on the insurance premiums paid one month period.
Also, if you maintain the contract over five years without adding to much a portion of the monthly "special account management fees, the contractor reserves. Refund is 3.75 monthly special account to 15% of the management fees (up to 50% of management fees) depending on the level of premium paid.
However, if you terminate the contract of the payment period (up to 7 years) it shall be deducted from the contractor a predetermined termination allowance reserve. But this is also the longer the payment period, unlike existing products grow without the termination deductions, deductions applied to terminate the shortest lead-benefit basis, regardless of the delivery back to the customer raised.
Nodonguk ING Life Insurance Products Division Managing Director said that "products that provide obvious benefits for the contract to maintain," said "The purpose is to help launch customers to maintain long-term insurance to enjoy the guarantees for the subscription of the original objectives".
Subscription customers can be customer-designed and can choose the managers invest in competitive-type method, change after 1 year after in a contract insurance year based on fund type within twice (customer-designed, managers compete type) depending on the inclination. If increasing life expectancy by applying the mortality rate of the first private pension contract point in the transition to annuity has an effect increasing the pension. Add payment shall be up to 200% of total basic premiums per year, there is no fee for this. Sign up six months after the withdrawal can be severe. If you meet the requirements of the relevant tax laws may also receive non-taxable benefits.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
