Recently, several insurance companies have successively launched a type of endowment dividend insurance. Their basic characteristics are: short payment period - only need to pay for 3 or 5 years; high premium - annual premium is over tens of thousands yuan; low protection - the death insurance benefit is basically equivalent to the paid premium; quick return - the fastest one starts to return cash in the second year.
We take an insurance policy named "Prosperous Life" as an example:
A 0-year-old girl, with an insurance amount of 100,000 yuan, pays an annual premium of 45,080 yuan, pays for 5 years, and has lifelong protection.
The insurance benefits are as follows:
1. Survival Insurance Benefit: Starting from the date the policy takes effect, every two years, receive 9% of the insurance amount, which is 9,000 yuan, payable for life.