1. There is relative guarantee, which can increase the income: the increased whole life insurance premium will increase with compound interest according to a certain proportion every year.
2. Asset stability
All the guarantees, increase ratio and income of incremental life insurance will be written into the contract in black and white, and the interests of the policy will not be affected because of poor management or some unpredictable changes of the insurance company.
3. Flexible access
Whole life insurance's income increase mode is different from annuity insurance, which is mainly realized by reducing insurance.
Disadvantages:
1, the guarantee leverage is low, and the guarantee function is not strong in the short term.
2, it takes time to compound interest and increase value, which is not suitable for the elderly.