Language:繁體简体EN/planning/life-protection /zh-hans/planning/life-protection /en/planning/life-protection
Planning layers
Protect · Succession
Life insurance starts as a death promise, then wrappers add savings/investment. Term usually pays only if death falls in-term at higher leverage; whole life, participating savings, universal and ILAS differ on cash value and who bears risk—pick duration and duty events before product names.
Decreasing term often maps to mortgage/family-income scenes; renewable/convertible options trade for attained-age premiums and caps. Policy anatomy—grace, nonforfeiture, reinstatement, beneficiary, suicide timing—defines exits if premiums stop mid-way.
Key questions to ask
- Is the duty time-bounded (mortgage/child years) or do you need lifelong cash leverage?
- Does the sum align with debts and income replacement—not a hot-selling face amount?
- Are beneficiary, contingent beneficiary and owner/payer/life-insured roles clear?
- After a lapse path, which nonforfeiture options exist—and how thin is early cash value conceptually?
Common tool types (catalogue-level)
- Term life
- Whole life
- Mortgage / decreasing term (concept)
- Waiver of premium
Compliance & boundaries
- Life cover is usually a benefit contract, not indemnity; credit-life exceptions follow terms. No plan recommendations here.