[Soup] Less than the original amount after 10 years? The secret that 'annuity savings insurance' does not tell is

Pension savings insurance, the secret that is not told

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The strongest is insurance.

By the end of last year, a total of 160 trillion won was collected in pension savings, of which 70%, or 112 trillion won, went to insurance.

Because they were so aggressive in advertising and sales, such as paying more generously than bank interest with compound interest, people were tempted to flock to it.

However, there are many people who have already signed up and who are surprised when they go in and check how much money I have poured in.

Profitability is very different from what you think.

Some products have been made for 15 years, but there are even cases where the principal is not available.

Because there are secrets that insurance companies do not tell you.

2. The core of the secret is 'business expenses'.

If I send 100,000 won to pension savings insurance, most of you would think that the insurance company would roll this 100,000 won hard and return it to me.

Ding, no.

As soon as I receive 100,000 won of my money, I start with the commission.

That's the business cost.

Do you hardly remember what you heard when you signed up?

I've been to an insurance briefing session on purpose, and I only say that it's good, but I didn't even say 'four' of business expenses until the end.

There is no mention of this business cost on the insurance company's website.

Where is this, is there a thick 'terms and conditions' that you receive after you sign?

It's there somewhere.

But no one reads all of this.

It is also stuck somewhere in the middle, which is very difficult to find even if you know and try to find it.

3. After knowing this fact, the subscribers poured out complaints, so the government did collect how much the pension savings insurance business cost.

But it's really hard to find.

You must first go to a site called 'Integrated Pension Portal' created by the Financial Supervisory Service.

Even so, after entering the section of 'Comparative Disclosure of Pension Products - Principal & Interest Guaranteed Pension Products - Pension Savings Insurance', turn the cursor to the right and press 'Fees charged structure' to check the business cost of the current annuity savings insurance.

If you just write 'comparison of pension savings insurance business expenses', you will find it right away, but it is placed in a place that is difficult to think of just by looking at the name.

If you follow it up to this point, you're saying, "Oh, don't look for this, don't even know about it," I even think.

So, let's see how much the hidden business cost is.

4. If you look at life insurance companies alone, one-sixth of pension savings plans are sold online.

The business cost of this online annuity savings insurance averages 4.86%.

So, if you pay 100,000 won as insurance premium, it means that you take 5,000 won right away as a fee and start investing with 95,000 won.

It is written that it will be paid at an average annual interest rate of 2.3%, but if 95,000 won is called at 2.3% interest, it will take three years to recover the original amount of 100,000 won.

However, five-sixths of pension savings insurance products are sold through planners.

Annuity savings insurance purchased through a planner averages 6.58% of the business cost.

The strongest companies take up to 8.49%.

It means that if you pay 100,000 won, you will subtract 8,500 won.

However, even if the money paid in the first year is recovered after 3 or 4 years, as if singing a round song, the money in between is still in the red.

So it often takes 7 to 8 years or more for the entire amount to rise above the principal amount.

5. So, let's check how much the money in the pension savings insurance will eventually grow.

There is a website called 'Insurance Damoa' created by the government.

This is a place where insurance companies say, "If you buy an annuity savings insurance now, you can make it later."

I pour 100,000 won every month for 10 years.

We calculated how much money the life insurance company would make if it operated for an additional 10 years, that is, a total of 20 years.

1st place is KDB Life Insurance, KRW 16.92 million.

I made a profit of 4.92 million won on a principal of 12 million won.

Last place is IBK Life Insurance, which informs you that you will accumulate a total of 14.6 million won after earning 2.6 million won.

Now, let's say you just take this money to any bank in your neighborhood and put it into ignorant savings.

KB Kookmin Bank's one-year general installment savings interest is now 2.8% per annum.

If you just pour 10 years into this, pay all the taxes to pay, and get it back, it will be 13.43 million won.

Then, find this money and put it in a general time deposit for 10 years at 4.6% per annum this time.

After paying all taxes, I get 18.66 million won.

It is 1.7 million won more than the first insurer and nearly 4 million won more than the last insurer.

6. But this is just the insurance company's prediction.

Let's see the actual operation result.

The 10 life insurers that manage pension savings insurance over KRW 1 trillion have average annual returns of 1.6% over the past 10 years.

The 4 non-life insurance companies operating over 1 trillion won were 1.3% per year.

However, the top 10 companies operating pension savings funds with the same income deduction benefits have achieved an average annual return of 5.6% over 10 years.

Let's talk about 10 years cumulatively.

If you put the same 10 million won into a life insurance company and it grows by 1.6% per year, it will be 11.7 million won 10 years later.

However, if you put it in the fund, it will be 17.2 million won.

As time goes on, the difference widens.

It's even worse when you look at individual products.

In a pension savings insurance product created in 2006, subscribers poured in 1.2 trillion won, and now 900 billion won remains.

16 years have passed, but 25% have actually lost money.

Even after more than 10 years, there are many insurances that are similar to the money paid or accumulated, so-called 'tongtong'.

This is possible because subscribers think it is money they will receive in their old age and do not look closely.

Insurance has advantages over mutual funds.

If you do not pay for a certain period of time, the insurance will be canceled, so there is a part where you are forced to save money that would have been spent by buying pork belly and drinking alcohol if it had not been poured.

The principal is guaranteed and can be divided later for life.

Conversely, there are also products that have lost money among funds.

But anyway, you get a pension later with the money you earned by investing.

If there is a difference in the final amount like this, many advantages may lose their shine.

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