Often wholesale payment appears in the payment period of insurance. In fact, wholesale payment is easy to understand, that is, one-time payment.

Insurance during the payment period has many advantages. First, it's cheap. In the case of the same premium, the shorter the payment period, the more benefits consumers get, which can reduce a lot of premiums. Second, convenience. One-time payment can avoid the trouble of continuous payment in the future, and you don't have to worry about late payment.

2. What's the difference between wholesale payment and regular payment?

During the insurance payment period, in addition to the wholesale payment, there is also the option of paying the premium in advance. Refers to the limited payment of premiums on time. Under normal circumstances, premium payment by installments includes quarterly payment, annual payment and monthly payment.

So, what's the difference between wholesale delivery and delivery? Look at this example and you will understand.

Analysis of buying a house and a car, you can pay all the money in one lump sum when you pay the money, and you can pay in installments. When we pay the insurance premium, we can choose wholesale or installment payment.

Then, when we pay the premium, should we choose to pay in bulk or in advance? The answer is essentially different from person to person. Let's take the choice of payment period of critical illness insurance as an example to tell friends how to choose the payment period of critical illness insurance.

Let me tell you a little secret first. One advantage of paying premiums in advance is that it can't be compared with paying premiums in bulk. This feature is free of charge.

Many insurances will bring their own or allow additional premium exemptions. After the insured/insured suffers from an agreed disease for the first time or reaches a certain state, there is no need to pay the subsequent premium, that is, the premium exemption function.