Yongfu life annuity insurance has a one-time option. If the insured survives until the first collection date of the survival insurance money stipulated in the contract, the beneficiary may choose to receive the survival insurance money in one lump sum, and the contract is terminated. In order to exercise the above option, the beneficiary of the survival insurance money needs to exercise it within 30 days before the first date of receiving the survival insurance money agreed in this contract. If the beneficiary of the survival insurance fails to exercise the option within the above-mentioned time limit, it will be deemed as giving up the option, and the insurance company will continue to perform its insurance responsibilities in accordance with the contract. In addition to the above responsibilities, during the insurance period of this contract, the insurance company also bears the following responsibilities to the insured:

1. Survival insurance.

2. Death insurance.

The amount of death insurance is the greater of the following two amounts:

(1) Cash value of the contract on the day of death of the insured;

(2) 1 10% of the contract insurance premium you have paid.

If the insured dies after the first life insurance payment stipulated in the contract, the insurance company will pay the death insurance money to the beneficiary and the contract will be terminated. Death insurance amount:

(1) If you choose to receive the survival insurance money on an annual basis, it is equal to 20 times of the annual amount, minus the amount of the survival insurance money already received by the beneficiaries of the survival insurance money;

(2) If you choose to receive the survival insurance money on a monthly basis, it is equal to the amount of the survival insurance money that the beneficiary of the survival insurance money has received minus 240 times the monthly amount.