台灣人壽最強美元躉繳儲蓄『吉美鑫』PK 『美元定存』，報酬率分析 @ 黃大偉理財研究室

『台灣人壽吉美鑫美元利率變動型增額終身壽險』PK 『美元定存』，報酬率分析

台灣人壽吉美鑫美元利率變動型增額終身壽險擁有超高的宣告利率，並在2018/2月又提高宣告利率至3.89%，接著在2018/4月又提高宣告利率至3.93%， 6月又再度升至3.97%，連３升，震憾壽險業。在預息美國聯準會升息的脚步漸近，相信各家壽險公司會逐漸把宣告利率向4%靠攏。

吉美鑫-價值投資.PNG

本文不用內部報酬率IRR做比較，而是每個年度末解約時的累積淨損益及總報酬率來分析，並且以大家熟知的定存做為比較對象，讓讀者更容易理解！

繳費方式

躉繳，並以美元為限。

投保年齡

0歲至80歲

最低保額

最低投保金額：5,000美元～300萬美元。

宣告利率

3.97% (2018/06) 再再升!

3.93% (2018/04) 再升!

3.89% (2018/03) 升!

3.85% (2018/01)

保單預定利率

1.50%

附加費用率

4.42~7.1 %

高保費折減

6.5萬美元(含)以上：0.3%

解約費用率

基本保額和解約金之關係

解約 / 減少保單價值準備金費用

年度	1	2	3	4	5	6	7
費用率	25%	20%	2.9%	1.7%	1.2%	1.0%	0%

申請解約時：解約費用 =【申請解約時之保單價值準備金】×【當年度之解約費用率】。

『台灣人壽吉美鑫美元利率變動型增額終身壽險』報酬率分析

40歲女投保，基本保額 81,500美元，躉繳保險費為162,324.0美元，增值回饋分享金選擇購買增額繳清保險為例

保單年度	累計實繳保險費 ( A )	年度末解約總領金額 ( E )	淨損益 ( D )=( E)-( A)	年度末累計報酬率 ( E -A)/( A )
1	$162,324	$122,356	-$39,968	-24.62%
2	$162,324	$136,257	-$26,067	-16.06%
3	$162,324	$170,338	$8,014	4.94%
4	$162,324	$179,259	$16,935	10.43%
5	$162,324	$187,348	$25,024	15.42%
6	$162,324	$195,246	$32,922	20.28%
7	$162,324	$204,838	$42,514	26.19%
8	$162,324	$213,046	$50,722	31.25%
9	$162,324	$221,583	$59,259	36.51%
10	$162,324	$230,461	$68,137	41.98%
11	$162,324	$239,695	$77,371	47.66%
12	$162,324	$249,300	$86,976	53.58%
13	$162,324	$259,290	$96,966	59.74%
14	$162,324	$269,678	$107,354	66.14%
15	$162,324	$280,486	$118,162	72.79%
16	$162,324	$291,726	$129,402	79.72%
17	$162,324	$303,415	$141,091	86.92%
18	$162,324	$315,573	$153,249	94.41%
19	$162,324	$328,217	$165,893	102.20%
20	$162,324	$341,368	$179,044	110.30%

由上表保單的損益,我們有下面觀察結果:

由上表保單的損益,我們有下面觀察結果: 台灣人壽吉美鑫美元利率變動型增額終身壽險在第3年末提早解約即為正報酬，但前2年末前解約會有不小的負報酬，第10年末的總累積報酬率約為41.98%，第20年末的總累積報酬率可達110.30%。

定存報酬率分析

接下來, 我們來分析定存的損益, 以一年期的美元定期存款的整存整付的年利率=1.95%來計算，美元高利定存屬短期及有新資金限定的多頭要求，以中、長年期的報酬率分析，並不適用。

各銀行美元定存利率請參下面文章:

2018年各大銀行美元定存利率比較表

首年存 $162,324.0美元

第一年度的本利和 = $162,324 × (1+ 1.95%)^( 1)

第二年度的本利和 = $162,324 × (1+ 1.95%)^{( 2)}

第三年度的本利和 = $162,324 × (1+ 1.95%)^( 3)

第四年度的本利和 = $162,324 × (1+ 1.95%)^( 4)

第五年度的本利和 = $162,324 × (1+ 1.95%)^( 5)

第六年度的本利和 = $162,324 × (1+ 1.95%)^{( 6)}

第七年度的本利和 = $162,324 × (1+ 1.95%)^( 7)

....

依此類推到各年度以求精確!

保單年度	累計實繳本金 ( A )	年度末解約總領金額 ( E )	淨損益 ( D )=( E)-( A)	年度末累計報酬率 ( E -A)/( A )
1	$162,324	$165,489	$3,165	1.95%
2	$162,324	$168,716	$6,392	3.94%
3	$162,324	$172,006	$9,682	5.96%
4	$162,324	$175,360	$13,036	8.03%
5	$162,324	$178,780	$16,456	10.14%
6	$162,324	$182,266	$19,942	12.29%
7	$162,324	$185,820	$23,496	14.47%
8	$162,324	$189,444	$27,120	16.71%
9	$162,324	$193,138	$30,814	18.98%
10	$162,324	$196,904	$34,580	21.30%
11	$162,324	$200,744	$38,420	23.67%
12	$162,324	$204,658	$42,334	26.08%
13	$162,324	$208,649	$46,325	28.54%
14	$162,324	$212,718	$50,394	31.05%
15	$162,324	$216,866	$54,542	33.60%
16	$162,324	$221,095	$58,771	36.21%
17	$162,324	$225,406	$63,082	38.86%
18	$162,324	$229,802	$67,478	41.57%
19	$162,324	$234,283	$71,959	44.33%
20	$162,324	$238,851	$76,527	47.14%

定存儲蓄的絕對優勢是絕對的正報酬，這奌沒有任何理財工具可以與之匹敵，２０年的累積淨報酬率可達47.14%!

另外，購買儲蓄型保單也要確定報酬率是勝過定存的，下面４篇文章有最新利率資訊。

2018年各大銀行台幣定存利率 (1.30% ~ 1.15%) 比較表

2018年各大銀行人民幣定存利率比較表 (1.8% ~ 2.55%)

2018年各大銀行美元定存利率比較表 (1.75% ~ 2.21%)

2018年各大銀行澳幣定存利率比較表 (最高2.0%)

『台灣人壽吉美鑫美元利率變動型增額終身壽險』 PK 定存報酬率

最終來到本文最重要的部分，超級比一比，定存報酬率ＰＫ台灣人壽吉美鑫美元利率變動型增額終身壽險，我們把各年度報酬率勝的一方，用藍色的方塊來顯示，負報酬用紅色文字，而正報酬用黑色文字顯示。

(1) 報酬率的差異:

保單年度	累計實繳保險費	吉美鑫年度末解約總領金額 ( A )	美元定存累計報酬率	吉美鑫累計報酬率
1	$162,324	$122,356	1.95%	-24.62%
2	$162,324	$136,257	3.94%	-16.06%
3	$162,324	$170,338	5.96%	4.94%
4	$162,324	$179,259	8.03%	10.43%
5	$162,324	$187,348	10.14%	15.42%
6	$162,324	$195,246	12.29%	20.28%
7	$162,324	$204,838	14.47%	26.19%
8	$162,324	$213,046	16.71%	31.25%
9	$162,324	$221,583	18.98%	36.51%
10	$162,324	$230,461	21.30%	41.98%
11	$162,324	$239,695	23.67%	47.66%
12	$162,324	$249,300	26.08%	53.58%
13	$162,324	$259,290	28.54%	59.74%
14	$162,324	$269,678	31.05%	66.14%
15	$162,324	$280,486	33.60%	72.79%
16	$162,324	$291,726	36.21%	79.72%
17	$162,324	$303,415	38.86%	86.92%
18	$162,324	$315,573	41.57%	94.41%
19	$162,324	$328,217	44.33%	102.20%
20	$162,324	$341,368	47.14%	110.30%

由『定存累計報酬率』及『吉美鑫累計報酬率』欄位來看，前3年『銀行定存』報酬率勝過『台灣人壽吉美鑫美元利率變動型增額終身壽險』，第4年末後開始反轉，第10年末時，『吉美鑫累計報酬率』約為『定存累計報酬率』的２倍。

(2) 解約金的差異:

保單年度	累計實繳本金	吉美鑫年度末解約總領金額 ( A )	美元定存年度末解約總領金額 ( B )	保單解約金減定存本利和 ( A-B)
1	$162,324	$122,356	$165,489	-$43,134
2	$162,324	$136,257	$168,716	-$32,459
3	$162,324	$170,338	$172,006	-$1,668
4	$162,324	$179,259	$175,360	$3,899
5	$162,324	$187,348	$178,780	$8,568
6	$162,324	$195,246	$182,266	$12,980
7	$162,324	$204,838	$185,820	$19,017
8	$162,324	$213,046	$189,444	$23,602
9	$162,324	$221,583	$193,138	$28,445
10	$162,324	$230,461	$196,904	$33,556
11	$162,324	$239,695	$200,744	$38,951
12	$162,324	$249,300	$204,658	$44,642
13	$162,324	$259,290	$208,649	$50,640
14	$162,324	$269,678	$212,718	$56,960
15	$162,324	$280,486	$216,866	$63,620
16	$162,324	$291,726	$221,095	$70,631
17	$162,324	$303,415	$225,406	$78,009
18	$162,324	$315,573	$229,802	$85,771
19	$162,324	$328,217	$234,283	$93,934
20	$162,324	$341,368	$238,851	$102,517