The universal life insurance originated from U.S.A.It offers the flexible property of combing the protection and investment,which is focused by many people.There is a development history of more than 20 years in U.S.A in the universal life insurance.It is an important life insurance in Europe an America.China Pacific Life insurance company firstly introduced the concept of the universal life insurance to our insurance industry.After Ping An insurance company issued a life insurance product of universal type in 2004,this product was promptly fashionable.In 2005,the share of this product is about 50%in Ping An insurance company.
It is a historic necessity for China to develop the universal life insurance.On the one hand,it can target to the potential market.On the other hand,it can cater for the increased different need of the consumers.So it has favorable prospects for future growth.But it is a pity that the universal life insurance brings many problems,which hinder its development.How to solve these problems is necessary for its long-term development in China.
In this article, we discuss.Some constructive solutions were found to solve these problems,including exterior environment.these will be helpful to the future development of universal life insurance in China. In the end,the prospects ofuniversal life insurance in China were also discussed.
Keywords：Universal life insurance；Insurance market；Insurance investment
