宣称年化收益率超10% “用银行的钱给自己打工”！全网疯传的高收益“新存款” 竟是让你贷款买保险？

Core Viewpoint - The article discusses the rising popularity of high-yield insurance products, particularly "premium financing," which allows individuals to leverage loans to pay for insurance premiums while potentially earning higher returns. However, the actual returns may be significantly lower than advertised due to various risks and costs involved [1][5][6]. Group 1: Product Overview - The so-called high-yield financing insurance, or premium financing, allows policyholders to pay only a portion of the premium upfront and use the policy as collateral to secure a loan from banks or financial institutions to cover the remaining premium [2][3]. - The process involves three main participants: the policyholder, the bank, and the insurance company, with the policyholder leveraging the loan to potentially amplify returns [3][4]. Group 2: Financial Mechanics - An example illustrates that for a total premium of 5 million HKD, the policyholder pays 1.12 million HKD upfront and finances the rest through a bank loan at an interest rate of 4.025%, leading to a projected net return of 99.48 million HKD after 10 years, with an annualized return of 8.87% [4]. - The actual annualized return may be lower than expected, with promotional materials indicating a realistic return of 6.34%, while the advertised 10% is based on idealized calculations that do not account for financing costs and currency fluctuations [5][6]. Group 3: Risks and Variables - The returns from premium financing are highly dependent on three main variables: the actual dividend realization rate of the policy, changes in financing interest rates, and currency exchange rate fluctuations [5][6]. - Historical data shows that if the insurance company's investment performance is below expectations or if market interest rates rise significantly, the actual returns could be much lower, potentially leading to losses [6]. Group 4: Market Context and Consumer Guidance - The renewed interest in premium financing is attributed to changes in the interest rate environment and asset allocation needs, with current low or stabilizing rates making financing costs more manageable [7]. - Consumers are advised to be cautious of exaggerated yield promises, independently verify data, assess their long-term financial capacity, and understand the terms of the insurance and loan agreements [8].