Life insurance is insurance based on human nature.

Personal insurance refers to insurance with human life and body as the subject matter of insurance. The common forms of insurance accidents in life insurance are: death, disability, illness and accidental injury.

Life insurance is an insurance with life and body as the subject matter. When people suffer from unfortunate accidents or lose their working ability, disability, death or retirement due to illness or old age, according to the insurance contract, the insurer pays insurance money to the insured or beneficiary to solve their financial difficulties caused by illness, disability, old age and death.

Life insurance is under the socialist system. Life insurance is one of the forms of material security for workers when they encounter unfortunate accidents, lose their ability to work or their families die. There are many kinds of traditional life insurance products, but they can be divided into life insurance, personal accident insurance and health insurance according to the scope of protection.

Life insurance can be divided into term life insurance, whole life insurance, endowment insurance and annuity insurance, while health insurance can be divided into sickness insurance, medical insurance, disability income loss insurance and nursing insurance. Among them, annuity insurance is named because it adopts the form of annual periodic payment in insurance payment. In practice, annuity insurance also has various forms such as quarterly payment and monthly payment.

Endowment insurance can provide the insured with the funds needed for providing for the aged, while education annuity insurance can provide the necessary financial support for children's education.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.