Life insurance, life insurance, is it necessary to buy it? Do you have any spare money?

It is necessary to buy life insurance for life.

Life insurance is a kind of life insurance with the survival or death of the insured as the payment condition, which mainly includes term life insurance, whole life insurance, endowment assurance and annuity insurance. Life insurance includes endowment insurance and whole life insurance.

In addition, friends with spare money can also buy financial insurance to manage their finances. Sister Xue has compiled a top ten list of financial insurance. Friends who are just interested can take a look first: Top Ten Financial Insurance Rankings ▏ Want to buy high-yield financial insurance? Don't miss this 10 model again!

Let's talk about these two life insurance policies first:

Endowment annuity insurance belongs to financial management insurance. Annuity insurance means that the applicant pays the premium to the insurance company in one lump sum or in installments according to the agreed method, and then the insurance company pays the annuity to the insured or beneficiary according to the time and method agreed in the insurance contract.

The following are the top ten annuity insurance rankings. Interested friends may wish to have a look: Top Ten Annuity Insurance Rankings ▏ Want to buy high-yield annuity insurance? Don't miss this 10 model again!

Whole life insurance refers to life insurance with the death of the insured as the subject matter and the insurance period of life. Because people's death is inevitable, buying whole life insurance can definitely get compensation. Compared with term life insurance, the premium in whole life insurance is generally higher, but the proportion of compensation is more certain.

Whole life insurance is divided into the following two types:

The term whole life insurance has both the functions of saving and security, and the insured amount will remain unchanged during the security period.

Although whole life insurance's pre-insurance amount is low, compared with whole life insurance's, the pre-insurance amount will be weak, but the insurance amount will increase year by year. The longer you live, the upper limit is not capped. It has the following advantages:

1, which can be used as an educational fund reserve, and can be accessed at any time, which is convenient and fast;

2. If this product has the right to reduce insurance coverage, you can generally choose to receive certain insurance benefits after retirement to improve the quality of retirement life;

3. In case of risk, the insurance money paid for death can continue the family responsibility;

4. Designated inheritance of wealth, protected by law, tax-free costs, exclusive assets, and enhanced privacy.

Sister Xue compiled a list of incremental life insurance here. Click on the link below to see: freshly baked! Five High-yield and Profit Increasing whole life insurance, don't miss it!

Hope to adopt!

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