What is the insurance demand during the period of family formation?

Characteristics of family formation period: about 25-35 years old, it refers to the stage from marriage to family formation, and then to the birth of children. During this period, economic income has increased to a certain extent, and life has become stable. But on the one hand, young couples begin to assume family responsibilities for both sides and parents; On the other hand, it also bears certain financial pressure, living expenses and mortgage loans.

According to the characteristics of the family formation period, the insurance demand is as follows:

1. Give priority to the full distribution of family economic pillars.

The budget is limited, giving priority to providing adequate and comprehensive protection for family economic pillar planning, focusing on serious illness, life insurance and accidents, and ensuring the lives of other family members. If conditions permit, both husband and wife should be equipped, which can fully transfer risks. You can consider mutual insurance between husband and wife, so that insurance can escort family happiness!

2. Insurance priority allocation: accident > serious illness > life insurance > endowment insurance.

Accident insurance: Young people are more prone to accidents than diseases, so accident insurance is the most basic, and accident insurance premiums are also cheap. If car owners need to drive frequently, they can buy millions of accident insurance, enjoy high prices and travel without worry!

Health insurance: serious illness begins to make you younger, and the young premium is relatively cheap, so you can get better protection. However, the premium of critical illness insurance is high, depending on the family's economic situation. Those who are well-off can choose mutual insurance between husband and wife; If the funds are limited, you can give the pillar full insurance first, or you can choose millions of medical insurance and consumer critical illness insurance as transitional protection.

Life insurance: Many families are facing the pressure of mortgage debt, so they need to supplement the life insurance of homeowners to achieve high-risk protection and help them assume future family responsibilities.

Old-age insurance: If you have sufficient funds, you can apply for old-age insurance, plan the old-age annuity in advance, and rely on time to compound interest and increase value, so as to create a supplementary old-age pension besides social security and win a high-quality old-age life for yourself.

3. Mortgage, car loan, old people and life insurance are standard.

Family responsibility = family debt (house and car loan)+parental support+living expenses+future children's education planning expenditure.

High life insurance can be used as an auxiliary tool for family responsibilities and can prolong the economic life of family financial resources. Life insurance should be combined with the term of mortgage and the number of years of children's growth in the future, whichever is greater. It is recommended to buy term life insurance with low premium and high leverage.

In whole life insurance, the validity period and life span of products are equal, and the leverage ratio is lower than that of term life insurance. However, having a guarantee as a guarantee can also be understood as saving, which can solve the family responsibility problem more and better. Worried.

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