What does life insurance mainly include?

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Life insurance is a commercial insurance product that transfers risks to the insured and all risks to the insurer. Life insurance is actually a general term, and there are many different types of insurance below. Life insurance product information

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1, whole life insurance. It refers to life insurance with death as the condition of paying insurance benefits, which is divided into traditional and non-traditional types. Its characteristics are that the guarantee period is relatively long, the insured is guaranteed for life, and the accumulated cash value can be borrowed by policy. This kind of insurance mainly provides financial security for the insured families and financial support for their children's education. Abroad, if people want to plan their own heritage, whole life insurance is a popular choice.

2. Term life insurance. It provides five-year life insurance, 10 years, ... to 60 years old, etc. It is a purely guaranteed life insurance with no savings or investment. The insured does not participate in the dividends of insurance companies, which is more suitable for people with high insurance demand but low income.

3. Endowment insurance. It is a kind of regular savings insurance, which has the functions of death protection and savings. If you want to accumulate pension and education funds, you can consider this kind of insurance.

4. Annuity insurance. Annuity insurance can guarantee the life of the insured, that is to say, annuity insurance is insurance that provides protection for those who are older and have no income.

5. Other types of insurance, such as dividend insurance, sickness insurance, medical insurance and accident insurance.