Is participating whole life insurance good? What is the best way to buy life insurance?

Hello, participating life insurance is actually not worth buying, if you want to buy life insurance, you can decide according to our own actual situation.

If you want to know what kind of life insurance you can buy, you can click to make an appointment for a 1-to-1 insurance planning service, and Shamrock Insurance_Dedicated Insurance Brokers will provide you with professional advice.

Disadvantages of participating insurance:

Weak protection. As we mentioned above, participating whole life insurance is actually on the financial side, so its protection function is much weaker than our basic insurance.

Uncertain returns. Participating whole life insurance involves investment, and the dividend income is not guaranteed to be high.

Income is not high. Although it is said that participating whole life insurance can be used to invest in finance, but it is still insurance in the final analysis, the return is certainly not comparable to stocks and funds, if you want to rely on it to get rich, it is impossible.

If you want to buy life insurance, no matter how much coverage you buy, you should at least cover the expenses of your family mortgage, car loan, children's education and parents' retirement.

For those who are carrying a large mortgage, you can consider at least 1 million and above, while those in second-tier and other cities can reduce it appropriately.

As for the protection period, for the average family, insurance to retirement age, sixty or seventy years old is enough, after all, to this age, the child is big, the family debt is also clear, the burden of responsibility on the body are slowly unloaded, so the insurance to retirement is enough.