Introduction of life insurance types

Life insurance mainly covers term life insurance, whole life insurance and old-age security.

If you often confuse life insurance with other common types of insurance, you can collect this article: What is the difference between critical illness insurance, medical insurance, accident insurance and life insurance? Will there be conflicts when making claims?

Term life insurance and whole life insurance mainly protect death and total disability. During the guarantee period, when the insured dies or is totally disabled due to illness or accidental injury, the insurance company will pay the corresponding insurance money to the beneficiary.

Term life insurance is guaranteed for a period of time. If the insured is not out of danger during the guarantee period, the premium will not be returned. It belongs to consumption type and is relatively cheap. It is suitable for the distribution of family economic pillars with limited economic budget, and can be used to solve the financial crisis brought by the unfortunate occurrence of family economic pillars.

Whole life insurance, on the other hand, guarantees life, that is, the insured can live as long as he is alive. The role of asset inheritance is very prominent, which is suitable for the allocation of high net worth people.

If you are going to buy whole life insurance, you can refer to this list: It just came out! Five High-yield and Profit Increasing whole life insurance, don't miss it!

Old-age security, also known as life-and-death old-age security, is generally guaranteed by life insurance and death insurance.

If the insured of the two insurances dies within the protection period, the beneficiary can get the death insurance money; However, if the insured still lives until the expiration of the guarantee period, he can get an expired survival insurance money.

It seems that the "double insurance" policy is not bad, but the fact is not that simple: the salesman will definitely not tell you about double insurance!

Hope to adopt

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