What are the advantages and disadvantages of investment insurance and traditional life insurance?

Suitable for people with high insurance demand but low income at present. 2. whole life insurance: refers to life insurance with death as the payment condition and the insurance period of life. There are many kinds, both traditional and unconventional. The accumulated cash value can be used for policy loans, automatic premium payment, reduction and settlement, etc. Function: Providing financial security for families, providing education expenses for children, and obtaining cash value as retirement income through surrender, which is an important tool for estate planning in whole life insurance abroad. 3. Old-age security: it is a kind of regular savings insurance, which has the functions of death protection and savings. It is an ideal way to accumulate pension and education funds. 4. Annuity insurance: Annuity insurance is very different from life insurance. Life insurance can guarantee the life of the beneficiary after the death of the insured, while annuity insurance can guarantee the life of the insurer. In other words, annuity insurance guarantees the risk of living too long without income, while life insurance guarantees the risk of premature death without income. Suitable for people who do not have or need to increase old-age security. In addition, there are dividend insurance, sickness insurance, medical insurance and accidental injury insurance. Non-traditional insurance advantages: dual functions of protection and investment, strong flexibility (flexible payment, partial cash value, allowing adjustment of insurance coverage), multiple investment options and high product transparency. Disadvantages of non-traditional insurance: uncertain policy income; The insured needs to bear certain risks; Products are more flexible and cannot play the role of compulsory savings. The product is complex and difficult to understand. When purchasing, the buyer should have certain knowledge of financial investment and read the terms and product specifications carefully.

, suitable for people with high income and strong risk tolerance. Personally, I don't know which stage of your life you are in now, such as the initial stage of entrepreneurship, the development stage, the world of two or the family of three. At different stages of life, everyone's demand for insurance is different. When money is scarce, we should focus on ensuring urgent needs. When the economic conditions improve, consider the insurance demand after old age.