What are the disadvantages of insurance? Disadvantages of buying insurance

Hello, you asked a good question.

First, insurance has to be paid. (Can you tell me what is in the world that you can get without money and give you benefits?) ）

Second, it is impossible to cover all of them with insurance. (I'll give you money, will you keep me all?) ）

Third, insurance can only be protected after paying the corresponding money. (Now you spend 5 cents on a flatbread, will the merchant give you a fritter?) ）

Fourth, insurance can't give you anything, it can only make you lose less when you're in trouble. (But often you pay several times or even dozens of times!) ）

Fifth, the insurance premium cannot be collected casually until the time specified in the contract. (You also need to make an appointment for a seven-day fixed rate at the bank, not to mention the contract you signed.) ）

It's not good to say, I don't know if you're satisfied.

You can add me if you want.

Willing to advise you on insurance.

I wish good people a safe and healthy life.

I don't quite agree with the first floor, the disadvantage of insurance is that it is more professional, and many people have taken out insurance without a thorough understanding, resulting in too many misunderstandings (friction and disputes continue). Yong'an City, Fujian Province Ping'an.

Insurance can cover it all.

You can return it.

Hello: The only downside of insurance is that it costs money.

Only buy the right ones, don't think about buying what you can earn.

The insurance industry has a low threshold, so almost an individual can do it, resulting in a mixed range of insurance practitioners, some exaggerate, and some do not say that there is, misleading consumers, this situation does exist. And there are many kinds of insurance, not every insurance is comprehensive, just like home appliances: you can't always take the refrigerator as a TV to watch, right?

But these are all household appliances. Insurance is the same.

The biggest disadvantage is that you are afraid that you will buy a refrigerator and go home with a color TV. When buying insurance, be sure to read the terms and conditions clearly, so that you can do it. In addition, remember not to be greedy, insurance is not financial management, don't expect him to make more money than **, and don't look at the short-term, in the long run, it is indeed much better than the bank's interests, but it is definitely not as high as the interest indicated by the small loan company outside.

Insurance that protects money is stable, but it is not overearned.

It is definitely good to buy insurance, because insurance is a tool for risk transfer, so buying insurance can effectively help you transfer risk.

There are several benefits to buying insurance:

1.Buying insurance can bring real protection to the insured, as long as the claim conditions of the insurance terms are met, the insurance company will provide the corresponding protection for the insured during the insurance period. In this way, you can avoid the difficulties in your own life and that of the whole family;

2.It can provide living security in your old age to avoid "being old and having no one to rely on";

3.We have no way to control the disease, the disease is not terrible, the terrible thing is that the burden of medical expenses of the disease is terrible, and the purchase of insurance can effectively help you solve a large part of the medical expenses;

4.Accidents are unknown, buying insurance can resist unknown risks, when you can't work because of accidents and have no economy, insurance can provide a certain family income, so that life can continue.

The biggest advantage of buying insurance is to transfer the risk and protect people from the damage caused by any accident anytime, anywhere, and without worrying about their own income capacity or loss of earning ability.

What are the benefits of buying insurance.

Benefits of Buying Insurance: Spread the accident losses and make the family financially stable.

Disadvantage of buying insurance: premium burden, annual and monthly premiums form long-term family liabilities. Surrender of the policy may result in financial loss. Investment income may not be as high as that of a fixed deposit. Premiums can only be claimed if the conditions are met.

Personal opinion, for reference.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

1. Benefits of Buying Insurance:

Share the accident losses and make the family financially stable. Accident insurance and medical insurance are both to create an emergency cash for the purchaser when something happens, while endowment insurance is a guarantee for future life. Commercial insurance is precisely a supplement to social insurance.

Social endowment insurance is the most basic life security, medical care is also compensation for hospitalization expenses, it does not have accident insurance, and commercial insurance endowment insurance is to improve the quality of future pension life, its accident insurance also brings high value protection for the insured.

Second, the disadvantages of buying insurance:

The burden of premiums, the annual and monthly premiums form long-term liabilities for families. Surrender of the policy may result in financial loss. Investment income may not be as high as that of a fixed deposit. Premiums can only be claimed if the conditions are met.

The advantage of buying insurance is that it can transfer some economic risks or achieve more stable income, but the disadvantage is that the premium will become a long-term debt for the family, which is easy to generate payment pressure, and it is easy to have economic losses when surrendering the policy halfway.

In addition, it is recommended to take a look at these basic insurance knowledge before buying insurance: super complete! Everything you need to know about insurance is here.

If you insure yourself with some protection insurance such as critical illness insurance, medical insurance, accident insurance and life insurance, you can transfer the corresponding economic risk.

For example, critical illness insurance can transfer the financial risk of a family due to a critical illness.

After all, if you unfortunately suffer from a serious illness, the whole family often has to bear hundreds of thousands of ** expenses.

If the breadwinner of the family is unfortunately diagnosed with a critical illness, the whole family will lose the main financial support of the family**.

If you have purchased critical illness insurance, the insured can directly get a large amount of money (depending on how much insurance is insured), so that you can help transfer the family's financial risk.

For a detailed understanding of the four major protection insurances, you can take a look: What is the difference between critical illness insurance, medical insurance, accident insurance, and life insurance? Will there be a conflict when making a claim?

In addition, under the downward trend of interest rates, many people will buy some financial insurance to plan their funds.

For example, products such as traditional annuity insurance and increased whole life insurance can obtain certain returns without losing the premiums paid, so that you can achieve financial planning that is safe in your pocket.

However, there is a premium to pay to buy insurance.

In order to reduce the pressure of payment, people often choose a longer payment period, which can easily make this premium a long-term debt for the family, and the policyholder needs to have continuous ability to pay.

In addition, if the policy is surrendered after the cooling-off period, the insurance company will only refund the cash value, and the cash value of some types of products is difficult to exceed the accumulated premiums paid, and there will be a certain loss in surrendering the policy.

That's all I've got on the issue, I hope it helps!

The top 10 disadvantages of buying insurance are:

1) There is a premium threshold, commercial insurance is not charity, and the premium threshold turns out many of the truly poor;

2) It is not friendly to the elderly. First of all, from the perspective of the key fee, the premium for the elderly is much more expensive; Second, from the perspective of health notices, health notices are basically required to purchase health insurance, which is difficult for the elderly to pass.

3) The use of insurance is a probabilistic event. After buying insurance, some people may not need it for the rest of their lives. Hundreds of thousands of premiums ended up buying a few blank sheets of paper.

4) There are many types of insurance products, which require a certain degree of identification ability. If you're not careful, you may fall into the trap of buying unsuitable products.

5) The ability to protect the insurance is linked to the premium. The sum insured is bought back with money. The higher the sum insured, the more money you pay.

6) The amount of insurance will be affected by inflation, especially critical illness insurance. You can buy 200,000 or 300,000 now, and it may be a drop in the bucket in a few decades.

7) Medical technology continues to advance, but short-term products are unstable, and long-term product guarantee content is fixed, not updated, and it is difficult to keep up with the pace.

8) Many people do not accept insurance, thinking that insurance is a fraud, and buying insurance is interfered with by their relatives.

9) The difficulty of purchasing insurance is complicated, and it is difficult to have a clear understanding when purchasing, and you may face claims disputes.

10) If you choose to surrender the policy in the middle of the policy, the premium will not be refunded and there will be a loss.