Why do the rich buy insurance, and why do the rich like to buy insurance

Consider the need for protection.

Because the thinking of the rich is ahead of the foresight. Take real estate 10 years ago, for example, when thinking people went to buy a large number of houses with bank money, why did they buy a house? Renting out to the outside world uses the money from the rental house to repay the bank interest.

Everyone also knows how many times the price of housing has increased now compared to 10 years ago, and they have sold the house they bought, and today they are rich.

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

In the event of illness or accident or death of a wealthy person, the economic risk to the family is greater, so it is more necessary to allocate insurance. And for the wealthy, they have more abundant funds, have the strength to buy insurance, and can build a sound protection system for themselves, such as critical illness insurance, million medical insurance, accident insurance and life insurance.

And the wealthy also have a great demand for wealth inheritance and property appreciation, and the wealth management insurance in the insurance can also meet their insurance needs well.

You must know that rich people like to pursue "money to make money", and compared with high-risk investment methods such as annuity insurance and increased whole life insurance in financial insurance, although their returns will not be very high, they are relatively stable and safe.

Moreover, insurance such as increased whole life insurance has the role of wealth inheritance. After applying for increased whole life insurance, you can agree on the benefit share of the income and distribute the relevant insurance money to the designated beneficiaries. In this way, when the insured unfortunately passes away, the beneficiary can get the insurance money agreed in the contract, which not only realizes the inheritance of wealth, but also effectively avoids property disputes.

The senior sister has also sorted out the following excellent increased whole life insurance products for you, and you can also refer to whether there is a suitable one for you:Freshly baked! Don't miss out on the top 5 high-yield incremental whole life insurance!

The senior sister suggested that even if you have money, you need to clarify your needs first, see what type of insurance you need, and then choose the corresponding product. If you start blindly, insurance may not be able to give you more powerful protection. Considering that we may have risks such as illness, accident, and death at any time, we should give priority to the allocation of critical illness insurance, accident insurance, medical insurance, life insurance, and other protection insurance, and then allocate wealth management insurance.

For more precautions about insurance, the senior sister also sorted it out for you in this article, you can take a look:[Insurance] which is good, how to buy a good deal, hand in hand to teach you to avoid these pitfalls of insurance

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Abstract] Some wealthy people feel that they don't need to buy insurance, in fact, for the rich, insurance can not only transfer the economic losses brought to us by the risks of daily life, but also exempt from paying various taxes. Insurance has many functions, and for those who have money, the role of insurance is mainly to preserve the property they already have. One visit to the doctor.

If you need $100,000, you don't have a problem with your financial resources. However, if insurance can solve this problem with only more than 1,000 yuan, why not keep your 98,000 yuan? It is not easy for us to accumulate wealth in this world, a serious illness or an accidental injury accident can wipe away the savings of ordinary people for decades, and we should adopt the most effective method to preserve the fruits of our labor in exchange for blood and sweat.

Insurance is by far the most scientific method of property preservation that mankind has summed up. It can not only transfer the economic losses brought to us by the risks of daily life, but also exempt from paying various taxes. Many of the world's richest people have high insurance coverage to protect their lives and the value of their wealth.

Think about it, if you have a money printing machine, should you take care of the machine? Or take care of the printed banknotes? I must choose to take care of the machine, because the banknotes can be reprinted when they are gone, but if the machine is gone, there is nothing, and a successful person is like a money printing machine.

The most important thing is the value of the person himself. Once a person's health or life is lost, everything is empty. Now there are people in society who think:

I don't need to buy insurance if I have money, and the insurance company is also to make money, so I might as well use this part of the insurance money to make money by doing business on my own. This may be true for doing business, but it is very different as a risk prevention. Because insurance is used to protect against the occurrence of risks, which is incomparable to any investment.

There are unpredictable circumstances in the sky, and people have good and bad luck. Friends, you may have heard that some millionaires die in an instant due to accidents such as traffic or illness, and the rest of the money will not make the good life of their wives and children last long. Risk doesn't stay away from you just because you have money.

In addition, personal income tax.

Bank profit tax, the introduction of the real-name system for banks, and the introduction of inheritance tax in the near future.

It will help you do a better job in family finance, keep the fruits of your hard work, and be exempt from paying all kinds of taxes, because insurance is a tax-free paradise. Developed country.

Each person has three or five insurance policies, and the insurance rate is close to 100%. In particular, it is important to emphasize that seals can seize all kinds of property, but not insurance. So only insurance is what you really have.

Giving birth to children, the tax bureau can legally "rob" the so-called "inheritance tax" of up to 50%. If you buy insurance, the tax office can only stare dryly, because the payment of insurance benefits is completely tax-free, and it is a real tax-free paradise. Some wealthy people in Shenzhen pay hundreds of thousands, hundreds of thousands, or even one or two million yuan in premiums every year, mainly for tax avoidance and property preservation.

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

First, not all rich people like to buy insurance, in terms of probability, it is not very high, but they buy it for various reasons.

Second, insurance has a function of asset preservation, that is, it can help customers to achieve tax and other planning on the basis of value-added of his funds.

Third, insurance funds are the safest funds, and rich people have their own investment channels and put their money in insurance, largely for the safety of funds

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

Wealthy people are risk-conscious and will buy insurance. Insurance is divided into property insurance and life insurance.

1. To protect people from the damage caused by any accident at any time and place, so as to avoid putting themselves and their family members who depend on them from falling into a desperate situation, and do not need to worry about the reduction of their own income or loss of earning ability;

2. In order to maintain financial independence and personal self-esteem in old age;

3. People do not have the privilege of refusing to get sick, but wise people know how to prevent it. Illness is not terrible, the huge medical burden is, and enrolling in medical insurance for yourself and your family is another benefit of avoiding major expenses;

4. When you are unable to work due to an accidental injury, insurance can provide a fixed family income, which is a benefit that other incomes cannot handle.

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

Is it the preserve of rich people to buy insurance ---x0d x0a? Many people think that when they don't have money, they should find a way to make more money and buy insurance when they have money. In fact, the "poor" are more in need of insurance than the rich because they are less resilient to risk.

In fact, whether it is "rich" or "poor", as long as there is a real need, you should insure yourself in time. x0d x0a chubby: Recently, ** has been very weak, so that the money I originally planned to buy insurance has been wasted.

x0d x0a chubby: That's not right what you said, just now blame me for not buying it in advance? You don't even have the heart to buy it!

The rich and the poor have insurance needs, but I think the "poor" need insurance more than the "rich". x0d x0a Chubby: Do you think, the "poor" have no money, and if they get sick or encounter a disaster in their lives, won't they be even poorer if they spend a lot of money, and they can't even look down on illness; Rich people can at least carry it, but if they can't carry it, they will become "poor".

x0d x0a Chubby: Of course, for low- and middle-income families to use their limited premium budgets on the "cutting edge", first of all, they must correctly determine the order of insurance. Specifically, it should first consider the protection of life insurance and health insurance, then the protection of pension insurance and education insurance, and finally the insurance that focuses on investment functions.

x0d x0a chubby: Then you have to find your own needs. In terms of life insurance protection, the rates of some accident insurance and term life insurance types of annual insurance will be much lower than that of whole life insurance products, and in terms of health protection, the rates of consumer-based critical illness insurance and term critical illness insurance with annual insurance are much lower than those of whole life insurance.

x0d x0a chubby: Under the limited premium expenditure, not only the type of insurance should be divided into priorities, but the determination of the insured should be prioritized, usually, it should be the first consideration to insure the main economic pillar of the family, that is: adults first and then children.

x0d x0a Chubby: Usually the insurance budget should be 10% to 20% of the family's income. You can start by calculating your household income.

The amount insured should be based on the principle of not bringing a heavy financial burden to the family, but also meeting the protection needs of family members as much as possible. x0d x0a big skinny: It seems that I, a "poor man", really need to buy some insurance, but you, a "rich man", should not hesitate any longer, buy a day earlier, and avoid becoming a "poor person" as soon as possible.