What are the pros and cons of insurance management?

Insurance is a very important financial product.

1. Concept: It refers to the commercial insurance behavior in which the policyholder pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility for compensating the insurance money for the property loss caused by the occurrence of the accident that may occur as agreed in the contract, or bears the responsibility for paying the insurance money when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract.

2. Classification: It is divided into social insurance and commercial insurance.

Social insurance is commonly known as five insurances and one housing fund, endowment insurance, medical insurance, unemployment insurance, work-related injury insurance, maternity insurance, and housing provident fund.

Commercial insurance is divided into life insurance, property insurance, liability insurance, and credit insurance. The most closely related to the people is life insurance, which is mainly divided into life insurance, sickness insurance, and accident insurance. There are many more subdivisions that will not be repeated in detail.

3. Pros and cons of financial management of insurance:

Benefits: That is, the first concept, for the contract agreed that the accident may occur due to the property loss caused by the occurrence of the insurance money, in the case of an emergency, can ensure that the life of the insured does not change significantly due to the accident.

Cons: It mainly depends on how you buy insurance. Reasonable asset allocation can effectively reduce the disadvantages of buying insurance, and it is the same as doing other investment and wealth management products.

A few suggestions for your reference:

1. Misunderstanding: There are many insurance and financial products on the market that can not only pay dividends but also provide protection, giving customers the feeling that they can be insured if there is an accident, and if they are fine, they can also pay dividends, but there is one thing to note, usually the cost performance of such insurance is not high, and the premium is much higher than that of insurance without dividends.

3. Buy different insurance for different life stages

Single: Accident Insurance;

A world of two people: life insurance (the insured is two people);

Family of three: certain accident insurance, certain term life insurance (the most cost-effective), appropriate critical illness insurance;

Mature families: accident insurance can be withdrawn, critical illness insurance (focus).

4. Select the insurance person:

Do not slander other insurance companies (character);

Not soft grinding hard bubbles, exaggeration, this kind of people are prone to the phenomenon of a fire in advance and a piece of ice at the time;

Don't choose people with big favors and poor majors.

There are also many important points to pay attention to in insurance, such as exclusions, whether to renew the policy, etc., and you can also read books on this aspect when you have time.

I am the account manager of the Shanghai sales department of a ** company, I am very interested in investment and financial management, I hope mine will be helpful to you, if you have any questions, hi me.

Insurance and wealth management belong to medium and long-term financial management, with capital protection, high returns, and protection.

Cons: Long time.

I wanted to do the question.,But after reading the answer to login 11.,I just.。。。 Ha ha.

Hello, the significance of insurance and financial management involves a wide range of things, but generally speaking, insurance and financial management are mainly the role of capital preservation and compulsory savings, and in a large range, the role of insurance for different groups of people is not the same.

For ordinary people, the protection role of insurance is far greater than the significance of financial income, and the function of insurance protection is not to change life, but to ensure that future life will not be changed due to accidents, diseases, pensions and other issues;

For the wealthy class, the financial significance of insurance is stronger, such as asset planning and inheritance, reasonable tax saving, etc.

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

Benefits of insurance investment and financial management

1. Compulsory savings and long-term financial planning. Insurance can give investors some help in financial planning, and can save a wealth for a long time to avoid excessive consumption of funds.

2. Diversify risks. Insurance and wealth management is a good choice to allocate family assets to help diversify the risks that may be faced in the future.

3. As a tool for wealth inheritance. Wealth management insurance can realize the inheritance of wealth, transfer wealth to designated beneficiaries, and in addition to maintaining and increasing the value of wealth, it can also solve debt and tax problems under certain conditions.

Disadvantages of insurance investment and financial management:

1. Not suitable for short-term financial management. Insurance and financial management are designed mainly for medium and long-term purposes, such as: children's education funds, supplementary pensions, and the initial expenses are mainly accrued in previous years, so the short-term benefits are not high.

2. The liquidity of insurance products is poor, and the risk of surrender in the future is greater. Investors should fully consider the family's economic situation when purchasing investment insurance, in case they are forced to surrender due to the shortage of funds in Senmu, and the surrender will be greater within 5 years.

3. The income is not high, and the guarantee is average. The rate of return of wealth management insurance is generally not high, and if the inflation rate is relatively high, there is a risk of depreciation in the long run. And although financial insurance has both protection and financial management functions, the function of protection is very weak, and when the risk really comes, financial insurance cannot make up for the losses caused by the risk.

The advantages of insurance and financial management are:

First, compared with the bank's fixed deposits, the yield is slightly higher.

2. Some deposit insurance products will give away personal protection function insurance, so that you can not only make money but also have personal safety protection, and in case of accidents, there will be compensation.

3. Purchasing insurance and wealth management is also equivalent to insuring insurance, and this part of the funds will not be claimed by debts, and inheritance tax will not be paid at this stage.

The disadvantages of insurance and financial management are:

1.The investment period is long, and if you withdraw it early, there is only a cash value. The term of general wealth management products is 3 years, 5 years, and 10 years, and investors who have money can choose to pay in a lump sum, but the lump sum can only be withdrawn after a few years.

2.The direction and information transparency of capital investment are not open enough, and everything you buy can be viewed in quarterly reports or heavy stocks.

3.Insurance and financial management are easy to be fooled by the gimmicks of salespeople.

1. High transparency in the use of premiums.

The purchase of wealth management insurance can clearly understand the basic strategy of the insurance company, and further judge whether the insurance company's wealth management products are blocked or not.

For example, most wealth management insurance companies will clearly state the proportion of deductions (the cost required by the insurance company to manage the policy), the cost of protection (net premium), and the savings premium (account value), through which we can easily understand a company's investment strength, strategy and pricing assumptions for operating products.

2. The amount and frequency of payment are flexible.

According to the actual value of the purchased product, the frequency of payment can be determined, which can effectively avoid the suspension of the policy due to untimely payment.

3. The insurance amount can be adjusted.

According to the product's own situation, part of the premium can be saved, improving the efficiency of the use of premiums.

First of all, I think that people who are targeted by wealth management insurance need to have the following needs.

1.There is spare money, 2Stand up to time.

Why do you say that you have spare money, because in the short term, the rate of return is really low, so take the 5+5 type insurance that is often used as a gimmick for compulsory savings, save for five years and put it for five years, and the yield is actually around 1% in ten years (but there is a guarantee), but in my opinion, it is better to take money to save a fixed term and use regular income to buy a card.

At the same time, there are also universal products, the universal products before the sale of ten years, five years, sixty years old, most of the yield is around 4%, there is a guarantee, this kind of product I think can be considered, but the period is longer, the income is similar to the fixed deposit clearance, there is a loss in the middle of the exit, and it is good to really need spare money to allocate a little.

Most of the wealth management insurance is lifelong, without additional protection, especially bancassurance products, such as saving for 5 years at the end of the insurance period, the yield is also very low, no additional protection, that is, the insured died, just take the principal and income out, no additional compensation, said that the income has compound interest rollover, the longer you live, the more you get, but in fact, the more money you take later, it is nothing more than the money you take in front of you.

However, there are several benefits to this type of insurance:

1.Income is exempt from taxation, i.e. product income is exempt from all taxes.

3.Exemption from inheritance tax. If you are a very wealthy person, then you can use a lot of money to configure insurance, and when you die, your son will inherit the inheritance, and you will not have to pay inheritance tax.

Therefore, in general, wealth management insurance is not suitable for many people, insurance is more important protection, every year I am asked to save tens of thousands of dollars for insurance and financial management, I prefer to take a few thousand dollars a year to configure consumer insurance.

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

The only advantage of buying wealth management insurance is that you are forced to save, and you cannot receive it when the insurance does not expire.