What is life insurance, and is it suitable for me to buy it? Is life insurance worth buying?

Literally, life insurance is understood as insurance about a person's lifespan.

Whether it is natural death, death, illness or any other cause, as long as the insured reaches the medically recognized state of death or total disability, then the insurance company will pay a lump sum payment to the family according to the contract. "The most worthwhile collection of term life insurance in China, must take a look".

1. Classification of life insurance.

Depending on the duration of coverage, life insurance can be divided into one-year life insurance, term life insurance, and whole life insurance

1.One-year life insurance.

Mainly suitable for people with tight budgets, the insurance period is one year, ** is relatively cheap, and can be used as a temporary guarantee.

2.Term life insurance.

If the insured dies within a certain period of time, a lump sum payment will be paid.

However, if no fatalities occur during this period, the insurance company does not need to refund any fees to the insured.

3.Whole life insurance.

Whole life insurance covers you until you die, there is no time limit, and you will receive a lump sum payment after death.

There are also three types of survival-related life insurance, which can also receive a lump sum for the insured who is still alive at the agreed time.

1.Survival insurance.

Different from the above term and whole life insurance, survival insurance means to keep you alive.

You will receive a sum of money if you are still alive at the end of the insurance period, but you will not receive any benefits if you die.

2.Life and death.

This kind of life insurance is more humane, regardless of life or death, you can get the insurance money, but the object of receiving it is different.

3.Pension insurance.

In fact, it is similar to the concept of life and death, but this one can be known literally as the main guarantee for life after retirement.

Regardless of life or death, you can get insurance money, which is generally used to maintain your life after retirement in old age.

2. Summary. I think that from the perspective of the role of life insurance, life insurance is first and foremost to buy for the family's economic support. Because the breadwinner is able to maintain a family's normal expenses.

For the elderly, the premium will be relatively high because of their age, and the insurance company will review the purchase of insurance for the elderly very strictly due to various factors.

If you are a child, your first choice is not life insurance. Children should be more concerned about their physical health, and purchase other types of insurance accordingly.

Term life insurance is a very primitive type of insurance, the liability is very simple, and the death of the insured is settled.

The original intention of term life insurance is to return to the essence of insurance. Term life insurance is the umbrella of the family, if the main economic pillar of a family falls, then the family's mortgage, car loan, children's education, and the responsibility of the elderly who will resist. Life insurance is to solve this kind of problem, if a person buys life insurance, in case of unfortunate death one day, then he can get a high insurance compensation.

And this money is to make the family live a better life, and the so-called "love without debt" refers to term life insurance.

So term life insurance is so good, why is the acceptance of the Chinese people very low? One is that Chinese are more taboo about life and death and feel obscurity. The other is that term life insurance is consumer insurance, and the idea of Chinese people taking insurance as savings and financial management is deep-rooted, and you tell him that you bought term life insurance, guaranteed to the age of 60, and did not die at the age of 60, and the money is not returned, and he feels very lost.

You said that buying insurance for people is the same as buying insurance for cars, and you will pay for insurance in case of insurance, and he said that you are unlucky in your speech. Chinese accept the concept of saving money, under the publicity of insurance companies, coupled with the unprofessionalism of insurance people. The customer bought a lot of participating insurance that seemed to have high returns in the future.

It's not that participating insurance is bad, it's just that the family's basic protection insurance should at least be completed before considering this type of product.

In fact, term life insurance is a very good product. When he was born, he was the breadwinner of the family, and when he died, he was still the breadwinner of the family, so the people who buy this kind of product are generally people with love and responsibility.

How to choose life insurance, if you don't understand, you can ask me.

Life insurance, as the name suggests, is based on the life of a person as the subject matter of underwriting, if the insured dies within the validity period of the contract, the insurance company must pay the insured amount to the beneficiary agreed in the policy. Compared to other insurance products, life insurance is the clearest and simplest product, and there is almost no controversy.

Classification of life insurance.

In terms of product classification, life insurance is divided into two categories, one is term life insurance and the other is whole life insurance.

Term life insurance. The guarantee liability is for an agreed period, such as 30 years, or until the age of 60, 70, etc. Because the agreed insurance period has a clear number, its ** is relatively lower, usually a 30-year-old man can get an insurance amount of 500,000 yuan for more than 1,000 yuan, and the leverage ratio is extremely high.

Whole life insurance. The insurance responsibility is lifelong, and people are inherently dead, so it is equivalent to a 100% compensation product. ** Relatively higher, this product is more like a kind of wealth inheritance, and after the death of the insured, the insurance company will pay the money to the insurance beneficiary.

How to choose between term life insurance and whole life insurance?

Term life insurance solves the problem of protection, that is, to prevent unplanned death from occurring, resulting in family difficulties, therefore, the protection period of such products generally has the main options such as 60 years old, 70 years old and 80 years old, the insurance to 60 years old ** is very low, the insurance to 70 years old ** is not high. Because of the high cost performance of leverage, term life insurance is usually insured for the breadwinner.

Whole life insurance is a product that pays for sure, and in addition to the protection function, it also serves the following purposes:

1. Nature of financial management: the sum insured will be obtained after the final death with premium investment, which is equivalent to leveraged investment;

2. Wealth inheritance: Invest in high-value life insurance, and pass on wealth to future generations through the form of insurance company compensation, please note that there is no inheritance tax in the benefit process of insurance.

3. Pension function: The cash value of whole life insurance is relatively high, and it is certain that the cash value exceeds the premium after the payment period is over. Therefore, we can use the whole life insurance policy as a kind of compulsory savings, and it is also a very good choice to withdraw the cash value or pledge the loan for retirement when we are old.

Whole life insurance is usually more common for high-net-worth families. If you prefer protection, you can choose term life insurance until you are 60 or 70 years old, and if you prefer inheritance and retirement, you can choose whole life insurance. Satisfied.

As we all know, the main role of life insurance is to compensate for financial compensation when the family encounters a major accident, and it is the same as other protections such as critical illness insurance and accident insurance, which is to prevent future risks. For more information on the difference between life insurance and other insurance, you can check it out hereWhat is the difference between critical illness insurance, medical insurance, accident insurance, and life insurance?

Will there be a conflict when making a claim?

So, let's talk about whether life insurance is worth buying today!

Life insurance is the insurance for death or total disability, mainly to solve the economic problems caused by the loss of the breadwinner of the family. According to relevant data, the mortality rate gradually increases from the age of 40 for men and 50 for women. Although these risks and accidents may not necessarily happen, once they do happen, it will be a huge blow, and we need to face these problems rationally.

Therefore, life insurance can provide financial support when life needs protection the most.

At the same time, if a member of the family economic income dies, it will directly cause the interruption of the family economic income, and the impact is very large. The amount paid by purchasing life insurance can be used to repay debts, children's education expenses, support for the elderly, etc., at least to ensure the normal life of the family, so it is a guarantee for the continuation of personal responsibility.

The protection responsibility of life insurance is very simple, as long as it is death, including illness, accident, natural death, etc., you can pay out. In addition to protecting death, many life insurance products on the market will also protect total disability, if you meet the total disability standard stipulated in the insurance contract, you can also pay 100% of the sum insured, see here is a more detailed comparison of life insurance products:Ultra-complete!

Comparison table of popular life insurance in China

1.Young people who work hard: Young people who work hard and honestly, in addition to working hard, also shoulder the responsibility of supporting their parents, and must buy life insurance. In the unfortunate event of death, the parents can also live with this money without life pressure.

2.Family breadwinner: The breadwinner of the family must purchase critical illness insurance, they not only have to earn money to support their families, shoulder the responsibility of children's education, and support the elderly, but also need to repay mortgages and car loans.

In the unfortunate event of death, it will have a great impact on the family's financial situation, and the money paid by life insurance can solve the above problems, at least ensure the normal life of the family.

It is important to note that it is not advisable to buy life insurance for the elderly. Because life insurance is mainly to solve the economic problems caused by the loss of the breadwinner of the family, it is obvious that the elderly do not have this ability, so it is recommended to give priority to the allocation of members who are responsible for the family's economic income.

Life insurance, that is, life insurance, is a kind of insurance that takes the life and death of a person as the insurance object, and the insurance company will pay the insurance money according to the contract if the insured survives or dies during the insurance liability period. Because of the complexity of the credit contract, it is recommended that you pay attention to the following matters when buying life insurance:

1. How long is the grace period?

If the policyholder fails to pay the second and subsequent premiums on time, the insurance contract will remain valid for a period of time during the grace period, which is generally 30 days or 60 days.

2. Reinstatement clause.

If the policyholder fails to fulfill the insurance obligation as agreed and the insurance policy is suspended, how long can the suspended insurance policy be reinstated.

3. Suicide clause.

After the life insurance contract comes into effect, the insurance company shall pay the insurance money for the death of the insured due to suicide, and the life insurance will not pay for suicide in general.

4. The reputation and service level of the insurance company.

This is also the most important, the soundness, reputation, and service level of the insurance company determine whether the company is still there when the risk occurs, and whether the claim settlement can be made quickly and efficiently. After all, it is a product that guarantees a lifetime, which is very crucial.

Life insurance is the death benefit, which is based on a person's life expectancy. Term life insurance is a settlement for a certain number of years, and whole life insurance is a payment for any time of death. If you can't use it yourself, you can leave money for future generations.

If you want to be able to use it yourself, it is recommended to purchase critical illness insurance, and you will be compensated for critical illness, and you will also be compensated for death due to other reasons for critical illness.

Insurance is divided into property insurance, life insurance, accident insurance, medical insurance, etc.

For life insurance, the main insurance generally has life insurance, but your long-term insurance is mainly life insurance. Therefore, when buying insurance, you generally have to buy life insurance.

If you buy insurance, it depends on your financial situation! If the conditions are good, you can buy a life insurance, and you can buy another one. Medical.

Both are fine. It's all covered! What are the diseases of buying medical treatment?

Just use insurance to cure for you, and after buying a life insurance, the children will not have so much pressure, for your pension problems. It's better that way.

Not necessarily, if there is better insurance, then it is not necessarily life insurance, and the one that maximizes your interests will choose that one.

This needs to be determined according to your own situation, I can help you understand your needs, for you to create your own life insurance, I don't care about any company, just do it myself, I don't want to buy unclear and not meet your own needs, of course, if you need I can also find someone for you.

Hello, to buy life insurance, you can find a professional to create a plan for you according to your personal needs, do you buy it for yourself or your family?

It is necessary to buy life insurance, especially for the breadwinner of the family! If we fall as the breadwinner of the family, it will be a very big blow to the people in the family. We buy life insurance to prevent ourselves from having a considerable amount of money to give to those closest to us when we fall.

Therefore, it is very necessary to buy life insurance. Below I will explain and tell you how to buy life insurance!

Let's start with life insurance. Nowadays, most families have "421" and "422" structures. Among them, "2" is the main household income of the family**, in case of untimely death or total disability.

It will lead to a direct economic disruption of the family** and make it difficult for the family to make ends meet. This is the case with life insurance, but not everyone has to buy it. Like children, the elderly, housewives, etc., they do not need to buy life insurance.

Because they don't need to earn money to support their families, they are basically debt-free. Therefore, the most reasonable policyholder can give the family support, and buying more will increase the burden. After all, middle-aged and elderly people buy life insurance premiums on the high side, but the sum insured is low.

2. How to buy life insurance?

Although the payment conditions of life insurance are simple, there are no claims disputes. But how to buy the right one, you still have to put some thought, let me talk about how to buy.

1. Guarantee period.

Life insurance is divided into term life insurance and whole life insurance: term life insurance is to protect a period of time, such as 20 years, 30 years, until the age of 60, 70 years old, etc. The guarantee period is flexible, which is conducive to our allocation in different periods.

Term life insurance** is inexpensive and has a significant sum insured, making it suitable for most families. Whole life insurance is guaranteed for life. As the saying goes, people are born to die, so buying whole life insurance is sure to get compensation.

It will be more expensive and the leverage will be lower. Therefore, the role of whole life insurance is more to help the wealthy to do inheritance, reasonable tax savings, etc. Therefore, for the average family, I recommend choosing term life insurance.

2. Sum insured. So what is the appropriate amount of life insurance? Life insurance is "altruistic", not for life-saving.

If you invest in the spouse with a high income, the amount of insurance is sufficient, but if you have more, it will increase the premium and increase the burden. If you have a loan, it is appropriate to start at least 1 million, otherwise hundreds of thousands are enough. If conditions permit, it is also a good choice to allocate hundreds of thousands of life insurance for the other party.

3. Health notification.

We take out a product and the health notice determines whether we can get a claim or not. If you have something wrong with your body, try more intelligent underwriting, manual underwriting, and so on. Tell everyone about health and don't take chances.

Even if you successfully evade the verification of the insurance company now, and find a problem in the future, the insurance company will still refuse to insure.