If you want to buy life insurance, do you want to buy term life insurance or whole life insurance

To put it simply, whole life insurance is "inheritance insurance" and term life insurance is "debt insurance". If you want to leave an inheritance, buy whole life insurance; If you have debts, buy term life insurance.

According to the length of coverage, life insurance can be divided into term life insurance and whole life insurance, where:

Term life insurance can be divided into fixed term life insurance, reduced term life insurance, and increased term life insurance;

Whole life insurance can be divided into fixed whole life insurance and incremental whole life insurance.

The significance of term life insurance is to protect the family's financial support and prevent it from falling down during the most family-responsible period, which can cause a devastating blow to the family's economy, leaving parents without support, children without support, mortgage repayment and termination of family responsibilities for the other half, etc.

The significance of fixed amount whole life insurance lies more in its legal attributes, because "whole life insurance + designated beneficiary" can achieve targeted inheritance of wealth, and of course, there are also attributes such as asset preservation and asset segregation.

Increasing whole life insurance, because it has the attributes of additional insurance, reduced insurance, second policyholder, and generational insurance, can be more flexible on the one hand, realize the role of education funds, pensions, etc., and on the other hand, it can also achieve asset inheritance.

Therefore, if you are looking for basic death protection, then term life insurance is more suitable;

If you want to achieve wealth inheritance, then you can consider whole life insurance.

Hello, want to buy life insurance, what problems do you want to use it to solve, age and family situation have factors, life insurance is death and total disability liability, if there is an accident to fall down insurance instead of you to fulfill your responsibilities and obligations, the family gets financial compensation, life insurance economy allows you to buy for life, term life insurance is suitable for family debt tension periods, such as housing loans, car loans, children's education during the period of large expenditures, these debts are passed on, and they can also be bought with both of them. Learn more about comments.

What are your needs and what problems do you want to solve with insurance?

If financial conditions allow, term life insurance + whole life insurance is recommended.

If there is no life insurance, there are conditions for lifelong life, and the condition is slightly worse than fixed life + lifetime life, and then one point short of fixed life.

and then you have bought all the basic medical insurance ?

Although term life insurance and whole life insurance are based on life and death, they do not work exactly the same. Term life insurance is more of a family responsibility, which is the insured's fear that in a certain period of time, such as 30 years, or before the insured is 60 years old, etc., due to his sudden departure, the responsibilities that he should bear to his family cannot be completed, and the leverage effect of purchasing term life insurance is greater. Generally, if the insured dies within the agreed time, the insurance company shall pay the insurance money to the beneficiary in accordance with the contract.

The whole life insurance is a lifetime of time, people always have a death, he is divided into leveraged whole life and increased whole life, leveraged whole life is generally used to do the inheritance of the assets of the family, the amount of insurance and premiums are fixed, and the increase of whole life is a savings product, his amount of insurance can be value-added, the current difference to answer the lifetime predetermined interest rate of the product, can be used to plan pensions and children's education.

Therefore, these two types of life insurance do not matter whether they are good or bad, as long as they can meet the needs of the policyholders and solve the problem, it is good insurance.

Whole Life Insurance: Guaranteed for life, ** more expensive and less leveraged. The main function is to inherit wealth, which is suitable for people with high income and asset inheritance needs.

Defined slag period life insurance: protection for a period of time, the protection period can be set by yourself, ** quietly cheap, high leverage. It is applicable to ordinary families, and aims to bear the huge financial risk caused by the death of the family's financial breadwinner with a small amount.

Each of the two types of life insurance has its own characteristics and needs to be selected according to the insured's own situation.

Term life insurance and whole life insurance both belong to the category of life insurance, both can provide death protection for the insured, but the main difference is the length of the protection period, there is no good difference between the two types of insurance, as long as it meets our insurance needs, it is naturally good.

For example, if you have a limited budget and just want to enjoy life protection during the period of taking on the responsibility of the family economy, then term life insurance is more suitable for this group of people.

For more analysis of term life insurance and whole life insurance, Sister Wen will help you analyze it. Before starting the analysis, if you are an insurance novice, then this insurance knowledge article should have a good understanding: super complete! Everything you need to know about insurance is here.

1. Term life insurance analysis.

Term life insurance refers to life insurance that is conditional on the death of the insured and the insurance period is a fixed number of years. Moreover, term life insurance has the characteristics of "low premium, high protection", which is very cost-effective, and some products support up to 3.5 million sum insured.

In addition, the term of term life insurance is more flexible, the common ones are 15 years, 20 years, 30 years, or 60 years old, 70 years old, 80 years old, etc., it is recommended that you choose the appropriate protection period according to your actual situation.

In addition to the above characteristics, the health notice of a high-quality term life insurance should also be relaxed, which will be more friendly to sub-healthy people; Moreover, there is no restriction on occupational categories, that is, it supports 1-6 types of occupational groups to be insured.

2. Whole life insurance analysis.

Compared with term life insurance, the protection period of whole life insurance is to protect the whole life, directly regretting and covering the entire life cycle of the insured, and the common whole life insurance on the market can be divided into fixed whole life insurance and increased whole life insurance.

In addition to providing whole life protection for the insured, you can also choose to surrender the policy after the cash value of the policy reaches a certain amount to obtain certain income, so as to achieve the purpose of financial management.

The characteristic of incremental whole life insurance is that the sum insured will increase according to a certain percentage, such as . .8%, etc., in the case of a certain basic sum insured, the larger the increase in the sum insured, the higher the final effective sum insured.

At the end of the article, in order to facilitate everyone to have a clearer understanding of increased whole life insurance, the senior sister sorted out this article: What is the sacredness of [increased whole life insurance] that can manage money and protect money? Is it worth starting?

Compared with whole life insurance, term life insurance has a lower fixed life rate and lower premiums, but there is an age limit, so it is recommended to buy whole life insurance if you have enough budget.

Completely different uses, regular is to provide protection; The purpose of life is to pass on wealth;

Both term life and whole life insurance have insurance liabilities for death and total disability.

They all play a roleIn the event of the death of the insured in an accident or illness, a sum of money will be given to the beneficiary to supplement the family's financial needs. It is the embodiment of the sense of responsibility of the earner in the family to the other members of the family

The differences are as follows:

1. Premium: For the same amount of insurance, the term is cheap and the lifetime is expensive

For example, a 30-year-old man, with an insurance amount of 1 million, pays for 30 years, and has term life insurance protection until the age of 65, with an annual target of 1,529 yuan; Whole life insurance is guaranteed for a lifetime, with an annual payment of 9,800 yuan.

2. Function: Term life insurance focuses on preventing people who make money from taking extreme risks in the decades of earning money, and families are seriously affected by the relaxation and clearing of income, so as to supplement the economy; Whole life insurance focuses on inheritance, that is, leaving money for children. (For example, equal distribution, designation of beneficiaries and income ratio, which is of great help to people with large family sizes and large assets, and has a privacy effect.)

In addition, there is now a type of increased whole life insurance on the market, which is used to increase the value of long-term savings, be safe and certain, and lock in the interest rate, which is better than government bonds and banks. Here are some examples<>

What I did for this young lady was a 10-year savings plan, paying 10,000 yuan a year, totaling 150,000 yuan.

By the age of 55, she began to apply for 15,000 yuan a year as a supplement to her living expenses.

By the age of 65, she had received 165,000 yuan;

By the age of 75, she had received 315,000 yuan;

By the age of 85, she had received 465,000 yuan.

This pension covers her pension gap and keeps her retirement as good as it was when she was still working. It's no problem to get it until you're in your 90s

Is it necessary to buy term life insurance? Which product is better for term life insurance? I'm Deep Blue Insurance, focusing on insurance evaluation! Pay attention to Deep Blue Insurance, teach you to buy insurance and not pick pits

Which is better to buy life insurance, term life insurance or whole life insurance, and what should I pay attention to.

1. Term life insurance has high leverage 2. Whole life insurance is guaranteed for life, and claims can be settled! 3. The advantage is that if something goes wrong, you can leave a sum of money for the family to solve the economic situation!

Which is more cost-effective, term or lifetime?

Term life insurance means that if the insured dies (some are disabled) within the period agreed in the insurance contract, the insurance company pays the insurance money according to the agreed insurance amount; If the insured is still alive at the end of the insurance period, the insurance contract will be terminated naturally, and the insurance company will no longer bear the insurance liability and the insurance premium will not be refunded.

Whole life insurance is an insurance plan that provides protection against death (and in some cases, disability) for the rest of your life, usually up to the age of 100, the ultimate age of the life table. If the insured person dies before the age of 100, the insurance company will pay the corresponding benefits. If the insured person survives to the age of 100, the insurance benefit is paid to the insured person.

Therefore, there is no good or bad, but the suitable group of people is different, and you need to choose according to your actual situation.