Which is better, protection insurance or wealth management insurance?

The most prominent and fundamental function of insurance is to transfer risks and enhance protection. Insurance can ensure future financial security, compensate for our financial losses in the event of an accident, and will minimize the impact of large unexpected expenses on our original asset accumulation process. Therefore, protection insurance products such as accident insurance, critical illness insurance and health insurance are the fundamental guarantee for the realization of our personal or family pension plan in the future.

A higher level of protection needs is a guarantee.

For example, asset preservation, wealth inheritance, etc., which are fundamentally a kind of financial risk protection behavior, the difference is that the cause of the subject matter of the former may be an accident, and the subject matter of the latter is aimed at financial security itself.

It is certainly not right to say that financial management is insurance, but it is not wrong to say that insurance is financial management.

It is customary to refer to non-traditional life insurance as wealth management insurance, that is: participating insurance, universal insurance, and investment-linked insurance.

This distinction has led to misleading customers in the market. Human nature is inclined to profit and avoid disadvantage, and profit is ranked before avoiding disadvantage, so people pay more attention to the so-called financial investment function of this type of insurance, putting the cart before the horse, but ignoring itself, the protection function of insurance, is the primary functional choice.

Separating insurance and financial management is itself a misunderstanding. Attaching importance to protection is actually the greatest financial management behavior for life and life. A life or life that simply calculates the rate of return must be embarrassing in the end.

Our marketization is still very imperfect, the development time of insurance is still very short, although it is very fast, but we have to admit that the market is not mature, the ideology of consumers is basically still in the initial stage, and insurance companies, between social responsibility and commercial profits, also swayed left and right, often do not know their position.

In the Internet era, there is a lot of information, but there is not much really valuable information, and in many cases, it is often an obstacle that affects people to make the right choice.

As a consumer, it is best to think subtractively, based on the basics, and rationally look at the needs above the basics.

There is no good or bad insurance, only the difference between what is right for you and what is not for you.

The roles of protection insurance and wealth management insurance are different, and there is no difference between advantages and disadvantages. The general recommendation is to do protection insurance first, and then financial insurance. Once you have enough protection, think about financial management.

These are two insurances with different functions, so there is no way to compare. One is to spend money on some possible protection, and the other is to spend money on less protection and some financial benefits.

The main focus is different, the protection of the insurance will be more comprehensive and the amount of protection for the customer will be higher, and the customer will get a high amount of compensation once the risk occurs. However, wealth management insurance focuses on income, and generally requires customers to have certain financial knowledge and experience, and the insurance protection of wealth management is not high. I think that the general insurance of insurance companies is protection or protection and financial management, real financial products in the purchase of if there is no understanding of the relevant aspects, please be cautious.

The investment and wealth management platform has become the trend of financial management, which is mainly convenient, simple, fast and safe to operate.

However, you need to choose carefully when investing.

Personal investment and financial management, for the safety of money, must be carefully chosen.

First of all, it is a big platform, a good background, a big company.

Then the deposit and withdrawal should be convenient, and the interest rate should be relatively high. Wealth Management Connect Bar.

The protection type is to buy peace and health, and the financial management type is to buy the future.

First of all, as you can see from the name, protective insurance is mainly for protection; Financial insurance is mainly for financial management, but it is difficult for you to distinguish between them by this alone, because many financial insurance also have protection functions. How to distinguish, it is very simple, if the money paid by Dahong is about the same as the money received, at most there is only a difference of two or three times, then this product is mostly financial insurance, if the money paid is much worse than the money that is paid and the money is lost, the money lost may be dozens or even hundreds of times the money paid, indicating that the leverage of the premium is very high.

Most of this product is protective insurance, and the protective insurance pays less and pays more, which allows us to deal with great risks with very little premium. For example, with millions of medical insurance, a 30-year-old adult can buy millions of dollars a year with only a few hundred yuan, and he is not afraid of insufficient money when he is hospitalized for a serious illness, and he can protect the health of the whole family.

Protection insurance should be bought first, with less money and complete protection. Wait until the protection of the whole family is enough, and then consider financial insurance.

Test your anti-risk index, experts will interpret it for you for free!

The advantages of insurance and financial management are:

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

Second, some deposit insurance products will give personal protection function insurance, so that you can not only make money but also personal safety protection, in case of accidents, there are 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:

Fourth, the investment period is long, if you withdraw in advance, there is only 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.

Fifth, the direction of capital investment and information transparency are not open enough, unlike the **, everything you buy can be viewed in the quarterly report or heavy stocks.

Sixth, insurance and financial management are easy to be fooled by the gimmicks of sales staff.

Extended Information] Insurance is a Chinese word, pinyin is bǎo xiǎn, English is insurance or insuraunce, the original meaning is safe and reliable protection; It is a tool used to plan life finances, a basic means of risk management under the conditions of market economy, and an important pillar of the financial system and social security system.

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

From the perspective of economic slag, insurance is a financial arrangement for sharing accident losses; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is an "exquisite stabilizer" of social production and social life. From a risk management perspective, insurance is a method of risk management.

<> benefits of insurance investment and financial management

1. Compulsory savings and long-term financial planning. Insurance can give investors a certain amount of 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 for allocating 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 the wealth to the designated beneficiary, in addition to maintaining and increasing the value of the wealth, but 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, and return to the wheel to prevent forced surrender due to financial constraints, and the loss 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 financial insurance are:

1. It can provide stable cash flow and achieve capital protection and appreciation. Annuity insurance pays insurance premiums on a monthly basis and annually as agreed in the contract, which can also increase capital protection and appreciation. In addition, the increase in whole life insurance can be obtained by reducing the insurance portion to ensure cash flow.

2. Compulsory savings, financial insurance has compulsory savings, to avoid waste and impulsive consumption.

3.Long protection period, safe and stable, long financial insurance protection period. The product is not easy to go bankrupt if it is filed with the China Banking Regulatory Commission.

4.Assets can be inherited, financial insurance is suitable for wealth inheritance, and assets can be passed on to the designated person of the World Chain.

5.Compound interest rollover, mainly reflected in annuity insurance.

6.The security is high, and the financial insurance is bound by the insurance contract and has legal effect.

7. To realize special assets, assets can be isolated and not divided through financial policies.

8.Provide support for the elderly, cooperate with serious illness protection, and realize that the elderly are insured and supported.

9. You can enjoy the pension community, many insurance companies can dock with the pension community, only need the company's insurance premium to meet the requirements of the pension community, general financial insurance is the first choice, on the one hand, it can provide cash flow to support the cost of the pension community, but it also has a certain guarantee function.

10.It can also provide a stable cash flow, and the cash flow released by financial insurance is also a continuation of personal income.

The disadvantages of financial insurance are:

1. The investment cycle is too long and the realization ability is weak. Financial insurance is usually guaranteed for 10 years or even for life, which can be difficult to achieve in the early stages of a policy because the cash value is too low to meet flexible needs.

2.The protection is single, and the insurance and wealth management products lack disease protection. Once the insured gets sick, he or she will not be able to get compensation and protection, and he will not be able to cash out the policy and pay ** fees in the short term.

3.The income is lower than that of bank wealth management, and wealth management insurance is mainly for stability, but the overall rate of return is still lower than that of traditional bank wealth management.

4.Poor liquidity and long payback periods. The longer the term of financial insurance, the income can be reflected, which cannot be realized in the short term.

5.The premium is more expensive, and the premium for wealth management will be more expensive, and you need to have the ability to pay.

In addition, the common types of financial insurance are annuity insurance and whole life insurance.

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.