A few suggestions for doing a good job in family insurance and financial management

Financial insurance is not simple, at least you must understand these points first:

1.What are the financial insurances?

Financial insurance can be divided into four categories, financial insurance has an education fund that everyone must have heard, but is it really necessary to buy an education fund for children? If you are interested, you can take a look at this answer:"Must-read for parents:

Is it necessary to buy education insurance? How to choose the right product? 》

2.How to choose financial insurance?

Space is limited, please see this article for details:"Learn this trick and stay away from the pit of 99% of financial insurance".

To choose a financial insurance, these three points must be known:

(1) Dividends are not necessarily cost-effective

Although the China Banking and Insurance Regulatory Commission stipulates that at least 70% of the distributable earnings of the participating insurance business in the current year should be given to the policyholder, but this value depends entirely on the insurance company, and the annual dividend cannot be determined in advance, so whether there is a dividend can not be judged whether it is cost-effective.

(2) The higher the guaranteed interest rate and settlement interest rate, the better

Guaranteed interest rate: The money transferred from the annuity account in the universal account or the money added by yourself is used when calculating the income, and the current guaranteed interest rate can only reach a maximum of 3%.

Settlement interest rate: The settlement interest rate is related to the operating conditions, which is announced by the insurance company every month and is the actual interest rate.

(3) Choose different revenue trends according to demand

The income trend of different wealth management insurance is also different, some are cash value can be quickly recovered, and some of the cash value of wealth management insurance is very slow to return to the principal in the early stage, but you can receive more annuity in the future.

If you are worried about the need for cash flow in the future, it is recommended to choose an annuity insurance with a fast cash value payback. If you buy financial insurance for the elderly, it is more suitable to buy products with a slow return on investment in the early stage.

3.Who should buy financial insurance?

(1) Middle-class parents

Financial insurance is suitable for middle-class parents to buy for their children, leaving some money for their children is the plan of many parents, and financial insurance is the income has a certain relationship with the insurance period, and it is better to buy early.

Some people will want to use the money themselves, and there is no problem because the money in the universal account belongs to the policyholder. Therefore, although it is the parents who buy it for their children, the initiative of the funds is still in the hands of adults.

(2) Business elites over 40 years old

Another main group of people who buy financial insurance is the business elite who are over 40 years old, this part of the people has strong economic strength, and insurance can bring them not a rich return on investment, but stability and security, and they can also inherit wealth in this way. Look!

First of all, it is necessary to reasonably divide investment and financial management. People always want to keep their money in the bank or invest it in order to get more returns. At this time, it is often easy to ignore that the basis of investment is security, and the basic protection is family.

It is impossible for a caring and responsible person to squander his savings regardless of the life or death of his family, and even some people are desperate to earn more money to improve their family life, in the final analysis, to give their family a better living security. Therefore, it is still time to plan family insurance for your family as soon as possible, so as to transform the past financial management into financial management supplemented by financial management and the right way to focus on protection. It is necessary to use idle funds to allocate a family insurance policy for the family so that all family members can be covered.

Secondly, to whom to buy, how to buy, what to buy. First, it is necessary to clarify the main economic ** of the family, and first buy insurance for the breadwinner of the family to obtain greater protection. Doing so will avoid the risk of being the breadwinner of the family, and there will be some assurance that life will not be in trouble.

Second, insurance for parents and children should focus on medical and accident insurance. For the elderly, diseases are also frequent, and even need to use their own savings to resist risks, it is necessary to buy a cancer insurance for the elderly, in addition to additional hospitalization medical insurance. Because at this age, the elderly can no longer simply think about medical care and pension.

Children are a vulnerable group, and accidental injury is one of the main causes of death of underage children. Third, if the financial conditions allow, you can consider purchasing education insurance for your children as soon as possible. Children are the future of parents, and it is the responsibility of every parent to provide perfect protection for their children.

How do families plan for their finances?

2. Savings function. Insurance and wealth management have a savings function, we can take benefits to calculate the income, generally during the insurance period in the investment account in the cash value will be a rolling interest. Unlike other wealth management products such as banks, insurance and wealth management mainly take simple interest, and bank wealth management products are calculated with simple interest.

From this perspective, some life insurance products have certain advantages in terms of saving and earning interest.

3. Asset protection function. Life insurance policies can have the function of asset protection under certain conditions, and some owners take it as an example: when there is a legal action in the event of a creditor's rights and debts, the funds in the bank account or **, **, and real estate will be frozen.

At this time, the corresponding value of the life insurance policy formed by the insurance is not affected, and the life insurance contract is based on the life and body of the person, and the policy cannot be transferred or pledged without the written consent of the insured.

1. Try to control 5% and 10% of family income 2, give priority to family breadwinners 3, and fully consider the market**.

According to their own family situation, it is recommended that family insurance can be configured with some health boxes and accident insurance, both of which are more commonly encountered in life, financial management, you can mainly protect the principal and interest, this kind of interest may be a little lower, but rest assured, and then you can configure a little lower interest rate of low-risk products.

Insurance plays a vital role in family finance, and we can analyze and explain it from multiple perspectives.

At present, the financial expenditure of most families is increasing day by day, and if there is not enough insurance support, once they suffer a major accident or illness, the family finances will fluctuate greatly, resulting in subsequent expenses and life will be affected.

In this case, it is possible to effectively diversify the risk through the insurance, put the risk within the tolerable range, and make the family's financial expenditure more stable, the specific role is as follows:

1) First of all, family members can effectively avoid financial risks caused by unavoidable accidents or illnesses by purchasing life insurance. Individuals or families can purchase major life insurance types such as accident insurance, critical illness insurance, and medical insurance to reduce economic risks and bring corresponding support for the protection of different risks.

2) Secondly, families with stable income** and savings plans can purchase investment-based insurance products to use long-term accumulation and savings to increase family wealth accumulation, avoid various risks, and promote the continuous growth of family wealth.

3) Finally, family members can effectively avoid accidental losses such as houses and vehicles and reduce their financial burden. Home property insurance liabilities such as property damage such as furniture and electrical appliances can also protect against unexpected risks and protect daily life.

To sum up, the role of insurance in family financial management should not be underestimated. Family members should make a detailed analysis of the family's financial situation and risks according to their own circumstances, choose the appropriate insurance products, and ensure that the financial goals can be achieved, and insurance is closely related to the safety and stability of the family.

That's all for daddy, I hope it helps.

Family financial management is to open up sources and reduce expenditure, take money management as the center, save money as the starting point, focus on generating money, and protect money as the guarantee. The important role of insurance is to protect money.

The purpose of insurance: not to get rich, but to avoid becoming poor due to unexpected illness and old age. Insurance is not meant to change lives, but to prevent lives from being changed.

Bao La's banquet insurance is: usually save money, spend less money when you have something, manage your money the most, benefit from tax-free money, keep money in bankruptcy, get a lot of money in case you receive a lot of money, first aid mortgage money, love and filial piety money, and children's education money!

An insurance policy has: 1. The commitment of the government to supervise the operation of the insurance company; 2. The insurance company fulfills the commitment of the contract; 3. Commitment to mutual assistance and mutual assistance of all policyholders; 4. My commitment to your lifelong professional service!

The role of insurance: life - to be prepared, old - to have support, sick - to have medical treatment, death - to stay, disability - to rely on.

The meaning of insurance: send carbon in the snow when life is difficult, and icing on the cake when life is happy. Annihilation imitation.

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