Today we will discuss life insurance, because in the process of investment and financial management, it is necessary to avoid risks. Not only investment risks, but also physical health is also a risk. Any serious disease is likely to cause you interruption of income, or a reduction in the amount you can invest each year.
Among all types of insurance, the first and most likely to be thought of is the insurance of the death claim type, which is divided into accident insurance and life insurance. The so-called accident insurance refers to the insurance when the cause of death is caused by an accident. In life insurance, except for the three reasons, regardless of any reason, as long as the death occurs, the insurance claim will be made, because the conditions of the latter are relatively loose, and the natural insurance premium is relatively high.
There are three reasons why life insurance does not pay claims: the proposer intentionally causes the insured to die, the insured intentionally self-mutilates, or intentionally commits suicide within two years of insured death, and the insured is executed for a crime, resists arrest or escapes from prison resulting in death or disability.
Should everyone have life insurance? I don’t think so, it depends on the needs of the individual’s life and family. First of all, let’s clarify a concept. The purpose of insurance is to avoid risks that you cannot bear, not to make a lot of money through insurance, or to not want to bear losses at all.
Please imagine, when you first left the society and started working, did you need to insure a 1 million life insurance? Is there anyone who can’t live without this sum of 1 million? If not, then you don’t need life insurance.
If you get married and buy a house, the house has 8 million yuan to pay back, if you don’t want your other half to be unable to afford the mortgage because of your death, you have to sell the house and have nowhere to go Live, at this time you may need a life insurance protection of 5-8 million. After you leave, the other half can have a sum of money to pay off the mortgage and live in the house you bought together.
But if your other half has other places to live, or can go back to live with the original parents, and you don’t have to worry about the other half being homeless, then this life insurance may not be necessary, or the amount is not so high, you You only need to insure 2 million to 3 million life insurance, which is enough to cover the living expenses of the other half for 3 to 5 years, and give him enough time to adapt.
Another situation, assuming that a child is born at this time, you need to consider, if you pass away at this time, is there any way for the other half to raise the child alone until graduation? According to statistics, it will take about 5 million yuan for a child to grow up to graduate from university (saving calculation). In order not to cause a great burden to the other half, you may need to insure a 3-5 million life insurance to help your other half You can have enough money to support your children until the end of school and work after your death.
When you are old and your child has graduated and started working independently, do you still need 3-5 million life insurance at this time? You shouldn’t need it. At most, you can insure a life insurance of 500,000 yuan. When you die in the future, you can leave a sum of funeral expenses for your children to help you deal with the funeral. You shouldn’t have someone just because you didn’t leave 3 million yuan Can’t live.
From the above examples, it can be seen that the real age at which insurance claims are required at the time of death is probably when you have a house or have children after marriage, until the children grow up and can live independently, or when there is no housing loan. Therefore, during this period of time, you can use the combination of “regular” life insurance and accident insurance to protect the possible impact of these events.
Since the premium of whole life insurance is much higher than that of term life insurance, for the same amount of money, the amount of term life insurance you can buy may be 4 times that of whole life insurance, that is, you can buy it at 1/4 of the price When you reach the amount of life insurance you need, you will have more budget to supplement your other insurance needs, such as medical insurance, major injury insurance, accident insurance, cancer insurance, etc. You can also have more funds to invest and accumulate more more pension or wealth.
If your stock assets already have 5 million, do you need another 5 million life insurance? In fact, your assets may be enough to meet the aforementioned living, education, or mortgage needs, or give enough time to make adjustments.
When considering insurance, the first thing you need to think about is your actual needs and what risks you need to avoid most at the moment. Don’t try to buy all the insurance at once, you are likely to Spend a fortune and buy a bunch of coverage you don’t need, and whole life insurance isn’t usually the first thing you need.
People who have just left the society need to rely on insurance to avoid being unable to work for a period of time and living without income due to injury or serious illness. If your assets have reached 20 million, in fact, many situations are enough to deal with. Insurance is only to help reduce the loss of assets, and it is not a “necessary” means.
Therefore, for the petty bourgeoisie who have just left the society, I suggest that there is no need to insure a lot of life-long insurance, especially the principal-repayment type. First, the fixed-term insurance that does not repay the principal should be the main one to reduce the premium burden, and wait until the status changes. Add insurance when you need it. When calculating your needs, don’t forget to include the assets you already have. If you already have 5 million cash assets, I believe a surgery fee of 100,000 to 200,000 won’t kill you of.
