Throughout one's life, continuous learning is necessary, and it is truly a dreadful thing for those who lack interest in learning. Yesterday, my wife asked me if someone who has bought a million-yuan medical insurance needs to buy an additional "Huimin Insurance". I was stumped by the question. I immediately started to catch up on the knowledge about Huimin Insurance and consulted my friend who works in the insurance industry via WeChat.
My friend told me that people who have already purchased million-yuan medical insurance do not need to buy Huimin Insurance. This is because Huimin Insurance is only suitable for those who suffer from serious illnesses and are unable to participate in million-yuan medical insurance. In many places, Huimin Insurance is at a disadvantage compared to million-yuan medical insurance.
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Today, my wife told me that the old lady downstairs, our neighbor, actually asked her for winter clothes. I said, "This is normal! Haven't you seen her picking up trash outside several times?"
My wife said, "But doesn't she have children?" I told my wife that having parents, having children, or having offspring is not as good as having it for oneself. This old lady is likely to have little or no social security pension.
Pensions are very important for the elderly in their later years, as they are related to the quality of life and the ability to live with dignity. Many elderly people around me have a difficult life in their later years, mainly because they did not work or had low income when they were young, resulting in low or no pension when they are old.
How can we solve this problem? Purchasing commercial pension insurance when young is a good solution. For example, the China Life Pension Care and Enjoyment Commercial Pension Insurance has an annualized return rate of 3.35% since its establishment, which is a medium-low risk financial product and can effectively avoid the risks of stock market fluctuations associated with high-risk financial products such as stocks and stock funds.
This commercial pension insurance can be invested in with a minimum of 100 yuan. Taking 100 yuan as an example, the invested 100 yuan is divided into two parts according to the policyholder's age: idle money investment and pension reserve. For instance, at my current age of 54, after I purchase 100 yuan of China Life Pension Care and Enjoyment Commercial Pension Insurance, this 100 yuan is divided into 60 yuan for idle money investment and 40 yuan for pension reserve according to the product agreement.
The 60 yuan for idle money investment can be redeemed every 30 days, and the remaining 40 yuan for pension reserve is our pension insurance box, which is not recommended to be withdrawn in advance. This part of the funds is closed and operates before the age of 60. That is, it can only be redeemed when I am 60 years old. The proportions of idle money investment and pension reserve for people of different ages are different. The older the person, the larger the proportion of the pension reserve. For people in their twenties and thirties, the proportion of the pension reserve is only 10%.
The advantage of doing this is to divide our funds into two parts, one is idle money investment, focusing on flexible use, which can be used for emergency in life at any time. The other is pension reserve, focusing on increasing income in old age, which can be used to improve the quality of life in our later years after the age of 60. Such financial products objectively help us ordinary people to make good pension plans.
Suppose a person starts to buy commercial pension insurance at the age of 30. If they buy 1,000 yuan of commercial insurance every month, it will be 12,000 yuan a year. With a total investment of 360,000 yuan over 30 years, it should not be a problem to have a total of about 600,000 yuan at the age of 60, including the income from pension management. This 600,000 yuan is enough to greatly improve the quality of life for ordinary people in their later years. At least it won't be like the old neighbor in my house, who has to ask others for clothes to wear in winter.Please note that this article is not about selling insurance. The insurance products mentioned in this article are suitable for people who do not understand financial management or investment. It is not suitable for those who are proficient in investing in stocks and funds. Personally, I would not purchase such products because the long-term annualized return rate of my equity investment is over 10%, which is far higher than the financial products offered by insurance companies.
Friends should choose their investment and financial management methods based on their own level of financial management and risk tolerance. Since the vast majority of people do not have the ability to invest and manage finances, investing in commercial pension insurance is really a good choice for the vast majority of people.
For example, due to economic and market reasons, most retail investors in the current A-share market have collapsed. Many people have cut their losses and expressed their determination not to buy stocks. To be honest, such retail investors cannot rely on stock investments for their retirement.
They should purchase medium to low-risk commercial pension insurance for their own old-age life. Due to the high risk of stock investment, most people in the world cannot rely on stock investment for their retirement. The number of people who can rely on stock investment for retirement is very small.
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