Insurance knowledge of new immigrants in the United States

Introduction to # American Immigration # Immigrant visa applicants must prove that they will get certified medical insurance or have the financial resources to pay reasonable and foreseeable medical expenses insurance within 30 days after entering the United States, and they will only get an immigrant visa after meeting these conditions. Here's an introduction to the insurance knowledge of new immigrants in the United States. Welcome to read!

Insurance knowledge of new immigrants in the United States

1. How does insurance make money?

The first is how to charge the insurance premium. Insurance premium = pure premium+additional premium.

For example, there are 1 0,000 families whose houses are worth 1 0,000 yuan, and they are all at risk of losing their houses due to fire. In order to avoid this risk, they go to the insurance company for insurance, and if the insured house is on fire, the insurance company will compensate them. According to data investigation, the insurance company found that the probability of house fire is 0. 1%, and the total value of this house1000 *100000 = 100000, and the estimated total loss is 10000 * 0.650. If the total loss is allocated to 1 1,000 households, it is 1 10,000 yuan = 1 1,000 yuan, which is actually a pure premium calculated according to the law of large numbers.

The daily office activities of insurance companies also require costs, which constitutes an extra premium. This example is only used to illustrate the principle, and the actual insurance premium determination process is more complicated.

After receiving a large amount of insurance premium, the insurance company will not deposit the money in a small vault, just like the bank mentioned in the meaning of Yang Ma's RRR cut before. After the bank pays part of the reserve to the mother, the rest of the money can be used for lending. Because all insurance accidents can't happen at the same time, the insurance company will also withdraw part of the liability reserve for compensation, and the rest will be used for reinvestment to make money. The following picture shows the capital destination of domestic insurance companies, and a large proportion of other investments are real estate.

Nowadays, with the development of the Internet, the emerging operation mode of crowdfunding insurance is to obtain insurance funds through crowdfunding, deducting 25% of platform management fees, and putting the remaining 75% into the fund pool. Once the insured suffers losses as agreed in the contract, the company will withdraw the agreed amount from the cash pool to compensate the insured.

The above-mentioned commercial insurance companies are for profit, and social security is not for profit. The purpose of social security is to provide basic living security for workers. The employee's social security premium consists of three parts, one is paid by himself, the other is paid by his company and the other is paid by the government.

2. What is the use of insurance for individuals?

We all know that the greater the income, the greater the risk. If there are high-yield and low-risk products, it must be deceptive. Insurance is our hedging tool, and we lock in risks with insurance premiums. Naturally, there is no income, so insurance is not a tool to make money, and it is very dangerous to have inappropriate expectations about insurance.

For property insurance, the function of insurance is loss compensation, that is, if your property suffers losses, you can get economic compensation. For example, I bought anti-theft insurance for my small electric donkey, and the small electric donkey can get the economic compensation stipulated in the insurance contract after being stolen.

For life insurance, insurance has the function of payment. After all, life is priceless. After the death of our beloved brother Leslie Cheung, the insurance company paid more than HK$ 30 million in compensation. Of course, the insurance premium he paid was also very high.

Further reading: the cost of American immigration

I. Project Investment Fund

EB-5 Act stipulates that overseas investors need to invest in 100000 or 500000 USD projects in the United States for a period of five years and create10 direct or indirect jobs in order to obtain a conditional green card. In addition, it is worth noting that the investment in the regional center project located in the tea area alone reaches 500,000 US dollars, and the investment in direct investment projects reaches 1 10,000 US dollars.

Second, management costs.

In addition to the basic investment of 500,000 US dollars, investors also need to pay attention to the administrative management fees, which are different in different regions, and some regions do not charge management fees. Generally speaking, the management fee is about $40,000-$50,000, and the management fee in some areas may reach about $60,000.

Third, the intermediary service fee

Because American EB5 investment immigrants have certain risks, most investors will choose to find an intermediary. At present, there are many domestic immigration companies, and the service fees charged are different. Generally speaking, there are about 50,000-80,000 RMB, as well as materials notarization fees and translation fees. Before signing an agreement with an immigration company, investors must ask what services are included in the fee.

Fourth, immigration attorney fees.

In addition to some of the above fees, investors should also pay attention to preparing a lawyer's fee, which is used to pay immigration lawyers. The price of attorney's fees is about 6.5438+5,000 to 25,000 dollars, which is mainly used to pay the application fees of I-526 and I-829 and other miscellaneous fees.

The expenses involved in the whole EB-5 investment immigration process are basically the above. All in all, EB-5 investment immigrants need to prepare funds in advance of about $590,000. Of course, these expenses are for reference only, and the actual cost still depends on the actual situation.