Sunshine Insurance: How about Sunshine 365 Protection Plan?

Buying insurance depends not only on age, but also on income and expenditure, family situation and financial habits. The following is the general direction of financial management and insurance planning, which can be used as a reference. For your personal situation, you can contact and comprehensively analyze the family's economic needs.

Financial management strategies in different stages of life

A person's life can be roughly divided into several financial management stages:

Single period: develop good financial habits. Young people often spend a lot of money, leaving no room. But for the future, you should also learn to control your expenses as soon as possible and make plans for your financial arrangements. But also actively accumulate wealth. Suggested investment ratio "cash 5%, bonds or savings 25%, stocks or funds 60%, insurance 5%.

Nesting period: control expenses and consider buying more and safer insurance. During this period, most people begin to take on all adult responsibilities, including starting a family, buying their own property and having children. In the face of various demands, it is particularly important to effectively control expenditure. It is important to know how to protect the wealth you already have. Suggested investment ratio: "cash 10%, bonds or savings 25%, stocks or funds 55%, insurance 10%.

Family maturity: portfolio investment, retrospective insurance. You should make good use of the extra income and increase your savings. Secondly, establish a diversified investment portfolio. As your income increases, you need to examine your insurance needs. Suggested investment ratio: "cash 5%, bonds or savings 45%, stocks or funds 40%, insurance 10%.

Family harvest period: tighten the string of investment and financial management. Now, your children should be adults and live independently, and your house loan may have been paid off. Moreover, the days before retirement may be the most profitable time for you. At this stage, you should be very aware of people's demand for your quality of life after retirement. Suggested investment ratio: "cash 5%, bonds or savings 50%, stocks or funds 35%, insurance 10%.

Enjoy your family life: sit down and enjoy your success. Life after retirement is your golden age. At this stage, the focus of your financial arrangement should be changed. Your income will become very limited, so it is very important to manage your expenses effectively. Suggested investment ratio: "cash 10%, bonds or savings 65%, stocks or funds 20%, insurance 5%.

About insurance, in fact, it is not only a question of age, but also related to economic ability, income and expenditure, family structure, financial preference and so on. You can feel the following points about insurance.

The first one: accident insurance policy

At the age of 25-30, our economic ability is still limited. We are still starting a business or working hard, accumulating wealth for our lives and preparing for buying a house and a car. Although we don't have family needs, risks are everywhere, and traffic accidents are staged in the streets of the city every day. Accidents are no longer small probability events, and a wrong collision in life must be paid by someone.

Accident insurance is the first necessary policy at this stage. Accident insurance provides the guarantee of life and safety, and its functions are death and disability payment. Buying an unexpected medical service is a guarantee for life, and it also reflects the reward for the kindness of parents.

Additional insurance for accident insurance is also a necessary choice. Accidental medical compensation, including outpatient and registration fees, can be paid. Minor illness hospitalization and operation expenses can also be realized through additional hospitalization and operation compensation.

Second: medical insurance policy for critical illness.

By the age of 30, we have begun to be afraid of physical examination. We carefully plan the future with a generous salary. Life seems to be progressing step by step as envisaged, but there is always a little uneasiness in my heart. More than half of the urbanites are in a sub-health state, and the incidence of serious diseases is getting higher and higher, and the onset age is getting lower and lower. Today, when a cold can cost thousands of dollars at a time, our social medical insurance payment makes people feel insecure. Disease is a black hole in family finance, which is enough to make the money saved by years of hard work disappear in an instant.

Critical illness medical insurance is a way to transfer risks and obtain protection, and it is also one of the best choices for financial management. Use some money to buy medical insurance for critical illness, and you can get compensation in case of danger. If you don't get out of danger, you will eventually get a return and recover an interest.

Third: the old-age insurance policy

Who will support you in 30 years? This is a problem that we have to consider. When we are more and more accustomed to a high-quality lifestyle, do we think that the living standard in the future may plummet? Many city residents have only one child. When two children have to bear four old people in the future, it is undoubtedly a great pressure to expect children. Planning your own pension problem is the embodiment of being responsible for yourself and your children.

It is necessary and inevitable to consider supporting the elderly at the age of earning money. If funds permit, you should start to consider buying an old-age insurance. Endowment insurance has both security and financial management functions, and can also resist the influence of inflation. Endowment insurance should be purchased as soon as possible. The sooner you buy it, the greater the discount.

Fourth: life insurance policy to protect wealth.

We no longer refuse to spend tomorrow's money. With loans to buy a house and a car, there are more and more "losers" in cities. Life with loans is full of flavor and pressure. In case something goes wrong, who will pay back hundreds of thousands or even more bank loans?

No one can take the risk, so we should transfer the risk. Calculate the loan amount and buy a life insurance with the same amount. For example, if the total loan amount is 800,000, buy an 800,000 life insurance policy. Once it changes, there are insurance companies to pay back the mortgage. This kind of insurance can provide wealth protection for individuals and families. Of course, housing insurance and auto insurance are also essential at this stage.

Fifth and sixth: children's education and accident insurance

After marriage, the former single aristocrat began to face the responsibility to the family. It is imperative to prepare a sum of money for education from the day the child is born. The cost of education is getting more and more expensive, and it costs tens of thousands to go to a university. Not to mention the cultivation of children's hobbies, swimming, playing the piano, and having a tutor, such a high cost is also a huge sum.

Fortunately, the child was born in the prime of his parents, with high income and stable financial resources, so he can provide a good education fund for his children at this time. Prepare a perfect education guarantee for children, and the huge children's education reserve will give you no worries.

There are two ways to prepare education funds, one is to reserve education funds to ensure earmarking. The other is to buy a life insurance policy (for example, 12% of the amount returned by Century Angel two years later, and the accumulated interest of this 12% is the education fee for children when they go to school, and there is still a bonus to be returned.

Child accident insurance is another necessary insurance policy for children. Children are more active and curious, and are more vulnerable to accidental injuries than adults. Children's accident insurance has a high degree of protection and can provide medical help for children in danger.

Seventh: real estate appreciation policy

If you think the above six policies are unnecessary, then you have to consider the policy of property appreciation. If you don't want your hard-earned property to be eroded by the inheritance tax that may be levied in the future, if you want to ensure that your property will be given to the designated person, if you don't want to affect your family because of some economic problems. According to the current laws of our country, any insurance income is tax-free. Children, as beneficiaries of insurance benefits, do not need to pay personal income tax. Now you can put some of your assets into the insurance company, and the insurance company will help you realize your wishes within the scope permitted by law, which may enlarge your assets.

Manulife Financial Holdings Hong Zhong Insurance Company Senior Life Insurance Consultant.