Is it cost-effective to pay endowment insurance at the age of 45?

It is more cost-effective to pay social endowment insurance at the age of 45.

According to the regulations of the state, social endowment insurance can be paid for more than 15 years, and you can receive endowment insurance when you reach the legal retirement age. Paying social endowment insurance at the age of 45 is exactly the legal retirement age for male consumers to pay 15, but female consumers need to extend their retirement age, because the legal retirement age for women is 55, and if they pay at the age of 45, they need to extend it to 60 to meet the requirements of paying 15.

If you are an employee, it is just right for men to start paying at the age of 45, and women may need to postpone their retirement age; If everyone participates in the old-age insurance for residents, the retirement age of both men and women is 60, which is just right. However, I suggest you start paying in advance to prevent the supply from being cut off halfway.

What are the benefits of buying endowment insurance? It can provide a sense of security for the elderly, make their old age more secure, enjoy national treatment and reduce the burden on their children;

1. meet the needs of the elderly: meet the basic needs of the elderly, including food, clothing, housing and transportation in old age, so as not to have no dependence in old age. Buying old-age insurance can solve the basic guarantee. After all, after retirement at the legal age, elderly retirees can receive a monthly pension to ensure their livelihood and achieve a sense of security.

2. Make life in later years more secure: the quality of life is inseparable from money, the elderly labor force is weakened, and pensions are linked to the average social wage, so that life in later years is more secure;

3. Enjoy national treatment: social security is the obligation given to every citizen by the state, and it is also the greatest benefit of buying old-age insurance. Everyone is equal, childlike innocence is not lost, and it is fair to pay more and pay more.

4. Reduce the burden on children: In China, when parents get old, the burden falls on their children. If they have a certain financial ability, they can reduce the burden on their children to a certain extent in life.

To sum up, if employees are insured with old-age insurance, it is appropriate for men to start paying at the age of 45, and women may need to postpone their retirement age; If everyone participates in the old-age insurance for residents, the retirement age of both men and women is 60, which is just right. However, I suggest you start paying in advance to prevent the supply from being cut off halfway.

Legal basis:

Labor law of the people's Republic of China

Article 70

The state develops social insurance, establishes social insurance system and social insurance fund, so that workers can get help and compensation in old age, illness, work injury, unemployment and childbirth.

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.