Is it better for flexible employees to buy social security or commercial endowment insurance? What is the difference?

I think it is better to buy social security, because social security is covered by the state. Social security is very important for China people, but for flexible employees, individual payment of social security often means greater economic pressure. However, social security is more reassuring than commercial insurance.

If economic conditions permit, it is best for flexible employees to purchase social security. For flexible employees, whether they buy social security or commercial endowment insurance, the purpose is to have an economic income to ensure their life when they are old. The key is whether they can get this income when they are old.

Compared with commercial endowment insurance, social security is one of its key advantages. Because social security is covered by the state and guaranteed by the government, the pension paid by social security after retirement can generally meet the basic needs of individuals.

From the perspective of stability, I also suggest that flexible employees buy social security; From the perspective of future economic security, I also suggest that flexible employees buy social security.

The difference between buying social security and buying commercial endowment insurance lies in the different economic pressures. Flexible employees need to bear the part borne by individuals and enterprises when purchasing social security, and the economic pressure is relatively large, and the annual expenditure will generally be more than 1 10,000 yuan; According to the different amount of protection, the expenditure of commercial endowment insurance varies greatly, but the price is often not too high.

The guarantee coefficient is different. Generally speaking, social security and commercial endowment insurance are relatively guaranteed, but comparatively speaking, the social security coefficient is higher, and commercial endowment insurance is likely to face the situation of not getting pension.

The coverage is different. Social security usually includes old-age insurance and medical insurance, while commercial old-age insurance is limited to ensuring old-age care. But when people get old, medical insurance becomes extremely important. There is a big difference between having medical insurance and not having medical insurance for elderly patients.

The degree of acceptance is different. Social security is introduced by the relevant state departments and accepted by the whole people, while commercial endowment insurance is introduced by various insurance companies, which is relatively low. Many people would rather spend more money on social security issued by the state than buy commercial old-age insurance.

In fact, in real life, commercial old-age insurance can also be used as a supplement to old-age care. But from a personal point of view, I prefer to buy social security, because flexible employees are often more concerned about future stability and profitability, and commercial endowment insurance is at a disadvantage in these two points.