Job Recruitment Website - Social security inquiry - Will the suspension of social security affect the purchase of endowment insurance in the future?

Will the suspension of social security affect the purchase of endowment insurance in the future?

Stopping social security will affect pensions.

Endowment insurance, "pay more, pay more for a long time", the longer the payment period, the more personal accounts accumulate and the higher the pension. If you stop social security for a period of time due to school or resignation, and then continue to participate in the insurance, the amount and years of payment before and after can be calculated cumulatively. However, the longer the interruption time, the shorter the corresponding cumulative payment time, the less the personal account accumulation, and the less the final pension. If the payment is suspended for a long time and the payment period is not enough by the statutory retirement age, then the time for you to receive the pension will be delayed accordingly. Under normal circumstances, eligible people can choose to extend the payment time and receive a pension.

Finally, social security payment will affect the amount of your pension, and long-term interruption may also affect the time when you receive your pension. If you don't want to stop working or freelance, you can also choose to participate in employee pension insurance as a flexible employee, or pay employee social security through a social security company.