What's the difference between endowment insurance and social security?

1. Conceptual differences: Old-age insurance is a system that provides basic living security for people who have lost their ability to work by participating in social insurance; Social security, that is, social insurance, refers to the social and economic system in which the state gives economic compensation to those who lose their ability to work and whose economic income is affected;

2. The contents of security are different: old-age insurance is used to guarantee the basic life of the elderly after retirement; Social security guarantees the basic life of the elderly and the insured after retirement.