Is it cost-effective to pay endowment insurance for flexible employment?

Paying endowment insurance is cost-effective. Pension for flexible employees is also a kind of social security. Since it is a social security with a wide coverage and a policy and system guarantee system, it is definitely worthwhile to live long after retirement, and it is definitely not worthwhile not to live long. But generally speaking, the life expectancy with pension is longer, because life is guaranteed and work earns more. Simply put, flexible employees are those who have no fixed jobs, including odd jobs, self-media drivers and individual industrial and commercial households. They can participate in the basic old-age insurance and medical insurance for employees as individuals. Employees working in the unit must participate in social security. Employers and employees are flexible employees, and they can choose to participate or not. The state is not mandatory, and flexible employees account for all employees' social security participation. The employee's social security payment base must be his actual salary, and the insurance payment base for flexible employees can be freely selected and determined according to 60% to 300% of the local average salary. 20021-In June 2022, the lowest grade of endowment insurance for flexible employees in Henan was 7,629.6 yuan (it can fluctuate between 60% and 300% according to the specific payment policy of local flexible employees).