What's the difference between annuity insurance and social security? The more detailed and popular, the better.

The differences between annuity insurance and social security include different meanings, different attributes, different responsible subjects and different management methods.

Regarding annuity insurance, the senior insurance consultant team spent several months strongly summarizing these contents. In order to avoid losses, we must pay attention to the following → "Share the annuity insurance purchase strategy! Stop jumping in these pits! 》

1 has different meanings.

Annuity insurance is a kind of life insurance, which means that the insured pays the insurance premium to the insurance company in stages or at one time according to the contract, taking the survival of the insured as the guarantee condition, and then pays the insurance premium to the insured according to the contract.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

2. Different attributes

Annuity insurance is a kind of commercial insurance. Consumers want to buy, and they don't want to buy. People can choose to buy freely without coercion. Endowment insurance is compulsory and enforced by national legislation. Employers must pay employees, otherwise it is illegal.

3, the main responsibility is different.

The liability subject of annuity insurance is the insurance company where the individual and the product are located; The main body of responsibility for endowment insurance is the government.

4. Different management methods.

The fund management means of annuity insurance is applied to the capital market; The endowment insurance fund is managed by the state, and the management means are savings and national debt.

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