What is commercial endowment insurance? Is it worth buying?

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1. What is commercial endowment insurance? Commercial endowment insurance product information

Commercial endowment insurance is a supplement to social endowment insurance. Generally speaking, it takes human life or body as the insurance object, and when the insured retires in old age or the insurance period expires, the insurance company pays the pension according to the contract. Annuity insurance, endowment insurance, term insurance and life insurance in commercial insurance can all serve the purpose of providing for the aged to varying degrees and belong to the category of commercial endowment insurance.

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Second, is the value of commercial endowment insurance worth buying?

Commercial endowment insurance is a long-term personal insurance with the main purpose of obtaining pension. It is a special form of annuity insurance, also known as endowment insurance. After paying a certain premium, the insured of commercial endowment insurance can start to receive pension from a certain age. In this way, although the income of the insured is reduced after retirement, he can still maintain his pre-retirement living standard with the help of the pension.

To sum up, commercial endowment insurance is paid voluntarily, and can be used for endowment insurance protection at a certain age or at an agreed time. Commercial pension insurance can be used as a supplement to social security and an important means of pension planning on the basis of paying employee pension insurance or urban and rural residents' pension insurance, which solves the problem of "people are alive and money is gone" and has its own unique advantages. Commercial endowment insurance can also help young people plan ahead and avoid excessive consumption when they are young.