Is social security from a life insurance company?

When you say "insurance company", do you mean "commercial insurance"? Simply put, there are essential differences between basic old-age insurance and commercial insurance, which are manifested in four aspects: 1, and they are different in nature. The basic old-age insurance is a social security system implemented by the state to ensure the basic livelihood of workers. Commercial life insurance is a profit-oriented business activity, and the insurance is voluntary. 2. Different objects and functions. The basic old-age insurance mainly targets workers and gives them basic living security. Commercial life insurance, on the other hand, takes human life or body as the object, and gives economic compensation in accordance with the agreed terms when personal accidents occur. 3, the management system is different, the basic old-age insurance is managed by the labor and social security departments of governments at all levels and their social insurance agencies, which is an important administrative function of the government. Commercial life insurance is an insurance independently operated by commercial insurance companies. 4. Different legislative categories, the basic old-age insurance is a basic right of workers stipulated by the state, which belongs to the national legislative category. Commercial life insurance is the business activity of commercial insurance companies and belongs to the category of economic legislation.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.