Understand the detailed names, meanings and insurance methods of various social insurances.

Seeing that you are the pillar of the family, the key policyholder of the whole insurance portfolio should be you. It is recommended to buy the following types of insurance.

1. Consider purchasing critical illness insurance. Middle-aged people are prone to various diseases. Buying this insurance can take preventive measures, including critical illness insurance, and reduce the burden on families. The general coverage is10-200,000.

2. Buy pure personal life insurance with non-surrender, regular payment, low premium and high security, and recommend the insurance amount of 400,000, which can resist the repayment pressure brought by unexpected period.

Your wife suggested buying medical insurance. Although she has social security, if she is really sick, she still needs to bear certain medical expenses, and many drugs are not covered by medical insurance, so I suggest her to buy medical insurance.

Your child is younger, so the risk factor at this age is lower, so no matter what insurance you buy, it is cheaper. People of this age can buy some short-term dividend insurance, which is often referred to as 3-5 years return dividend insurance, so that there is protection and funds can return.

For specific insurance types, you can consult the salesman or agent bank of the insurance company and the website of the insurance company. However, it is suggested that because paying the insurance premium is a long-term behavior, it is generally around 10-20 years (children's insurance may be longer), so you should be prepared for the funds. It is generally recommended that 20%-25% of the family's annual income be used to purchase insurance. After all, there are many other places that need to spend money. In addition, it can also be based on occupation, living habits, travel patterns and other factors.