Social security and endowment insurance are insufficient, depending on how commercial insurance is supplemented.

Many people think that the basic old-age insurance provided by social security is insufficient, but they don't know whether to buy commercial old-age insurance. Good planners point out that judging whether commercial endowment insurance is worth buying does not require painstaking calculation, as long as it can outperform inflation. Data show that the inflation rate in China is about 3.5%. In other words, if the average annual rate of return of a commercial pension insurance (remember that it is "average annual rate of return" rather than a single settlement date) is less than 3.5%, then it will certainly not help you realize asset preservation, let alone appreciation.

It's not worth spending a lot of money on old-age insurance.

It is said that the allocation of commercial old-age insurance can be used as a supplement to social old-age insurance after retirement to improve their quality of life in their later years. But money is not a white-collar worker. From the date of insurance, the annual premium will be1-30,000 yuan, and it will last for 10-20 years. If dividend income and income can't outperform inflation, we will lose money and make money.

Invest in 500 yuan every month. If we persist for 20 years, even if the income is conservatively calculated at 10%, we can get assets of nearly 350,000 yuan. Even then, it will be worth more than 65,438+10,000 yuan, but it is better than spending a lot of money on commercial endowment insurance.

China's commercial endowment insurance is still "virtual"

At present, the coverage of China's commercial endowment insurance is not enough to be called "endowment insurance". With the increase of retirement age, you will be over 60 when you retire. What do you need or worry about most at this time? Children are filial, generations live together, and so on. For the time being, it is our most urgent need to have a healthy body or dare to go to the hospital when you are sick. But unfortunately, at present, the protection of commercial endowment insurance in this respect is still very lacking. If you simply buy old-age insurance and don't buy additional critical illness insurance, you won't get paid for paying such a high premium.

How much is it worth?

Give a chestnut

Take Taiping Guardian life annuity insurance of Taiping Life Insurance as an example. The basic coverage is 1 000 yuan, and the annual payment is 1 097.3 yuan, totaling 1 097.3 yuan. 55-60 years old, returned to 500 yuan every year; 60 years old-lifelong, 2000 yuan will be returned every year, and the premium paid will be returned when he dies.

If you buy five-year treasury bonds with 6,543.8+10,000 yuan at this time, it will be more than 5,000 yuan a year ~ ~

Comments on excellent financial planners

A good financial planner's point of view is very clear. If you are not a high-income and high-net-worth person, try not to buy commercial endowment insurance. Don't listen to the insurance salesman say how much income you can earn every year. Nothing is more cost-effective than making long-term investments with premiums from now on.

Who can buy commercial endowment insurance?

Of course, this kind of endowment insurance is not useless, and no one can buy it. It is still suitable for some groups.

1. high-income people. You have a lot of money, and you can easily afford the old-age insurance premium of 6.5438+0 million yuan per year, as well as the additional necessary health insurance and accident insurance premiums. The annual premium expenditure shall be controlled between 10%- 15% of the annual income.

2. Young people. Buying this kind of insurance in advance, the premium burden is relatively light. In addition, if parents don't have social insurance, I suggest that you don't blindly spend a lot of money to buy commercial endowment insurance, which is likely to lead to the phenomenon of "upside down premium" (that is, the premium paid is higher than the insured amount).

3. People who can't afford investment risks and can accept stable income. At present, the average annual income of endowment insurance is mostly around 2%-3.5%. The advantage of buying endowment insurance is that there is no risk of capital loss, but the income is relatively low.

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