How to buy endowment insurance at the age of 50 is as follows

50 years old is an important milestone. When you reach the age of 50, people need to pay more attention to their social security, especially the old-age insurance. So how to buy old-age insurance at the age of 50?

How to buy endowment insurance at the age of 50?

This can be achieved by purchasing social security for residents and commercial endowment insurance. The specific analysis is as follows:

1, users aged 50 can participate in social insurance, including endowment insurance. You can apply for social security for residents, which can provide the most basic guarantee for users' lives. The minimum payment period of endowment insurance in social security is 15, that is to say, if you start to participate in insurance at the age of 50, you must pay at least until you are 65.

Article 16 of the Social Insurance Law stipulates that individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for fifteen years. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

2. You can also choose to buy commercial endowment insurance. There are many types of commercial endowment insurance, and the payment period can be chosen by yourself, including wholesale payment, 3 years, 5 years, 10 years, 20 years, etc. For people over 50 years old, they can still buy commercial endowment insurance. By insuring commercial old-age insurance, we can supplement social security pension and make the future old-age life more stable. However, it should be noted that if people over the age of 50 take out commercial endowment insurance, the rate is relatively high.

Insured persons over the age of 50 can fully enjoy social endowment insurance benefits through participation. However, when paying old-age insurance, we should also pay attention to abide by local laws and regulations, pay insurance premiums on time, check our old-age insurance payment records regularly, and fully understand the insurance payment rules in order to enjoy more social security benefits.