The difference between life endowment insurance and social security

Hello, what's the difference between life insurance and social security? 1. Social security with different attributes is national welfare. The state requires all units to participate in social security for employees and bear most of the social security expenses. Life insurance belongs to commercial insurance, and consumers can freely choose whether to take out insurance. 2. Social security with different functions includes endowment insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. Different types of insurance provide different protection. Among them, after the pension insurance has been paid for 15 years, you can receive a monthly pension after retirement. Medical insurance can reimburse medical expenses incurred in the medical insurance catalogue. Industrial injury insurance is used to supplement the compensation for accidental injuries suffered by the insured during work. Unemployment insurance is compensation paid to the unemployed. Maternity insurance is used to reimburse medical expenses of employees during childbirth, and also provides maternity allowance. The protection provided by life insurance is generally death and total disability protection, which provides protection for the insured's family. 3. Pay different fees. The payment standard of social security is related to the salary level and payment base of the insured in the previous year. The payment standards are different in different regions. The social security of employees is shared by employees and units, and all flexible employees are borne by themselves. The premium of life insurance is related to the insurance product, the guarantee period, the guarantee amount, the age of the insured, etc. The insured can pay the premium in batches or by stages.