Should I buy social security early or late? I am only 19 years old.

Social security is a basic form of social security that individuals can receive unemployment benefits and pensions after unemployment or retirement. The social security fund is a part of the work unit and individual, and the work unit has to bear most of it.

Social security and medical insurance are two different things. Medical insurance mainly refers to a way to reimburse certain medical expenses and reduce personal economic burden. Social security receives unemployment benefits and pensions according to payment years and premiums, while medical insurance reimburses medical expenses according to payment years and premiums. Unemployment and illness do not depend on personal will, so the sooner you join the insurance, the better.

1, related to age: low premium expenditure.

One of the factors in calculating the insurance premium rate is related to age. If you buy the same protection, the younger the insured, the less the cost, and the older the insured, the more the cost.

2. Time correlation: the guarantee period is long.

Nowadays, many life insurances are long-term protection or even lifetime protection. Once insured, you can enjoy security benefits. The younger you are insured, the longer you will enjoy the protection. Moreover, many life insurances have dividend function, and dividends are calculated according to compound interest, so the sooner you apply for insurance, the sooner you can enjoy dividend income, and the longer the cumulative time, the richer the income.

3, related to inflation: reduce the cost of inflation.

With the development of social economy and rising prices, the consumption level will also increase. Similarly, it is impossible for insurance companies to keep the original premium products in the market for a long time, so insurance products are constantly updated, and each product will stop selling after a period of time, and then substitute products will be introduced at a slightly higher rate.

4. Related to underwriting: Don't let insurance pick you.

Most young people are in good health, so they don't need a medical examination under a certain amount of insurance, and even if they need it, they can easily pass the underwriting. Older people generally need a physical examination. And in case of some physical problems, you may be asked to increase the insurance premium, and may even be refused insurance.

5. Risk-related: Who will arrive first tomorrow or risk?

Everyone knows when he will come, but no one knows when he will be injured and when he will leave. Because risks are everywhere. We can't know which comes first, tomorrow or risk, so getting ready as soon as possible will help us face the risk calmly.

Extended data:

Conditions for purchasing social security:

Social security is the basic guarantee for future life, not a simple question of how much to invest and enjoy.

. Because there are too many irresistible factors in life, some people are often sick or seriously ill, so medical insurance is very important to him; Some people live long, so the pension they receive far exceeds the amount they pay. So how to deal with social security and what matters should be paid attention to when dealing with social security have become people's concerns.

According to the document, what we usually call "self-employed workers and freelancers participate in social insurance". In this way, the conditions for participating in the insurance are that, according to the documents, individual workers and freelancers with the ability to work within the working age stipulated by the state.

The so-called individual workers refer to the employers and employees of individual industrial and commercial households; Freelancer refers to a person who gets legal remuneration by providing labor services during the period when he has not established labor relations with his unit.

References:

Baidu Encyclopedia-Personal Social Security