Is social security everything?

Abstract: Social security includes five kinds of insurance, which are enforced by national legislation. Social security is not everything. You can buy appropriate commercial insurance against large risks. Social security is a kind of material assistance system in which the state collects special funds through legislation to protect the basic needs of workers when they lose their ability to work or lose their labor opportunities. The types of social insurance include: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Social security is not everything, just as some people say that universal insurance is everything. Social security can reimburse some of your property losses, but it can't pay off your debts. Of course, the debt mentioned here does not mean the money you borrowed from others. This debt includes the debts you should bear, such as mortgage, car loan, children's education, family living expenses and so on. Commercial insurance can realize value guarantee, asset preservation and inheritance planning. These are irreplaceable by social security, so many so-called social security omnipotence cannot be realized, just a basic guarantee. Social security is very different from commercial insurance. The first point: social security is very effective for some common diseases, but the burden for chronic diseases and major diseases is still quite heavy. The second point: social security does not compensate for fires, mine accidents, plane crashes and other deaths. , but only return the money in his personal account to his survivors. Commercial insurance can get corresponding compensation in case of disability or death. Those who buy hospitalization allowance or operation allowance can also get corresponding income when they can't work. Therefore, people with social security also suggest adding commercial insurance to themselves as a supplement.