The choice of social security financial products! !

First of all, we must clarify the definitions of social security and financial management. Social security has no concept of income, but refers to a social security system in which the state establishes a social insurance fund through legislation to prevent and share social risks such as old age, unemployment, illness and death, and gives necessary help to laborers who participate in labor work. Social security insurance is an important social security system in China. It is not for profit, and most members of society must participate in it. Social security includes endowment insurance, industrial injury insurance, maternity insurance, unemployment insurance and medical insurance. In addition to endowment insurance, social security can be reimbursed under certain circumstances. Endowment insurance is a savings account. According to the number of years you have paid and the amount you have paid, you can receive a monthly pension after retirement.

Investment and financial management is to manage one's own financial situation and realize the purpose of maintaining and increasing the value of property. Financial management is divided into corporate financial management, institutional financial management, personal financial management and family financial management, and there are also various investment methods.

A large part of the social security we pay is for the future pension. Social security alone is not enough to support the living standard of the elderly, and it is necessary to accumulate funds by personal investment and financial management. Commercial insurance is the most common and practical way to provide for the aged, with a long payment period. When the insured retires in old age or the insurance period expires, the insurance company will pay the pension according to the contract. At present, annuity insurance, endowment insurance, term insurance and life insurance in commercial insurance can all achieve the purpose of providing for the aged, and they all belong to the category of commercial endowment insurance. Take China Life Credit Suisse as an example, the monthly 600 yuan (similar to the part paid by individuals in the minimum social security payment in many cities) lasts for 20 years. You can get 4000 yuan every three years until you are 79 years old, and you can get a birthday bonus of 150000 yuan when you are 80 years old. Enjoy the benefits paid by the insurance company every year, with a maximum of 240,000 yuan. In addition, the serious illness and death insurance funds are each 150000 yuan, and the medical insurance fund is 20000 yuan.

If you want to pursue sustained and stable income, another advantage of choosing insurance is to ensure that funds do not depreciate. Xinkai has a variety of financial insurance, and the expected annualized rate of return is above 5%. Long-term investment can enjoy compound interest and accumulated dividends. Financial insurance is a means of compulsory saving, which can preserve and increase the value of wealth, help young people plan ahead, avoid excessive consumption when they are young, and provide a strong guarantee for their later life.