Which is more cost-effective to pay endowment insurance or manage money?

The main purpose of paying endowment insurance is to receive a monthly pension after retirement, thus achieving a sense of security. Old-age insurance accounts for a relatively large proportion of employees' social security expenses and can only be collected after retirement, so some people consider saving their own pensions. So which is cost-effective to pay endowment insurance or manage money?

1, increased level

The pension level is linked to the social average wage and price level in the year before retirement. For example, when the average salary of the previous year was 30,000 per month, the pension would also be calculated as a parameter.

The expected income of wealth management is calculated according to the principal and the agreed expected rate of return, which is directly related to the operation of wealth management products. General wealth management products will not promise that the expected rate of return after decades will be consistent with the average income level of society.

2. Interest rate level

Endowment insurance is paid jointly by individuals and units, and the part paid by individuals will enter personal accounts and calculate interest. The interest rate is related to the average salary of employees in the previous year, the interest rate of bank deposits and other factors, but it will not be lower than the interest rate of bank time deposits. For example, the bookkeeping interest rate of 20 18 is 8.29%.

The annualized expected rate of return of wealth management products is not uniform. The annualized expected rate of return of robust wealth management products is mostly between 3% and 5%. Products with an expected rate of return of more than 8% are often less secure and too risky as pension investments.

3. Flexibility

To receive old-age insurance, two conditions must be met: reaching the statutory retirement age and paying old-age insurance for a specified number of years. Insured persons who meet the above conditions can enjoy pension benefits on a monthly basis, and the expenses are paid by the pension insurance fund. After the death of the insured, the family members can withdraw the balance from their personal accounts, but they can no longer receive a monthly pension.

The amount in the wealth management account is flexible, and the balance of the wealth management account can also be inherited according to law.

In fact, social security and financial management do not conflict. In the case of abundant funds, we can consider combining the two. The above content about paying endowment insurance and managing money is cost-effective, and I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.