Which is better, social security or commercial endowment insurance?

Social endowment insurance and commercial endowment insurance are very good. If the budget is sufficient, it is better to allocate it to them. Social endowment insurance is one of the basic security systems of social security. General social endowment insurance needs to pay 15 years, and then receive pension after retirement. Social security pension benefits are linked to the payment period and payment base.

Commercial endowment insurance is self-insured and purchased according to its own budget. Generally, you can choose when to start receiving money and how much to receive each month or year, which is more flexible and independent. How much and when to take it is up to you. At present, many insurance companies have commercial endowment insurance, such as universal insurance, annuity insurance, increased whole life insurance and so on. There are various forms of insurance, and there is a basic guaranteed interest rate. You can choose an insurance company with strong product operation ability and stable investment to obtain higher returns.

If the budget is sufficient, social endowment insurance plus commercial endowment insurance is the best combination, which can ensure the quality of our old-age life.

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