Who can elaborate on the advantages and disadvantages of social security?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

Hello, both have their advantages and disadvantages.

Specifically, social security belongs to the social security system, so the amount of social security and the compensation ultimately needed are relatively low, and only some basic diseases and life can be guaranteed. However, once a family is hit hard by a major illness or accident, social security is generally a drop in the bucket. At this time, people often buy commercial insurance on the basis of social security, which requires higher insurance premium and higher payout ratio.

There are many types of commercial insurance, and the division is relatively fine, but social security guarantees the basic life, with fewer types and incomplete protection. Many people can feel more secure when they are in danger or their property is threatened. Nowadays, buying commercial insurance has become a brand-new way, and many people will also take out commercial old-age insurance at the same time, in order to ensure a more secure life in their later years.

I hope I can help you.