The endowment insurance in Baojing County, Xiangxi, Hunan Province is 60 years old.

Not recommended. It is not cost-effective when the employee pension insurance does not allow one-time payment, so it is more cost-effective to use the social security money for old-age care.

The old-age insurance for urban and rural residents is mainly for other urban and rural residents who are over 16 years old and have not participated in the old-age insurance for urban workers, so there is no upper age limit for participation. People over the age of 60 can still be insured according to regulations. According to the provisions of the old-age insurance for urban and rural residents, if the payment period is less than 15 years, you can pay the fee once or year by year, but you are over 60 years old, that is, you are over the age of receiving benefits, so you need to apply for the old-age insurance for urban and rural residents in the township or street social security service center where your household registration is located. After handling the endowment insurance account for urban and rural residents, you can pay a one-time fee of 15 years, and you can start to receive the basic pension after the payment is completed. Because one-time payment cannot enjoy state subsidies, it is best to choose the highest payment standard for payment when economic conditions permit. However, the highest payment standard for urban and rural residents' old-age insurance is formulated by local governments, and its standards are not uniform. Some can only pay 3000 yuan a year at most, while others can reach 7000 yuan a year.