In order to ensure the life after retirement, individuals can buy commercial old-age insurance, and institutions or institutions may introduce enterprise annuities, which will stimulate the development of commercial annuities and commercial old-age insurance. In addition, the daily operation of pension management and investment needs the participation of commercial insurance companies, so the deepening reform of pension insurance system will be beneficial to the development of commercial insurance. 1990, the proportion of elderly people over 65 living alone or only with childless spouses in China is 10%. According to the forecast, by 202 1, this proportion will rise to 27%, which is the group that needs insurance most. Moreover, many post-80s and post-90s children are only children, and the "4+2+ 1" model of their miniaturized families will not be able to provide for the elderly economically and in time.