For children's education, education insurance is a better financial management tool. Many experts say that the sooner the better. I am a financial planner. Personally, I don't think the sooner the better. Although the premium may fall earlier, you should know that a family's finances are generally developing in a good direction. Many parents should invest more in pure insurance when they are young, such as accident insurance, disability insurance and medical insurance. Don't buy universal insurance and dividend insurance. On the one hand, these types of insurance are expensive and the deferred period of income is too long. In fact, universal insurance is a collection of pure insurance and funds. The income of such funds is too low, and conscientious insurers will never strongly recommend you to buy universal insurance. Young friends should appropriately increase the proportion of investment assets. For example, the yield of some funds is still quite high, especially when the bear market turns into a bull market. The most basic investment method is understandable.

The insurance premium your friend bought for your daughter is actually ok. Your insurance coverage should be 200,000 yuan, and the payment period of 200,000 yuan should be around 78 years. When your daughter goes to college, it will greatly reduce the expenses of your family. At this time, you can also concentrate on the pension planning, be prepared to see the sun and win glory for yourself.

According to the national regulations, the unpaid premium can be paid within two years, and the insurance company has no right to terminate the contract.