Insurance companies sell insurance. If you save money or deposit it in a bank for reliable investment, you can buy a fund. Of course, money can be used whenever you want in the bank, but it is easy to put it in the insurance company and difficult to withdraw money. Banks are always the best place to deposit money. The purpose of insurance is protection, which is completely different from saving. Liquidity is far less than savings.

The difference between insurance and savings is as follows:

1) savings: savings is a ladder and a method of gradually accumulating funds. It takes some time to reach the target quantity. If you don't save enough money, even if there is an accident, it will be a drop in the bucket and you will be in a hurry. Savings can calculate interest, not risk. The Law of People's Republic of China (PRC) Commercial Bank stipulates that commercial banks can go bankrupt, and once a bank goes bankrupt, it may lose all its money. The savings interest rate is variable, as evidenced by the continuous downward adjustment of the bank interest rate from 1996 to 1998. Saving is just saving.

2) Insurance: Insurance is to take the elevator, which is characterized by the guarantee of the agreed amount at the same time. When it happens unintentionally, the insurance premium will be dozens or even hundreds of times higher than the insurance premium, which can be described as "four or two thousand dollars". Insurance is to calculate the huge cost of risk and provide it to you in time. The Insurance Law of People's Republic of China (PRC) stipulates that an insurance company engaged in life insurance business shall not be dissolved and shall pay the premium on schedule. The protection of insurance will not change because of external factors. Insurance is a kind of savings with both value preservation and insurance functions, and it will be by your side when you need it.

Five risks of putting money in the bank:

1), people thought that bank bankruptcy was almost unthinkable in China. Now, the bank bankruptcy has really come. This means that once the bank goes bankrupt, depositors' deposits will be compensated by deposit insurance institutions. The maximum possible compensation is 500,000 yuan, and the excess cannot be compensated or paid in proportion.

2) Banks don't have long-term savings products, up to five years. Because it bears the expected annualized interest rate risk.

3) Saving means keeping risks for yourself and relying on personal accumulation to cope with future risks. It doesn't cost anything, not even interest. However, it may fall into the predicament of insufficient protection-when an accident happens, if you don't save enough money, you can only worry.

4) Bank deposits are characterized by convenient access, but it is this factor that makes many people unable to save money, that is, to spend in advance.

5) Banks are generally calculated on the basis of simple interest. Without compound interest, the money in the bank can't maintain and increase its value, but only depreciates a little with inflation.