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What is life and death insurance and who is suitable for it?

Life and death insurance is a type of insurance worth buying because the insured will get the insurance money regardless of whether they survive or not.

So who is life and death insurance suitable for? Let’s find out together.

What is life and death insurance? It refers to a type of life insurance in which the insured dies during the insurance period, or the insurance company pays the insurance premium to the beneficiary after the expiration of the period during which the insured pays the insurance premium.

Who is suitable for insurance? 1. People with insufficient pension security.

Through the introduction of life and death insurance, it is not difficult to find that in addition to the protection function, life and death insurance also has a certain fund preservation function. After the policy holder and the insured pay the premium, regardless of whether the insured dies or not, they can obtain

Insurance.

For people with insufficient pension security, purchasing life and death insurance can not only provide protection, but also provide a pension after the expiration of the term.

2. The breadwinner of the family.

The family breadwinner is the backbone of the family, so their protection is indispensable. Many people know that a life insurance is essential for this kind of people, because life insurance can solve the family's life difficulties after the death of the family breadwinner.

In this case, a life and death insurance can also have the same effect, or even better. If the financial supporter does not die after the expiration of the protection period, you can still get an insurance benefit.

3. Families with better economic status.

It is not difficult for such families to meet their basic needs such as food and drink.

This allows for consideration of capital storage.

By taking out personal insurance such as life and death insurance, you can store funds that can be used as children's education funds or pension expenses.