First, through the leverage principle, you can get a large amount of economic compensation and spend a small amount of money to protect a large amount of money when you encounter an accident or suffer from a serious illness. Especially for serious illness, the cost of treatment, rehabilitation and lost time are all solved by the insurance of serious illness insurance plus hospitalization medical treatment and hospitalization subsidy. Without psychological pressure, recovery is more effective.
Second, insurance is recognized as the best scheme for property preservation. Article 4 of the Individual Income Tax Law stipulates that the state is exempt from individual income tax on income related to subsistence, dividends and creditor's rights. From life insurance.
Article 5 of the Provisional Regulations on Inheritance Tax (Draft) stipulates that the insurance money obtained from the life insurance insured by the decedent shall not be included in the total taxable estate.
A limited liability company or company owner will not be recovered when the company's debts are recovered. When the owner of a sole proprietorship enterprise or a basic partnership enterprise is insolvent, the life insurance of his children is not within the scope of recovery.
If the life insurance insured by the debtor has a clearly designated beneficiary, it does not belong to the scope of recovery. The debtor's life insurance for his children does not belong to the scope of personal recovery when recovering debts.
When an enterprise faces litigation preservation, its property (including houses, cars, deposits, stocks, funds, bonds, etc.). ) is sealed up, the property in the personal insurance account shall not be sealed up, detained or frozen.
Li Ka-shing once said: Any financial plan that does not consider health and accidents is not perfect. Because this is the premise of your financial management, otherwise your hard-earned money will be wasted.
Without insurance, no matter how much money you earn, you are also poor.
This is insurance. In this sense, is there a better financial product than commercial insurance?
As for whether insurance is deceptive or not, a word answer: only unqualified insurance salesmen will let you choose inappropriate insurance products. The reason why insurance "cheats" people is wrong choice and ignorance.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.