Is the financial industry, insurance is not only a guarantee, but also an investment, but also an important life planning. Insurance is also a financial management tool. Banking, insurance and securities are three main financial management tools. Putting money in the bank is less risky and of course less profitable; Securities investment may get high returns, but there is also the risk of principal loss or even no return; Insurance is special. Investing in endowment insurance is at least capital preservation, with almost zero risk, and has both investment and savings functions. In terms of savings, it is necessary to pay premiums regularly every year, which is equivalent to compulsory savings. It is quite practical for the moonlight family with poor self-control. Compared with the deposit in the bank, insurance can resist inflation through compound interest and appreciation, and all the benefits of insurance do not need to be taxed. Generally speaking, the rational allocation of family property is: cash as living reserve, funds and bonds as mid-line investment, real estate and insurance as long-term investment, forming a stable triangular structure, realizing long-term development and continuous appreciation.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.