To understand why people buy insurance, we can first understand the function of insurance.
1. Insurance is leveraged, so you can leverage a higher amount of insurance with a lower premium.
People may face many risks in their life, such as diseases, accidents, death risks and so on. Once these risks come, the consequences are unimaginable.
Although guarantee insurance cannot avoid these risks, it can often transfer the economic risks brought by these risks.
Like the well-known critical illness insurance, it has the function of transferring the economic risks brought by the insured suffering from related diseases.
The cost of treatment and rehabilitation of major diseases is often unbearable for ordinary families. If critical illness insurance is configured and qualified, the insurance premium paid by critical illness insurance can help patients and their families solve the economic crisis and treat them with peace of mind.
Therefore, it is very necessary for people to buy guaranteed insurance!
Through this article, you can learn about several common types of insurance:
What's the difference between critical illness insurance, medical insurance, accident insurance and life insurance? Will there be conflicts when making claims?
2. Insurance has financial management function.
At present, fund wealth management products are no longer guaranteed. The only financial management methods of capital preservation are bank deposits, national debt, and insurance with financial management nature except investment-linked insurance.
And because insurance has the right to provide policy loans, liquidity will be better than the other two financial management methods of capital preservation!
Whole life insurance, for example, is a kind of financial insurance with capital preservation, and many high-net-worth people also like to manage their finances by taking out this insurance.
Friends who are interested in financial insurance can also read this article:
What's the difference between dividend insurance, universal insurance and increased whole life insurance financial insurance? Which is the most cost-effective?
From these examples, we can see that people have many advantages in buying insurance. It is even more necessary to buy insurance such as critical illness insurance!
If you want to know how to choose the insurance that suits you, this article should not be missed:
Which kind of insurance is better and how to buy it is more cost-effective, and teach you to avoid these pits of insurance.
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