I'd like to take out an insurance policy for my husband and myself to protect us against old age and illness, and I'd like to take out an insurance policy for my daughter who is almost 2 years old to

I'd like to take out an insurance policy for my husband and myself to protect us against old age and illness, and I'd like to take out an insurance policy for my daughter who is almost 2 years old to protect her against illness and education, so I don't know what kind of insurance to take out. Hello!　This sister, for universal life insurance, you should carefully consider the purchase, because the corresponding deductions in it, if you do not understand, then you will not be able to figure out the protection. Advantages and disadvantages of universal life insurance 1. Advantages of universal life insurance: the payment period is flexible, in the middle of the financial reasons can not continue to pay, you can suspend the payment without affecting the protection function of the contract; protection can be adjusted at any time, you can adjust the amount of insurance according to the different periods of family responsibilities, but also according to the needs of different periods, part of the account value of the amount of money to receive as education, old age and other costs.　2. Disadvantages of universal life insurance: Universal life insurance has a long payback period, usually over 20 years. Compared with traditional life insurance and term life insurance, universal life insurance is less cost-effective because it is more invested but less strong in terms of protection. Because of the flexible payment period, the continuation rate is very low, and it is not possible to achieve mandatory savings. In addition, people who expect universal life insurance to bring higher returns are not suitable for purchase, because its guaranteed return above the rate of return are uncertain.　In addition, the deduction of universal life insurance has an initial fee, protection management fee, risk protection fee, of which the deduction of the initial fee is the payment period, if you do not pay the fee, the initial fee will not be deducted, but the protection management fee is deducted for life, and the deduction of the risk protection fee is with the age of the insured person increases year by year. So for universal life insurance figure out what you want to achieve a protection before you buy. Do not hesitate to spend money on it. In addition, you are welcome to learn more about China Life's products!