My baby will be born soon. I want to buy insurance for my children and my wife. What should I buy? I am more concerned about the health and employment of my wife and children in the future.

If you really care about your children and your wife, you should buy your life insurance. Look, if you have a problem, they have nothing. If they buy insurance, they will get insurance claims and give them a guarantee for their future life. On the contrary, I bought them insurance. If anything happens to them in the future, is it interesting for you to take money? Insurance is bought just in case. If funds permit, it's best to buy all three.

Many years ago, I made a serious study of insurance, and concluded that insurance companies have actuaries, and the eligibility of insurance products has already been calculated. This is not something you and I can discuss here. The key is which type you need. Divided into the following categories: value preservation, accident prevention, and pension.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.