Recommendations for Life Insurance at Different Stages of Life(3)
Single parent family
Life characteristics:
With only one source of income and having dependent children, economic pressure can be greater.
Life insurance recommendations: term life insurance / life insurance life / savings Life Insurance
Depending on the income level, you should choose to insure against term life insurance or long term life insurance / life insurance to save in order to provide children with financial security in the future. It is recommended that you start with term life insurance and consider whether to purchase life insurance or savings if capacity permits. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
Family with disabled children
Life characteristics:
There are children with disabilities who cannot make a living at home and who want to provide children with disabilities with a stable source of income behind them.
Life insurance recommendations: life insurance with cash surrender value / universal life insurance / savings life insurance / investment life insurance
Cash surrender value life policies combine investment / savings. Once the insurance costs have been paid, the premium will be invested in a separate savings / investment account with savings functions and distribution of dividends (not absolute). Thanks to a stable investment portfolio and a time composition, significant assets can be accumulated for future use by disabled children. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
Retirement of ethnic groups without excessive financial burden or support
Life characteristics:
Children are employed and economically independent, and the financial burden and responsibility of the family have been greatly reduced, and the burden is less.
Life insurance recommendation: no need to buy life insurance / listed life insurance
The main objective of life insurance is to guarantee family members a stable source of income after the death of the insured. For those who are about to retire and who have no financial burden or who do not need to support their loved ones, they cannot in fact buy life insurance. If you still want to purchase life insurance to insure the other half of the guaranteed life for seniors, it is recommended that you choose term life insurance with a fixed premium. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
Retired people still in debt
Life characteristics:
Perhaps the mortgage has not been paid, or the loan is still outstanding, and the burden on the shoulder is still not light.
Life insurance recommendations: term life insurance
It is recommended that you choose term life insurance that ends when your loan is paid off, and provide your family with more protection when there is still a loan. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
Retirees with no financial burden
Life characteristics:
There is no debt or financial burden and you can take care of yourself in your later years.
Life insurance advice: no need to buy
The main objective of life insurance is to guarantee family members a stable source of income after the death of the insured. For retired, silver-haired groups who have no financial burden or who need to support their loved ones, there is no need to spend more on life insurance. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
Retirees still in debt
Life characteristics:
Retirement pensions lead a life, but still have responsibilities.
Insurance recommendation: term life insurance
If there is still a lot of debt to pay off and you don't want to drag your family, it is recommended that you take out regular life insurance to protect the family. (※ The suggestions above are based on the premise that there is always a balance after deduction of expenses necessary for life
