Recommendations for Life Insurance at Different Stages of Life(2)
Singles with higher income
Life characteristics:
It could be a small supervisor or someone from the middle to high class who has been working for some time. Income is high and stable. It is still unclear whether they will marry or have children in the future. They have extra money.
Life insurance recommendation: investment life insurance
If the degree of personal risk taking is high, it is recommended to choose investment type life insurance and to choose to invest in active funds. If the degree of personal risk-taking is low and prudent, it is recommended to choose investment-type life insurance or savings-type life insurance, and then to match prudent investment funds. (※ The above suggestions are based on the premise that there are always a balance after deduction of expenses necessary for life)
A small basic family newly married or having a baby
Life characteristics:
When we have just started a family, we may still be working hard and we are about to welcome our little life. There may be pressures on mortgages only to buy a home, but there is a need to prepare living expenses such as an education fund to raise children in the future.
Life insurance recommendations: Single Payment Family Life Insurance / Lifetime Life Insurance; double salary family life insurance / savings life insurance
Right now, you can have a significant financial burden due to major expenses such as buying a house or simply having a child. It is recommended that the economic pillar of a single-earner family choose to provide regular life insurance or life insurance according to income status to provide family members with future financial security. Double payment families may consider choosing life insurance such as regular or savings, which can reduce premiums. It is recommended that you consider strengthening protection for life from age 35, but the premise is to match the appropriate interest rate environment. When the interest rate is low, the premium is generally relatively high.
Regardless of families with one or two salaries, it is recommended to start with term life insurance. If capacity permits, consider purchasing life insurance for life. In addition, as long as there is mortgage pressure, life insurance protection must be strengthened and life insurance coverage must be increased according to income, so that after death, members of the family can't even keep the house, life insurance protection can come in handy. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
A family with a good life
Life characteristics:
Families with sufficient income and a good life do not have to worry about excessive money. There may be children or the couple may decide to be the best academy.
Life insurance recommendation: investment life insurance
If the degree of risk taking is high, it is recommended to choose investment type life insurance and to choose to invest in active funds. If the risk exposure is low and prudent, it is recommended to also choose an investment type life insurance or a savings type life insurance, as well as conservative investment funds. (※ The above suggestions are based on the premise that there is always a balance after deducting expenses necessary for life)
