For most salaried employees, in addition to the social insurance of five insurances and one housing fund, four types of immediate insurance are generally required, namely medical insurance, critical illness insurance, accident insurance and life insurance.

Choosing the right plan for yourself starts with a thorough understanding of what the different plans cover. A misunderstanding that tends to occur when judging insurance is to only look at insurance protection, such as medical insurance and critical illness insurance, so both types of insurance are to protect against illness. Insurance is about sharing our financial unpredictable stress when the corresponding risk arises, not to protect the risk itself.

Medical insurance mainly covers the heavy medical expenses and hospitalization expenses in the event of a major illness. Critical illness insurance mainly covers the income gap that occurs due to the incapacity to work due to a critical illness, which is essentially a living expense rather than a medical expense. The situation of accident insurance coverage is slightly more complicated, as the problems caused by accidents can be large or small, mainly the corresponding costs caused by accidents.

Life insurance, mainly term life insurance, mainly protects the income gap caused by illness or accidental death on one side of the family. Because this insurance is directly linked to death, many people will avoid it, but I personally believe that life insurance is actually a very important type of insurance, even more important than accident insurance.

In terms of rigid insurance needs, I recommend the configuration order: medical insurance, critical illness insurance, life insurance, and accident insurance. Different types of insurance cover different risks, and we can effectively analyze our own insurance needs.

For example, for people who have achieved financial freedom, critical illness insurance and fixed life insurance can no longer be insured, because there is no income gap after financial freedom, as long as the principal is there, the income is there, income does not have to worry, there is no risk of income gap.

Whether you have business insurance or not, everyone has at least one insurance benefit. The only difference is this: the risk is borne by the insurance company or the family who loves you. Therefore, as a responsible person, understanding insurance is love for yourself and your family. We just want you to understand everything and make a plan that works for you and your family.

Some friends will think: insurance is a lie, buy it is fooled, don't believe those people，actually, I understand it very well. In the early years, when the insurance market was still immature, some inappropriate insurance promotion methods did leave a bad impression on the people. However, if you avoid talking about insurance because of this; That would be a big mistake. Families or individuals without insurance protection, like a large supermarket or hot pot restaurant downstairs, are not equipped with fire extinguishing equipment, which has great safety risks. Therefore, we need to pay attention to the issue of insurance

（Writer：Selin）