Term life insurance, also known as "term death insurance", means that the insured dies or is completely disabled within the period stipulated in the insurance contract, and the insurance company pays the insurance money according to the agreed insurance amount; If the insured is alive at the expiration of the insurance period, the insurance contract will be terminated naturally, and the insurance company will no longer bear the insurance liability and will not refund the insurance premium. Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China

Liability of term life insurance: death+total disability. Due to accidental injury, or after waiting period for reasons other than accidental injury, death or total disability can be paid. Compared with the death protection provided by some savings-based critical illness insurance (death due to accidental injury or illness), such regulations are more relaxed and easier to settle claims. What are the good recommendations for critical illness insurance? I just sorted out the relevant contents, hoping to help you: the top ten insurance companies "worth buying" hot critical illness insurance inventory!

2. The subject matter of term life insurance

Term life insurance is an insurance that provides protection for the death of the insured. The object of life insurance is the insured, but the ultimate beneficiary is not the insured himself. Because life insurance is based on the death of the insured, the expenses of the insured on death insurance are obviously less than 1 minute, which is reserved for family members. What are the good life insurance recommendations? I just sorted out the relevant contents, hoping to help you: the top ten insurance companies selling life insurance in 2020!

This is different from critical illness insurance and medical insurance. The insurance premium of critical illness insurance and medical insurance is mainly spent on the insured himself, and the most direct beneficiary of purchasing critical illness insurance and medical insurance is the insured himself. Therefore, life insurance is bought for family members, in order to leave a sum of money for family members after the death of the insured, instead of the insured to provide economic security for their subsequent life; In other words, life insurance is a substitute for the family role of the insured, and the substitute is the role of the insured as a source of family income.

Therefore, only when the insured is the main source of family economy, life insurance is needed as the backing of the insured, and the insured needs life insurance protection.

If the insured is not the source of family income, the family income will not be affected after the death of the insured, and naturally there is no need for life insurance protection.

Three. Significance of term life insurance

The role of fixed life is mainly used to ensure the contribution of the family's economic pillar to family income. From the perspective of assets or liabilities, minors, children who have not yet worked, and retired elderly people have basically made no contribution to family income. It can be said that they are only family liabilities, not family assets.

As the backbone of the family, husband and wife are the main source of family income, the assets of the family and the important guarantee for the stable operation of the family. If they are seriously ill, dead or completely disabled, it will not only cause a lot of medical expenses, but also greatly reduce or even interrupt the family's financial resources.

Therefore, it is undoubtedly necessary to allocate term life insurance for the main labor force or economic pillar in the family. The higher their income, the higher the protection of term life insurance.