Let's talk about the disadvantages first: compared with stock funds, the income is too low, and the flexibility of bank deposits is too poor. At present, the yield of long-term wealth management insurance products is around 3%, and many people look down on this yield, and the loss of surrender in the middle is great.

In addition, the advantages: it is also good to have a safe and stable income of about 3% when the bank interest rate goes down (note that 3% here is compound interest and bank deposit is simple interest), and for people who are usually scattered, insurance financing is also a good means of compulsory savings, which can be used as a way to supplement children's education funds and their own pensions. For the rich, insurance financing has the advantages of designated benefits (avoiding property disputes), tax avoidance (other countries avoid inheritance tax and other taxes, but China has not yet imposed it), asset allocation and so on.

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