Save wisely by reviewing insurance! How to cut unnecessary insurance and accelerate asset formation

Did you know that there are many people who pay more than 380,000 yen a year for life insurance?

Sure, insurance brings peace of mind, but not everything is necessary.

If you reduce unnecessary premiums and put them into savings and investments, you will have freedom in the future.

In this article, we will explain how to review your insurance and increase your money wisely.

Let's increase your money literacy together!

Table of Contents

1 Average premium and the importance of review

・ The reality of Japanese insurance premiums

Are you paying unnecessary insurance premiums?

2 Consider the balance between savings and insurance

Risks that can be covered by savings

・ The case where insurance is necessary

Select the 3 insurance policies you really need

The value of life insurance.

How to choose car insurance

The need for fire insurance.

4 Points to Identify Unnecessary Insurance

Do you really need medical insurance?

Pitfalls of savings type insurance and student insurance

5 Tips to turn insurance premiums into asset formation

Specific ways to increase savings.

・ Open up the future with investment

6 at the end.

7 Average Premium and Importance of Review

Many Japanese people pay an average of 382,000 yen a year for life insurance.

It's a surprisingly large amount, isn't it?

Certainly, it is important to be prepared in case of emergency.

But do you really need all of that insurance?

In fact, there are many cases where you are paying unnecessary insurance premiums.

Here, we will delve into the reality of insurance premiums and the need for review.

・ The reality of Japanese insurance premiums

According to a nationwide survey, the average premium is 382,000 yen per year.

This is a considerable burden on the household.

Especially for those who are enrolled in the Employees' Pension Service, monthly premiums of 5,000 yen or more can be a burden.

Have you ever felt that your monthly insurance premiums are squeezing your household?

There is actually a possibility that this amount can be greatly reduced by reviewing it.

Are you paying unnecessary insurance premiums?

Insurance is to buy safety.

But if you take out more insurance than you need, your money keeps disappearing.

In particular, it is inefficient to pay high premiums for risks that rarely occur.

If you cut down on unnecessary premiums, you can turn them into savings and investments.

To manage your money wisely, let's first check the contents of your insurance.

2 Consider the balance between savings and insurance

If you rely too much on insurance, you lose flexibility in your household.

By reviewing the balance between savings and insurance, you can see how to use money wisely.

Here, we will organize the risks that should be covered by savings and the situations where insurance is necessary.

Would you like to review how you spend your money?

Risks that can be covered by savings

It is wise to deal with events that rarely happen with savings.

For example, medical expenses for minor illnesses and injuries.

Public health insurance in Japan is substantial, so if you have savings, you can cover it well.

It is more reasonable to increase savings and respond flexibly than to pay insurance premiums.

Let's start preparing to use money freely.

・ The case where insurance is necessary

On the other hand, insurance is effective for large risks.

When the main pillar of the family dies, the life of the family changes greatly.

There are cases where you are liable for high compensation in a traffic accident.

The risk of a house burning down in a fire is also a life-changing event.

The trick is to use insurance to focus on such big risks.

Select the 3 insurance policies you really need

Not all insurance is necessary.

If you choose carefully, three insurances will cover you well.

Here's the insurance that you need for your child rearing household, someone who drives a car, or someone who owns a home.

Let's take a look at how to eliminate waste and prepare wisely together.

The value of life insurance.

For families raising children, life insurance is a strong ally.

If something happens to the main pillar of the family, you can protect the life of the family.

It is attractive that insurance premiums are cheap and you can join only for the necessary period.

To protect the future of your family, this insurance is worth considering.

Think about what your family needs.

How to choose car insurance

If you drive a car, car insurance is required.

In particular, the point is to choose unlimited compensation for interpersonal and objective purposes.

If you cause serious damage to the other party in the accident, the compensation amount may be tens of millions of yen.

Let's not be stingy here and prepare well.

In order to drive with peace of mind, please check the compensation contents now.

The need for fire insurance.

For homeowners, fire insurance is essential.

The risk of a fire may be small, but the loss when it occurs is immeasurable.

If a house burns down, not only will you lose your place to live, but the cost of rebuilding will also be a big burden.

Fire insurance will protect you from such risks.

Would you like to review your home insurance?

4 Points to Identify Unnecessary Insurance

Many insurance policies are actually unnecessary.

Continuing to pay unnecessary insurance premiums is a waste of money.

Here, we will explain the points to identify unnecessary insurance.

Let's think together about your insurance, which one you really need.

Do you really need medical insurance?

Japan's public health insurance system is one of the most comprehensive in the world.

In most cases, the cost of hospitalization and surgery can be covered by savings.

Things where the cost of premiums often exceeds even if you have private health insurance.

If you have savings, you will be less worried about medical expenses.

Health insurance policies are worth a little review.

Pitfalls of savings type insurance and student insurance

Savings type insurance and student insurance are often thought to help prepare for future funds.

However, the yield is often low and it is more efficient to invest and save.

Personal pension insurance is the same, and it may be a wise choice to manage it yourself.

If you want to increase your money, consider ways other than insurance.

How do you prepare for your future funding?

5 Tips to turn insurance premiums into asset formation

If you cut unnecessary insurance, you can turn that money into asset formation.

By saving and investing, we are getting closer to our future freedom.

Here's how to smartly turn your premiums into an asset.

Let's make money work and aim for a rich future together!

Specific ways to increase savings.

First, review your monthly insurance premiums to cut waste.

Let's turn the floating money into reserve investment or NISA instead of ordinary deposits.

Investment trusts that can be started with a small amount are also recommended for beginners.

The habit of saving will lead to great assets in the future.

Why don't you take a step forward from today?

・ Open up the future with investment

Investing is a powerful tool to increase your assets.

The return on insurance is low, but you can aim for a high return on investment.

It is recommended to start with index investment with reduced risk.

Let your money work wisely to fulfill your future dreams and goals.

What kind of investment do you want to challenge?

6 at the end.

Reviewing your insurance is the first step in reviewing your finances.

If you cut unnecessary premiums and turn them into savings and investments, future possibilities will expand.

The important thing is to identify the insurance you really need.

Boost your money literacy and learn how to spend your money wisely.

Why not start reviewing your insurance today and build a prosperous future?

Thank you for watching until the end.

The insurance review # saving The Asset Formation Money literacy The Investment Trust