Recently, I have been studying risk management tools in depth, and critical illness coverage still has practical value. To put it simply, health risks are inherently unpredictable—rather than gambling on luck, it's better to use a portion of the returns to hedge against the worst-case scenario. This is the most straightforward logic of risk hedging.

In contrast, savings-oriented financial products are honestly just high-fee, low-return "paying for intelligence." The target customer profile for these products is very clear: people who suddenly receive a large sum of money but lack discipline, tend to make reckless decisions, and ultimately see their principal returned. They set up a "mandatory savings" gate for this group to prevent self-destruction.

People who truly understand finance? They generally won't touch these kinds of products. They understand what alpha returns are, what beta allocation is, and are clear about their risk tolerance. For them, protection and appreciation should be separated—buy insurance where needed, invest where appropriate, and specialize in their field. The key is to recognize clearly: insurance is insurance, financial management is financial management, don’t confuse the two.