Privately, I think Li Ka-shing’s original words should be like this: Others say that I am very rich and have a lot of wealth. In fact, the real personal wealth that belongs to me is to buy enough life for myself and my relatives. Insurance! In this way, after a hundred years, I can use these life insurance compensation payments to offset the high inheritance tax, thereby completely passing on my property to my descendants. Li Ka-shing definitely buys insurance, but not for medical treatment, not for serious illness, not for retirement, and not for financial management, but to avoid inheritance tax. This is the reason why many rich people in the world buy insurance. View original post >>

Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance