This insightful discussion on insurance comes from Mr. Hu Shi.

The original text is as follows:

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The meaning of insurance is to prepare for tomorrow today; to prepare for death during life; and for parents to prepare for their children; When children are young, they prepare them for when they grow up; that’s all. Prepare today for tomorrow, this is true stability; prepare for death during life, this is true broad-minded; parents prepare their children, this is true love. Only those who can do these three steps can be regarded as modern people.

Extended information:

Hu Shi (December 17, 1891 - February 24, 1962), formerly known as Siji, also known as Xijiang, and his scientific name was Hong Wei, and later changed his name. Suitable, the word is suitable. Thinker, writer, philosopher. A native of Jixi, Huizhou, he is famous for advocating "vernacular Chinese" and leading the New Culture Movement.

Educated in a private school in his hometown when he was young. At the age of 19, he was admitted to the Boxer Indemnity Official Scholarship. He studied in the United States and studied under the philosopher John Dewey. He returned to China in the summer of 1917 and was employed as a professor at Peking University.

In 1918, he joined the editorial board of "New Youth" and vigorously advocated vernacular writing, promoting individual liberation and freedom of thought. Together with Chen Duxiu, he was the leader of the New Culture Movement. His articles elaborated on the differences between old and new literature from the perspective of creative theory, advocated new literary creation, translated some works of French Daudet, Maupassant, and Norwegian Ibsen, and took the lead in the creation of vernacular literature. His vernacular poems published in 1917 were the first new poems in the history of modern literature.

After the "May 4th Movement", he parted ways with Li Dazhao, Chen Duxiu and other intellectuals who accepted Marxism. Starting from the "dispute between issues and doctrines", he advocated reform and changed his "20 years of non-conformity". Talking about politics; not doing politics for 20 years” attitude. He founded the "Jiujiang Weekly" in the 1920s, the "Independent Review" in the 1930s, and the "Independent Times" in the 1940s.

Served as the Ambassador of the Republic of China to the United States from 1938 to 1942. Nominated for the Nobel Prize in Literature in 1939. From 1946 to 1948, he served as president of Peking University. Went to the United States in 1949. He returned to Taiwan in 1952 and became president of Academia Sinica in 1957. Died of illness in Taipei in 1962.

Baidu Encyclopedia-Hu Shi