Survivors Insurance In China

Survivors Insurance is a form of a pension in which after the death of the insured employees, their spouses enjoy insurance money. With the aggravation of population aging, the scale of elderly survivors is growing in China. Gender differences from the family division of labor, labor market and pension and other result in older women economically disadvantaged. Worse, care support from children is weakened by modernization and economic support from husband is deprived by widowed lead them to the brink of poverty. Although the establishment of a Minimum Living Standard Security System and Corporate Survivor Pension System, both are under the category of social assistance, narrow coverage, low level of protection, can’ t guarantee the basic livelihood of the elderly survivors. In this context, the implementation of Survivors Insurance is important.Because death is inevitable and unpredictable, defused the risk of poverty from widowed in the way of social insurance has become a common practice in developed countries, such as Survivors Insurance in the US and Japan, Annuities Joint in Switzerland and Chile as well as National Annuity in Sweden and Canada. Comparison of the pros and cons of three security policy, I believe that China for the implementation of Survivors Insurance.By analyzing the international experience and domestic system, I believe that survivors should be positioned as an insurance system to protect the basic livelihood of the elderly survivors. The funds come from the state, enterprises and individuals. Security object is older survivors, and benefit levels above the poverty line. Survivors Insurance is a social institution, spread risk through socialization way.China already has the conditions for the implementation of Survivors Insurance. Mature pension system and rapid economic development provide policy and financial support to the implementation of this policy. The implementation of Survivors Insurance will not bring financial pressure.