本文研究目的是以模擬方法分析不同的消費者在購買投資型保險商品或 購買定期壽險且餘額自行投資(buy-term-and-invest-the-difference, BTID)的二 種策略上，應如何透過自身條件挑選較佳的保險投資策略。實證模擬結果顯 示，保險期間愈長並且投保年齡愈高的消費者，應選擇購買投資型保險較有 利，同時挑選投資型保單的附加費用率總和愈小、危險成本愈低或是保額保 費比值愈高的保單，更能獲取較高的相對報酬。但是，擁有下列三項要素之 一的消費者，包含保險期間愈短、投保年齡愈低亦或是保額保費比值愈低， 應選擇BTID 策略較有利。

The purpose of this paper is to examine by simulation the different consumers how to choose the investment-oriented insurance (IOI) or buy-term-and-invest-the difference (BTID) strategies in their own conditions for financial needs. The results of simulation have shown that IOI strategy should be employed when the consumers with higher insurance age and longer policy period, and furthermore, consumers of purchasing investment-oriented insurance products should choose policies with lower loading expense, lower insurance cost or higher ratio of insured amount to premium. In addition, BTID strategy should be used when the insurance age is younger, the insurance period is shorter or insured amount to premium ratio is lower.