Into the aging era, pension insurance is facing more and more payment pressure. It is necessary to accelerate the establishment of multi-level, reasonable structure of the pension insurance system, from the international experience, the third pillar of the world as the focus of the pension system optimization reform, and achieved remarkable results. Although China has made a useful exploration in the field of the third pillar of endowment insurance, but due to the imbalance of the three pillars, insufficient financial support, limited understanding of individual insurance. A series of problems such as the increase in the difficulty of risk control of financial products in the era of longevity make the development of the third pillar pension insurance still have more room for improvement, and it is necessary to promote the development of the third pillar of pension insurance by increasing policy support, enriching the supply of personal pension products, Optimizing insurance business services, and exploring consumption-accumulation personal pension insurance.