To buy critical illness insurance, it is better to buy a lifelong type or for a certain period of ti

Whether it is better to buy critical illness insurance for life or on a regular basis depends on your personal protection needs and insurance budget, and there is no difference between the two in nature. Those with relatively high incomes can choose to buy whole life critical illness insurance, while those with relatively ordinary incomes are more suitable for term critical illness insurance.

Before buying insurance, you must first understand these key knowledge points!

To put it simply, when the insured is diagnosed with a contracted illness and meets the claim conditions, the insurance company can pay cash compensation. In addition, there is no restriction on the use of funds in critical illness insurance, which can be used to cope with various expenses during illness, or as a reserve fund, etc.

Regarding the detailed role of critical illness insurance, the senior sister will not explain too much, if you are interested, you can take a look at the following article:

What illnesses are covered by critical illness insurance? If you don't know these, don't buy them randomly!

Whole life critical illness insurance does not require the insured to be diagnosed after the waiting period (except in the case of accidental injury), while term critical illness insurance will only pay compensation if the insurance is out within the specified time. Therefore, the protection of whole life critical illness insurance is more stable than that of term critical illness insurance, and the premium of the former is higher than that of the latter.

However, whether it is a whole life critical illness insurance or a term critical illness insurance, they have stricter requirements for the age and health notification of the insured. Therefore, if you plan to buy critical illness insurance, the senior sister recommends that you act as soon as possible, the older you are, the more premiums you have to pay, and the lower the success rate of insurance.

Is the health notice of the insurance company making it difficult for us?

The term of critical illness insurance coverage, whether fixed or lifetime, can be judged according to your actual situation.

Under normal circumstances, senior sisters will recommend everyone to choose whole life critical illness insurance to obtain more stable and long-term protection.

However, all other things being equal, whole life critical illness insurance often requires a higher premium than term critical illness insurance.

Therefore, if you have a limited insurance budget and are not enough to purchase your favorite lifelong critical illness insurance, you can also choose to purchase term critical illness insurance first, and then supplement the whole life critical illness insurance when your economic ability improves.

There is a difference between the two.

1.The features are different.

Scheduled critical illness generally covers losses incurred during the period of family liability.

In addition to the period of family responsibility, lifelong critical illness also covers the period of old age when there is a high incidence of critical illness.

2.Insurance liabilities are different.

Periodic critical illness is relatively reduced in the types of critical illness and mild illness, and there is generally no exemption from insurance liability such as minor illness and terminal illness.

3.Rates vary.

Fixed-term critical illness is generally consumption-based, and the coverage is not long, there are not many types, etc., and the rate is low.

4.Customers value it differently.

Conclusion: Regular critical illness is a compromise choice when the customer's funds are not sufficient and the required protection is high, and the regular critical illness needs to be superimposed on the basis of purchasing a lifelong critical illness!

Critical illness insurance is very useful and takes up a lot of budget, and many people will struggle with whether to buy a term or a lifetime when they buy it. In fact, both types of insurance have their own advantages and disadvantages.

Which is more cost-effective, term or lifetime?

1. Different payment methods are designed for different needs, so there is nothing good or bad, otherwise everyone thinks that what is bad will not be sold; 2. If you consider it from the perspective of protection, of course, it is good for life, because he can be guaranteed for life, but the rate can definitely be higher, and the incidence of critical illness will generally decrease after the age of 70; 3. If you are sensitive to rates, then regular critical illness is also a good choice; If the cost can be borne and you pay more attention to protection, then you should choose lifelong protection as much as possible.

The incidence of critical illness is closely related to age; The older you are, the higher the probability of developing the disease. Therefore, the longer the insurance period, the more adequate the protection for critical illness risks; However, the longer the insurance period, the higher the cost of covering the risk, which means that the premium will be more expensive.

If you choose term critical illness insurance, (1) choose to cover up to the age of 70: it can solve the critical illness risk of major life stages. At the age of 70, life responsibilities are basically fulfilled.

Therefore, insurance coverage up to the age of 70 can basically meet the needs of critical illness protection. After the age of 70, although there is no critical illness protection, in case of critical illness, family savings can also support the illness**, and will not cause too much burden on family life. (2) Choose a shorter insurance period of 20 years and 30 years

It can give priority to the risks of the heavier life responsibilities at a lower premium, so it is suitable for young people who have just started working; However, it may result in a lack of follow-up coverage, and after the expiration of the insurance period, it is impossible to purchase it due to age or physical problems, so as the income increases, you can supplement a longer insurance policy in the future. (3) There are also some people who are in a period of heavy life responsibilities and need to take care of their families, support their parents, and have a high amount of critical illness protection to deal with the risk of critical illness. However, the daily expenses of the family are large, and the budget needs to be controlled.

Therefore, you can also consider a combination of long and short, on the basis of having a long-term critical illness insurance, buy another one and choose a shorter insurance period to ensure that you can have enough insurance amount during the period when you have the heaviest responsibilities in life.

If you choose a lifetime critical illness insurance, it is a more worry-free option. First, with the increase of age, the incidence of major diseases is higher, and the insurance can cover the age group with the highest incidence of diseases, which is more reassuring. Second, whole life critical illness insurance can provide coverage until the death of the insured, and as long as the premium is paid on time, the protection will not be interrupted.

However, because the older you are, the higher the incidence of critical illness, and the premium of whole life critical illness insurance is the most expensive, so it is suitable for people with a more budget.

Finally, it is recommended to buy critical illness insurance with sufficient sum insured, and the sum insured must reach at least 500,000 yuan. This is because critical illness insurance covers serious illnesses that cost hundreds of thousands or millions, such as stomach cancer, leukemia, etc. In addition to medical expenses, it is also necessary to consider the expenses during the period and the decrease in income caused by not being able to work.

If the amount of insurance you buy is very low, such as hundreds of thousands, it will be difficult to make up for the expenses. On the premise of sufficient sum insured, consider your budget comprehensively, and give priority to short-term protection if the budget is not sufficient. If you have enough budget, consider opting for a longer insurance period.

First: score the difference between the two. Term Critical Illness Insurance:

It is based on a fixed number of years of coverage (e.g. up to age 60, coverage up to age 70), and if a critical illness occurs during the coverage period, you can get a claim. Whole Life Critical Illness Insurance: The coverage period is limited to life, that is, until the death of the insured.

Regular, annual payment of the kind, buy insurance critical illness protection high.

What kind of guarantee can be provided for life, and for regular periods?

It depends on your financial situation. Preferably for life.

If you can afford it, you can buy whole life insurance.

Hello, I recommend buying a lifelong good for critical illness, after all, the insurance time is long, generally speaking, the incidence of critical illness is over 42 years old, but the older you are, the more you need protection, but the result is expired at this time, you want to have protection but there is no more, and then to add insurance may be rate and physical reasons, you may not be able to buy it! Therefore, it is recommended that you buy lifelong critical illness insurance, after all, the risk is to be transferred to the insurance company, which is your original intention of buying insurance!

It must be good for life, have you ever understood what insurance is?

Whether we adults or children, we should buy for life, and none of us can estimate when the risk will come.

Personally, I bought it until I was 70 years old, and there was no need to have it after 70 years old.

Many people will be entangled in the fact that they don't know whether to protect critical illness insurance until the age of 70 or 80 or for life. In fact, you can look at the wallet, if you have money, you can guarantee it for life, and if you don't have money, you can guarantee it regularly. The first thing is to make a high sum insured.

"Lifelong or fixed-term" seems to be the choice problem that most customers who buy critical illness insurance have to go through. Whole life critical illness insurance provides more comprehensive protection, so you don't have to worry about getting a critical illness and not having money to treat it. If you can afford it, I think it's better to buy whole life critical illness insurance.

For regular and lifelong content, friends in a hurry can read this condensed article:Should I choose term or lifetime critical illness insurance?

1. What is the difference between term and lifetime critical illness insurance?

Let's first take a look at the difference between a regular critical illness and a lifelong critical illness

It can be seen that the main difference between the two is the guarantee period and **.

l Guarantee for life is to guarantee for life; The term of insurance, such as 30 years and 70 years old, is only guaranteed for a period of time, and there is no protection after expiration.

l The guarantee time directly affects the same product, and the lifetime guarantee will be higher under the same conditions.

On the one hand, it is very cheap, and on the other hand, the protection is more perfect, so how to choose?

Second, if the economy allows, it is more recommended to guarantee it for life

1. The older you are, the greater the risk of disease.

Assuming that critical illness insurance coverage only reaches the age of 70, there will be a blank period after the age of 70. If you lose your coverage at the stage when the probability of illness is highest, then you do so at your own risk.

So if you buy consumer-based term critical illness insurance and there is no accident during the protection period, isn't the money wasted? Is it worth buying? Don't worry, I'll help you reveal its true face, and you'll know if it's worth buying after reading it:

Why choose consumer-based critical illness insurance? If you don't go out of business, the premium will not be paid in vain!

1. The lifetime cash value is higher.

What does cash value mean? That is, if you don't want to invest after the purchase and want to surrender the policy, the insurance company will return a part of the amount to you, which is the cash value.

Generally speaking, the cash value of the term will rise first and then fall, and the peak will not be very high. The cash value can exceed the premiums paid, or even close to the sum insured.

Between a fixed term and a lifetime guarantee, I think it is better to guarantee a lifetime, but it is still recommended by the actual situation when it comes to individuals.

If you are on a very tight budget, it is recommended that you buy a fixed term and make the sum insured high, which is actually a good protection.

If you are too lazy to look at the plan, you can pick it directly from itBar:Top 10 cost-effective critical illness insurance points worth buying!

Critical illness insurance is a type of critical illness insurance, and there are many critical illness insurances on the market, some of which are consumer-based, some are guaranteed for life, and some can be paid multiple times. So, what are these types of critical illness insurance? How should consumers choose when buying insurance?

Whole Life Critical Illness Insurance: There are still many whole life critical illness insurance policies on the market that pay out life insurance. Many offline insurance products are like this, such as Taiping Fulu Kangrui, Ping An Fu, etc.;

Multi-Claim Critical Illness Insurance: Some companies will also develop multi-claim critical illness insurance. This type of product is paid once, and the second time can also be paid.

When it comes to multiple claims for critical illness insurance, common products will be divided into diseases, and each group can be compensated once, here is an example of Tianan Love Guardian 2019:

The product divides 106 critical illnesses into 6 groups, each containing several to dozens of diseases. As long as one condition in one group is covered, other illnesses in the entire group will also lose coverage.

There is another type of multi-claim critical illness insurance, that is, the illness is not grouped. In other words, nearly 100 diseases are not grouped, and after completing the claim, certain conditions can be met, and the rest of the diseases can still be paid.

Needless to say, multiple claims without grouping coverage is better than grouped critical illness insurance.

In summary, the choice of critical illness insurance is mainly related to financial ability. If you are financially able and want comprehensive coverage, you should choose non-grouped critical illness insurance. If the economic conditions do not allow, then you can choose consumption-based critical illness insurance or term critical illness insurance, the main purpose is to increase the sum insured with limited money, and there is no need to pay special attention to functions such as multiple claims.

Which is more cost-effective, term or lifetime?

Many people will be entangled in the fact that they don't know whether to protect critical illness insurance until the age of 70 or 80 or for life. In fact, you can look at the wallet, if you have money, you can guarantee it for life, and if you don't have money, you can guarantee it regularly. The first thing is to make a high sum insured.

Lifelong. AIA's critical illness insurance products are very good.

This depends on each person's situation. It depends on whether the family has longevity genes and a genetic history.

Generally speaking, it is guaranteed for life for 20 years.