Most critical illness insurance can only cover up to the age of 70, what should I do after the age o

The sooner you buy critical illness insurance, the better, so it is recommended to buy lifelong critical illness insurance first, or configure regular critical illness insurance first and then increase protection when the economy is abundant.

For the elderly over 70 years old, it is generally not recommended to buy critical illness insurance, and it is more recommended to buy cancer insurance to transfer the risk of cancer, and then configure other types of insurance.

Cancer insurance: Cancer insurance is a type of health insurance, which is a type of disease insurance that provides protection for cancer. Cancer can be divided into carcinoma in situ and malignancy depending on the severity. Different cancer insurance plans provide different benefits.

Although the coverage of cancer insurance is not as extensive as that of critical illness insurance, cancer is often the most common critical illness around us, so cancer insurance is also worth considering.

Because the elderly over 70 years old can buy very little insurance due to their age, it will be very expensive, and it is not as cost-effective as young people to buy insurance, and there are restrictions on the amount of insurance and underwriting, it is difficult to buy cost-effective products.

So what other insurance can you buy?

1. Accident insurance.

The elderly gradually degenerate and weaken, reduce their physical flexibility, and are prone to cause some accidents and injuries, such as bumps and falls, falls and fractures, etc., and the risk of medical expenses caused by accidents increases, and the probability of compensation is higher.

2. Medical insurance.

When people reach old age, they can hardly do without medicine, illness and hospitalization are very frequent, medical expenses have become a large expense for individuals and families, and in the case of reduced income after retirement, it is naturally best to be able to reimburse medical expenses to reduce the financial burden.

With the continuous change of the market, now the product update and iteration speed is very fast, and the insurance products are also constantly upgrading, the senior sister suggests that you can compare the current popular products according to your own budget and choose the most suitable product.

Most of the critical illness insurance can only be insured until the age of 70, and you can apply for cancer insurance after the age of 70, and the cancer insurance is more suitable for the elderly to be insured, because its health notice will be more relaxed than that of critical illness insurance, but its protection liability is only for cancer diseases, so the corresponding premium will be lower.

There are many critical illness insurances on the market that can protect you up to the age of 70, such as Guofu Life's Darwin No. 6 Critical Illness Insurance, Fosun United Mommy Baobei (New Version) Critical Illness Insurance for Children, and Ruitai Life's Happy Ankang 2021 Critical Illness Insurance, etc.

A comparison table of 136 popular critical illness insurances in China

Below, we take Guofu Life's Darwin No. 6 Critical Illness Insurance to briefly analyze which groups of people are suitable for critical illness insurance products that are protected up to the age of 70.

As can be seen from the protection chart, Darwin No. 6 Critical Illness Insurance not only has a flexible coverage period, but can choose to cover it up to the age of 70 or for life, and its coverage is still very rich.

In addition to the basic critical illness, moderate illness and mild illness benefits, Darwin No. 6 Critical Illness Insurance also provides a second critical illness benefit, a specific critical illness benefit, and additional benefits for malignant tumors.

With so many changes in appearance, the Sickness Coverage provides comprehensive protection for the insured, even if the insured is unfortunately sick, there is no need to worry about not having funds to pay for medical expenses.

If you are diagnosed with a specific critical illness for the first time before the age of 30, you will receive an additional 100% of the basic sum assured, which will not only cover the cost of your illness**, but also support your family's daily expenses, make up for loss of income, etc.

In addition to the above, Darwin No. 6 Critical Illness Insurance has a lot of content to analyze and analyze, and friends who want to know more can read the following article:

Darwin No. 6 Critical Illness Insurance: The King of New Value for Money? You should pay attention to these points before applying for insurance.

Finally, the insurance applicable to different age groups is different, and blind purchase may be a waste of money, see here for the specific insurance plan:

How to buy insurance for different age groups? Everyone should have their own plan

That's all there is to it, hope.

There is basically no critical illness insurance for people over the age of 70 who can be insured. Critical illness insurance is divided into one-year critical illness insurance and whole life critical illness insurance

1. One-year critical illness insurance: The insurance age is generally 0-60 years old, and the maximum age for insurance is 70 years old, so the elderly over 70 years old cannot buy one-year critical illness insurance.

2. The general insurance age of whole life critical illness insurance is generally 0-55 years old, and the maximum insurance age is only 60 years old, and the elderly over 70 years old cannot buy it.

1. Accident insurance: no health notice is required, and the elderly over 70 years old can also buy it, basically without too many restrictions, and the premium is not high. The elderly have inconvenient legs and feet, and the probability of fractures and accidental falls is very high, so the elderly over 70 years old can buy an accident insurance, which can be regarded as a basic protection.

2. Cancer insurance: The incidence of cancer begins to increase at the age of 40 and peaks at the age of 80. Elderly people over the age of 70 will have chronic diseases such as hypertension and arthritis to a greater or lesser extent, and it is basically difficult to pass the health notification of critical illness insurance.

Moreover, for the elderly in this age group, even if critical illness insurance can be bought, the premium paid may be as high as the sum insured, or even the premium will be inverted, so for most people over 70 years old, it is not realistic to buy critical illness insurance.

Cancer medical insurance and cancer prevention insurance generally have more relaxed insurance conditions, and the three highs can also be insured, which is more suitable for the elderly over 70 years old.

Whether the critical illness insurance policy is guaranteed for life or at the age of 70 needs to be decided based on the actual situation. In general, a lifelong critical illness insurance policy has a longer coverage period than a 70-year-old critical illness insurance policy. However, the rate of critical illness insurance for life is higher, if you have a sufficient budget, you can insure for life, and if you have a low budget, you can cover up to the age of 70 if you want a protection if you have a budget.

It depends on the individual's situation.

1. If you have a requirement for premium, you can choose to purchase regular critical illness insurance until the age of 70, and the premium is lower than that for life.

2. If you have requirements for insurance renewal, you can choose to purchase lifelong critical illness insurance, so that you don't have to worry about getting covered by advanced age after the insurance expires.

The maximum age of insurance in the market is usually 55-65 years old.

The earlier you buy critical illness insurance, the better, the age of the insured is related, the younger the age, the cheaper it is, and the more expensive it is. Moreover, many cancers have no symptoms in the early stage, and if they are not detected in time, the higher the cost will be in the later stage, and the rate will also be lower. At this time, it is very likely that the insurance company will refuse to insure, so if you buy critical illness insurance as soon as possible, you can enjoy the insurance protection as soon as possible, and even if you suffer from a critical illness, it will not cause too much loss to your family or individual.

It is necessary to buy. Critical illness insurance can pay insurance benefits in advance in the event of a serious illness to prevent family expenses during the period when you cannot go to work due to illness to prevent poverty due to illness, in addition to critical illness insurance, which can also be used with medical insurance to reimburse ** expenses. Not only is it life-saving money left for yourself after you unfortunately suffer from a serious illness, but once you are diagnosed with a serious illness, you can apply for insurance benefits during the insurance period.

Critical illness insurance is a health insurance product that pays insurance benefits when the insured suffers from the illness specified in the insurance contract, reaches the agreed illness state, or performs the agreed surgery during the insurance period.

It is recommended for life, regular critical illness insurance is cheap, but the coverage period is short. If you want to buy it after the warranty period, it may not meet the insurance requirements. What if you have a term critical illness insurance policy for under 70 and become seriously ill at age 71?

Lifelong critical illness can be insured for a lifetime and for a long time, and the incidence of advanced age is higher, but the premium under the same sum insured is usually higher than the premium of ordinary critical illness. Of course, how to choose critical illness insurance depends on your actual situation. Generally speaking, people with a limited budget are better suited to purchase term critical illness insurance, while lifetime critical illness insurance is a better option if the budget is sufficient.

Further Information: Things to Note When Applying for Critical Illness Insurance:

1.Honesty comes first. When applying for insurance, customers shall not conceal or falsely report their health status and age, and shall fulfill the obligation to truthfully inform.

2.Be clear about terms and conditions. Some consumers do not read the insurance details carefully when purchasing insurance, and may not be clear about the rights and obligations they should enjoy, which is easy to cause damage to their rights and interests.

Many insurance claim disputes arise because the policyholder does not understand the terms of the insurance in the first place. At the same time, it is also beneficial for customers to have reasonable expectations by reading the terms and conditions.

3.Keep your bills. All insurance-related documents such as insurance policies, insurance policies and illness-related tickets such as various certificates, medical records, invoices, etc., should be kept in a safe place. Insurance disputes arising from the loss of such bills are also common.

4.Mix it up. After all, the coverage of a single type of insurance is limited, so it is best to choose the best insurance package according to your actual situation, and the specific combination plan can be designed by the relevant insurance professional.

5.Insurance refers to the commercial insurance behavior in which the insured pays the insurance premium to the insurer in accordance with the contract, and the insurer bears the liability for compensation for the property loss caused by the accident agreed in the contract, or the insured is responsible for paying the insurance money when the insured dies, becomes disabled, becomes ill or reaches the age and time limit agreed in the contract. From an economic point of view, insurance is a financial arrangement to share the loss of an accident; From a legal point of view, insurance is a contractual act in which one party agrees to compensate the other party for losses; From a social perspective, insurance is an important part of the socio-economic security system, and from the perspective of risk management, insurance is a risk management method.

Whether to buy critical illness insurance until the age of 70 or for life depends on the situation, and the budget is sufficient: buy the one with lifelong protection; Lack of budget: Buy a cover such as critical illness insurance to protect the 70-year-old.

Increase the amount of critical illness insured: You can also buy insurance for those who are 70 years old. Disturbances

1. Critical illness insurance for 70 years

Relative advantages over lifetime critical illness insurance:

1) Higher leverage: Compared with lifetime, the premium is cheaper and the leverage ratio is higher;

2) Very flexible: Since the insurance is up to the age of 70, it can be increased in the amount of critical illness insurance, so it is also relatively flexible.

2. Critical illness insurance covers life

Relative to the advantage of 70-year-old Li Bo:

1) Ironclad compensation: insurance calculates probability, covering until the age of 70, which is equivalent to only calculating a large part of the probability problem, but if it is insured for life, it must be compensated;

2) There is insurance to insure in old age: At the age of 65, it is basically impossible to buy critical illness insurance, and if there is, there will be an inversion of critical illness insurance premiums, which is not cost-effective, so it feels more secure to have a lifelong protection.