Suitable for critical illness insurance over 55 years old, is it suitable to buy critical illness in

Seniors over the age of 55 are generally advised to purchase accident insurance or cancer insurance, and critical illness insurance is generally not recommended.

Under the new regulations, we have evaluated more than 1,000 critical illness insurance products and selected the best 10 critical illness insurance products on the market. New Definition of Critical Illness Rankings Announced! The first place turned out to be it!

However, each insurance company has a different ability to afford risk, so there are strict age restrictions. Especially for the elderly, due to multiple factors such as old age and deterioration of physical fitness, the likelihood of them suffering from serious illness will increase exponentially. Therefore, most insurance companies limit the age limit of critical illness insurance products to around 50 to 55 years old.

It is difficult for seniors over this age to buy a satisfactory critical illness insurance product in the market.

If you insist on taking out the insurance, it is likely to cause the insurance company to refuse to cover or increase the cost of underwriting, and sometimes even if it can be underwritten, then there may be a phenomenon of "premium inversion". In this way, not only is the premium expensive, but also too risky.

For the healthier elderly, you can choose a suitable accident insurance. The elderly should pay attention to the protection of interests when purchasing accident insurance, and the general accident insurance mainly contracts accidental death, disability, and accidental medical treatment. If you want to get more protection, you can buy an insurance product that covers accidental hospitalization, and you will be given a certain daily allowance during the hospitalization.

At the same time, it is also necessary to consider whether the insurance company will cover the accidents that are more common in the elderly, such as fractures. The protection period of accident insurance is generally 1 year, and the short-term one is also a few days, and the elderly generally buy a one-year period is more affordable.

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Xueba talks about insurance, focusing on insurance evaluation! The older you are, the more expensive it is to buy critical illness insurance, the more limited the types you can choose from, here I have compiled a list of critical illness insurance suitable for people over 55 years old:【Over 45 years old】Top 10 popular critical illness insurance points worth buying!

In fact, as long as you look at the protection content of several critical illness insurance products, it is not difficult to find that most of the critical illness insurance on the market is limited to 55 years old, and some are even limited to 50 years old, why is there such an age limit? Let's take a look at the following picture:

From the information on the graph, we can see that after the age of 50, the incidence rate of men and women is higher than that of women, and the overall upward trend is very fast. In this way, starting from the age of 50, the probability of suffering from critical illness after the age of 50 is much higher than that before the age of 50, the risk of critical illness claims borne by insurance companies is greater, the premiums charged will naturally increase, and there will be requirements for age.

In fact, it is not cost-effective to buy critical illness insurance for the age of 55, and it is the easiest thing to doPremiums are upside downIn other words, all the premiums paid add up to more than the amount of compensation that can be paid. For the elderly, the older they are, the worse their physical condition will be, and critical illness insurance must be informed of their health, and the probability of passing is much smaller than that of young people.

It is recommended to buy it for the elderlyAccident and medical insurance

First of all, the accident insurance has high leverage, and a premium of a few hundred yuan can get millions of death benefits, the protection period is one year, and the policy can take effect about a week after it is issued. Most accident insurance does not require health notice, as long as the natural person can live and work normally, it can be purchased.

Accident insurance worth buying in 2020!

Medical insurance is a type of insurance that has a low premium, a high sum insured, and can reimburse millions of medical expenses. For the elderly, in case of a serious illness in their lifetime, the general cost is relatively high, at this time, you can use millions of medical insurance to reimburse, the general insurance amount is three million, and the higher one has a limit of six million, which is completely sufficient.

Here are some of the recommended million-dollar medical insurance for people over the age of 55:

Millions of medical insurance plans worth buying for people over the age of 55

Generally speaking, it is difficult for people over the age of 55 to buy critical illness insurance, and even if there is, there are very few products to choose from, and the rate is relatively high, so it is easy to invert the protection compared with the premium to be paid, so people over the age of 55 are not suitable for the configuration of critical illness insurance.

If your parents are 60 years old, it is recommended to choose cancer insurance that can be bought by 75-year-olds.

Cancer insurance covers the most common part of the critical illness insurance for cancer. Cancer insurance has a wide range of age options, and the health notification requirements are not as stringent as critical illness insurance. People with high blood pressure, diabetes, etc. can also apply for insurance.

To a certain extent, it can meet the desire of the elderly who are unable to pay the premiums of critical illness insurance and are turned away due to physical reasons.

Current cancer insurance products:

There are those that can be paid in a fixed amount similar to critical illness insurance, and there are also those that can be reimbursed; There are those that provide regular protection, and there are those that provide lifelong protection; There are those that only provide protection for malignant tumors, and there are those that can provide protection even for carcinoma in situ; When you choose, you should choose according to your needs and focus on it.

50 years old is an awkward age in the insurance industry.

For insurance companies, it is a high-risk group, and many people will have to pay compensation after three or five years of purchase, so the underwriting of health insurance and life insurance is stricter when buying health insurance and life insurance at this age.

For customers, the insurance process is relatively cumbersome, at this age, to buy medical insurance, to have a physical examination, to buy critical illness insurance, the amount of insurance and the premium is the same or even to start upside down, if there is a little past medical history, but also to submit medical records to review, busy for several days, and finally rejected insurance, additional underwriting or exemption from liability.

As we age, the risk increases, so does the leverage that insurance provides.

But it's not that it's inappropriate, as mentioned above, if the payment period is needed, doesn't it feel appropriate?

Insurance is just a tool to deal with future risks, and how to use it is good to configure it according to the current situation of the family.

Since you're asking about critical illness insurance, let's take critical illness insurance as an example.

Male 50 years old, the sum insured is 300,000, the premium is about 20,000 per year, and it is paid in 15 years.

If the insured is diagnosed with a minor illness as agreed in the contract for the first time during the payment period (3 years, 5 years, 10 years, etc.), the beneficiary will receive a minor illness payment, and the contract will continue to be valid and the subsequent premium will be waived.

Of course! But after the age of 45, it will become more and more expensive to buy critical illness insurance. When your child is taking out critical illness insurance for their parents, don't buy a full range of critical illness insurance because it's not cost-effective.

You can purchase some critical illness insurance for cancer, and the ratio of the premium sum insured is generally 1:2 or 1:, and it is recommended to add the policyholder to exempt from liability.

For example, we have customized the following protection plan for 56-year-old Mr. Wang: Since people over 50 years old are a vulnerable group, they are more likely to suffer from accidents such as illness and falls. Therefore, priority is given to cancer prevention medical insurance and accident insurance.

The annual premium is not expensive, as long as 1235 yuan a year, it can protect the diseases and accidents of the elderly, which is cost-effective and comprehensive. Insurance planning needs to comprehensively consider each person's situation and individual needs, pay attention to me, and provide you with a customized personalized protection plan for free.

If you are afraid of being cheated and expensive when you buy insurance, it is recommended that you take a look at this first: avoid pits! 90% of the problems that people will encounter when buying insurance are related to them

The age of 50 is the best time to buy critical illness insurance.

If you are over 50 years old and under 65 years old, you can still buy health insurance as long as you are in good health.

Commercial medical insurance that can protect general diseases, such as million-dollar medical insurance, is naturally worth buying.

Illness insurance, among which critical illness insurance, can buy the sum insured is not high, but the premium is not low, so it is not worth buying. However, cancer insurance, as well as other special diseases for the elderly (such as covering Parkinson's disease, stroke, Alzheimer's disease, etc.), can still be bought, and the amount of insurance that can be purchased is higher than that of critical illness insurance, and the premium is also lower.

However, if there are some abnormal conditions in the body, such as the three highs, then the medical insurance that can protect general diseases is basically out of the way. We can only consider cancer prevention medical insurance, and use cancer medical expense reimbursement to reduce the pressure of cancer expensesIt is also difficult to buy general special disease insurance for the elderly, so you can only buy cancer insurance, and use a one-time sum insured to protect the recuperation expenses (including long-term medication) after cancer**.

If the abnormality is too severe, such as cancer in recent years. Then, health insurance is really not available.

Therefore, it is necessary for people who have just turned 50 to buy health insurance. 50 years old is not the threshold for not being able to buy health insurance, but physical condition. After all, it is rare to be over 50 years old and be able to buy health insurance smoothly in your physical condition.

The critical illness insurance that can be bought at the age of 55 includes: Pacific Jinfu Family Carnival, PICC Worry-Free Life Supreme (Excellence Edition), and Ruihua Health Jiruibao.

1. The highest insurance age of Guess Pacific Jinfu Family Carnival is 60 years old, and it can be purchased at the age of 55, and the coverage includes 120 kinds of critical illness compensation 1 time, according to 100% of the sum insured, 60 kinds of minor illnesses 5 times, each time according to 20% of the sum insured, and 20 kinds of long-term critical illnesses pay an additional 100% of the sum insured.

2. PICC Worry-Free Life Supreme (Excellence Edition) protection content** Mild, medium and severe illness protection, critical illness is divided into 6 groups to pay 6 times, with an interval of 180 days, and multiple claims for mild illness, but the amount is only 20%, and the compensation for moderate illness is once. However, there is an additional benefit for special diseases in the elderly, and it comes with a critical illness hospitalization allowance.

3. Ruihua Health's Jirui Insurance, the maximum insurance age is 60 years old, this product is a pure critical illness insurance with a single claim of Sui Rentfeng, which protects critical illness and death, and can be supplemented with mild and moderate illness protection and exemption of the insured.

Whether you can buy critical illness insurance at the age of 55 depends on the actual situation:

1.Looking at the age requirement, the upper age requirement for some critical illness insurance is 50 years old, which means that people aged 55 can no longer apply for this critical illness insurance. However, some critical illness insurance requires an upper age limit of 60 years old, which means that people who are 55 years old can still buy it.

Therefore, if you meet the age requirement for critical illness insurance, then you can consider purchasing it;

2.Looking at the health situation, 55-year-old people may have some problems in good health, so they may not be able to pass the health notice, if they can't pass the health notice, in fact, they can no longer buy the critical illness insurance, you can consider looking at other health notices are not so strict critical illness insurance;

3.Looking at the premium situation, 55-year-old people can try to calculate the premium when applying for critical illness insurance, and if there is a situation where the premium of the old bureau is upside down, then it is recommended not to buy it.

1.Darwin No. 6 Critical Illness Insurance, which is limited to people between the ages of 18 and 65;

2.Joy Guarantee Critical Illness Insurance, which is limited to people between the ages of 28 days and 65 years old;

3.Kunpeng No. 1 Critical Illness Insurance - Ruyi Beijia Balance Guard, limited to people between the ages of 18 and 70; Hypothetical model.

4.Great Wall Life Great Wall Fortune (Exclusive) Critical Illness Insurance, which is limited to people aged 16 to 70;

5.Great Wall Jikang Love Critical Illness Insurance Product Plan is limited to people aged 16 to 70.

If people aged 50 and above want to purchase critical illness insurance, due to their age, they may be subject to many restrictions when applying for insurance, and the most important restrictions are probably the following:

Age limit. Age limit is the most common, most insurance companies on the market will have an age limit, and only a few insurance products will relax the age requirement for policyholding. Therefore, buying insurance for elderly parents should be planned early and purchased as early as possible.

Limit on Sum Assured. When the elderly are insured, not only the age is limited, but the amount of insurance will also be limited, and the insurance amount will not be too high, and the protection will be relatively weak.

Health Notice. As people get older, people will more or less have diseases such as high blood pressure and hyperlipidemia, and when buying health insurance, life insurance and other products, it is necessary to truthfully inform the insurance company of the insured's physical condition. If a health problem has already occurred, the insurance company may increase the cost of coverage or even deny coverage.

Premiums are higher. If you are over 50 years old, the premium will be relatively high, and it is even possible that the total premium will exceed the sum insured, resulting in an inverted premium.

To sum up, there are already many restrictions on buying critical illness insurance at the age of 50, so the sooner you buy insurance, the better, so as not to miss the best time.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"