I would like to ask whether it is more cost effective to buy insurance for children for 20 years or

Hello, the insurance coverage period for children should not be too long, because children are in the growth stage, the risks faced at each stage are different, buy insurance should be based on the needs to buy the right insurance, I hope mine can help you!

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What insurance should I buy for my child?

This problem has always been a problem that stumped tens of millions of parents, so let's sort out the methods and ideas for buying insurance for children! Follow these three points:

First, you must apply for the country's medical insurance!

Neonatal medical insurance (medical insurance for urban and rural residents) is the basic national insurance, and the child should be handled immediately as soon as he is born, whether it is a major illness or a minor illness, the basic medical insurance is particularly important, which is why medical insurance is called the first type of national insurance.

Second, in addition to the national medical insurance, some necessary commercial insurance should also be considered, and critical illness insurance + medical insurance + accident insurance is preferred.

First of all, critical illness insurance, which provides a relatively long period of protection. Secondly, critical illness insurance is paid directly in cash after getting sick, in addition to solving the best expenses, it can also solve many hidden problems caused by illness, such as taking care of sick children, and the economic losses brought to the family, which require a lot of cash to make up. Buying a pure protection critical illness insurance policy can be used to solve these problems.

In addition, medical insurance can be used to reimburse the medical expenses of children's usual medical treatment, for example, with a 0 deductible hospitalization medical insurance, with an annual premium of one or two hundred yuan, you can buy an insurance amount of 10,000 yuan, which is very cost-effective.

Finally, it is necessary to configure an accident insurance, the child's accident insurance is particularly cheap, 200,000 yuan per year is only sixty or seventy yuan, which can protect the child's accidental death, accidental disability and accidental medical liability, which is very cost-effective.

Third, is there any insurance that I should not buy for my child?

Don't buy life insurance for your children, and try not to choose critical illness insurance with both. I know the specific reasons in this articleHow to buy child insurance without being cheated? You'll know when you see it!

There is a detailed introduction in it, and because it is written in detail, I will not introduce it here.

According to the above insurance ideas, if you are configuring regular insurance for your child, you can configure it for about 1,000 yuan per year, and if you buy lifelong protection, it is only two or three thousand per year, which is not expensive and very useful.

That's all for me"I would like to ask whether it is more cost-effective to buy insurance for children for 20 years or for life"All of them, I hope it helps you! Hope!

Different insurance plans have different advantages and disadvantages, and you need to choose the right insurance for yourself according to your own situation.

Paying for one year is a short-term insurance, and the kind that is fifteen or twenty years is a long-term insurance

1. Short-term insurance.

Short-term insurance refers to the insurance with an insurance period of 1 year or less specified in the insurance contract, which is also known as general insurance in the world. In commercial insurance, most insurances other than life insurance are generally short-term insurance.

Advantages: Short-term insurance has low cost, high coverage, and free choice, and the policyholder can freely choose the insurance period, usually ranging from 3 days to 1 year. Moreover, this type of insurance also contains more comprehensive content, such as enterprise property insurance, motor vehicle insurance, aviation insurance, student level insurance, serious illness hospitalization insurance, etc.

Disadvantages: For example, medical insurance must be underwritten every time it is renewed, which is more troublesome in the procedure. If there are some physical problems, it may not be possible to renew, and it may be difficult to even switch to other insurance.

2. Long-term insurance.

Long-term insurance is the symmetry of "short-term insurance". Refers to insurance with a term of more than 1 year. The term of the insurance contract concluded between the policyholder and the insurer is generally based on one year, and those exceeding one year are called long-term insurance.

Advantages: The concept of long-term insurance is characterized by relativity, variability and flexibility. The biggest advantage of long-term insurance is that it is easy to renew and stable. Once you have purchased a long-term policy, it will not be a problem to renew the policy even if you unfortunately suffer from an illness during the coverage period.

Both long-term and short-term insurance have their own advantages, and which one to buy depends on the type of insurance, and different types of insurance have different purchase options.

3. What is suitable for long-term insurance and what is suitable for short-term insurance.

Insurances such as life insurance and critical illness insurance are more suitable for long-term insurance, while million-dollar medical insurance and accident insurance are more suitable for short-term insurance.

You can choose the type of insurance you want to buy according to the type of insurance you want to buy and your own situation, and it is best to choose the right insurance for you.

Look at the needs and look at the products.

I bought it for myself.

Critical illness will be paid for 30 years for life.

Accident pay for 30 years and protect 70 years old.

Medical care is to buy one year and insure one year.

My dad is old. He can only buy medical treatment.

Pay one year for one year, this is consumer insurance, generally medical insurance, accident insurance, a few critical illness insurance also have consumer insurance.

If you pay for ten or twenty years, it is generally critical illness insurance, life insurance, and financial insurance.

These are two different types of insurance.

This needs to be decided according to everyone's actual insurance needs and the type of insurance insured.

If you want to buy insurance for your children with savings and financial management functions, then you need to look at your specific financial plan, whether it is long-term or short-term. If you want to buy protection insurance for your children, such as critical illness insurance, then the senior sister recommends giving priority to products that protect life.

In addition, the senior sister has not yet found the must-see insurance guide for parents, so don't miss it: In-depth article - how to buy insurance for your child? Netizens shouted directly: Why do you only see it now.

The first purpose of buying insurance is to go to protection, so the priority should be to protect for life, because the risk is accompanied for life, and the insurance that returns money in 20 years will either return the money and the protection will be gone, or the money will be returned, and the protection will be reduced, which is contrary to the original intention of protection, so it is recommended to give priority to lifelong insurance.

In addition, there will be some disadvantages of return-based insurance, such as critical illness insurance.

Example: <>

Return-back insurance** is expensive

The reason why the return insurance can promise to return the money at maturity is because the money is originally given by you.

Let's give an example to compare:

One is the more recommended consumer-based critical illness - Darwin.

Number 5 Glory Edition.

One is a certain return-type insurance.

It is also 500,000 sum insured.

Pay for 30 years, Darwin No. 5 Glory Edition is guaranteed for life, and pay 5,740 yuan per year.

Return-type critical illness insurance is insured until the age of 80, and the annual payment is 11,150 yuan.

The annual difference is 5,410 yuan, which is 162,300 yuan for 30 years, and if a family of three buys it, it is 486,900 yuan.

And the protection, this return type is not as good as the glory version, there is no mild to moderate disease, no additional compensation, and the protection period is short.

The amount returned is not high

The Glory Edition is not returned, but it has the money that is underpaid, which can be used to invest.

So the following situation arises:

Return the big slippery critical illness insurance, and you can get all the money paid 334,500 yuan by the age of 70.

And the money paid less by the glory version, as long as the ruler has a compound interest income, it can exceed 334,500 yuan.

And compound interest, you can buy annuity insurance.

and incremental whole life insurance.

Realization, friends who know how to invest, you can also choose ****, and the income may be higher.

After the accident, it was not returned

Critical illness insurance cannot be combined with the death benefit. If you lose money for critical illness, you can't pay for death, and if you lose death, you won't pay for critical illness.

The same is true for partial return-based insurance, if you unfortunately suffer from critical illness before the agreed return time, you will not be able to return the money, and compared with consumer-based critical illness insurance, the extra part of the money will not be refunded, that is, you have paid so much money in vain.

If you're lucky enough to make it to the time to get the money, don't be happy, because after the money is given to you, the contract is terminated, that is, the guarantee is gone.

It was about seventy or eighty years, and it was the time when the disease was high. Without security, it's just you who suffers.

It is better for children to buy insurance for life or return money in 20 years, mainly depending on the financial needs, if you are more pursuing long-term benefits, it is best to buy insurance that protects life; If you have a short- to medium-term financial plan, it is suitable for you to choose an insurance that covers 20 years and returns money at maturity.

If the subject wants to insure the child with a protection insurance such as critical illness insurance, it is best to buy a lifelong insurance, after all, the risk of illness is lifelong.

The insurance that can achieve wealth appreciation mainly includes increased whole life insurance, comprehensive insurance, etc., and next, the senior sister explained them one by one.

First of all, incremental whole life insurance refers to life insurance that protects the whole life and the sum insured will increase year by year, and the protection content is mainly death.

Some people may wonder, "Do children need to be protected from death without having to take on the responsibilities of the family?" ”

In fact, more prominent than the protection function, the increased whole life insurance is the wealth management function, and its cash value will continue to rise.

In the later stage, the amount of cash value is higher, and consumers can withdraw the cash value through policy reduction or surrender to obtain income.

Then, the senior sister will talk about the two risks.

Both insurance is also called life and death insurance, and the basic protection content is death insurance and maturity insurance.

In the unfortunate event of the death of the insured during the benefit period, the insurance company will pay the death benefit to the beneficiary.

On the other hand, if the insured survives to the end of the insurance period, the insurance company will pay a sum of money as a maturity insurance payment, that is, the money will be returned at maturity.

If you are tempted by both insurance, don't rush to insure, you might as well read this article first: about both insurance, the salesman will definitely not tell you!

Which one is not good to pretend to be celery? But in comparison, it's still 20 years to get back the money. Anyway, I think it's good for you to calculate the hall. Even if it's 20 years to get money back. Money to be paid back after 20 years. Is it still worth the money? It has long been devalued.

The education fund for children is very similar to what you said, that is, financial annuity insurance. Friends who don't know what annuity insurance is, you can click here to understand:The five major functions of annuity insurance, don't say I didn't tell you!

1. Characteristics of education funds

1. Stable income

One of the biggest advantages of the education fund is that the income is stable, no matter how the market environment changes, it will not become during its guarantee period, which is very suitable for groups who pursue stability.

2. Forced savings

If you don't have a lot of money in the early stage and you don't have any debts, you can use the compulsory savings of the education fund and save a sum of money every year, you can guarantee the education expenses of your children.

3. Special funds are used to diversify risks

The education fund can be earmarked to solve the rigid demand for education expenses.

When the child needs education cost support, we don't need to consider whether the housing price is high or low, whether it is up or down, and if there is an education fund, the child's education cost will be guaranteed.

2. Summary

Education as a rigid expenditure of a family, certainly not to take too much risk, if at the same time in the guarantee, there is still a certain room for growth, that is the best.

Consider your family's risk tolerance before formulating a plan and choosing the right education fund product.

Hope! <>

The problem should be to consult how to choose a protection product such as buying critical illness insurance for your child?

My advice to you is to first look at the adequacy of the parents' own protection.

In the family, the order of insurance consideration is always the adults before the children. At least the adult's income is still at risk for children, and the problem of reducing family income** due to the risk of adults is much greater.

On the premise that the protection of parents is sufficient. When considering insurance for your child, you mainly look at your budget. If the budget is sufficient, lifelong products are a good choice, and if the budget is not sufficient, it is recommended to choose regular consumer bright core products.

Don't choose the one who reverses money for 20 years, generally speaking, the premium is more pitted. If a 0-year-old child pays for 20 years, the critical illness insurance of 500,000 yuan for 30 years is enough, 600-800 a year. Lifetime products: 30 years of payment and lifelong protection, 500,000 insurance amount, generally 3000-4000 is enough.

The return critical illness of a certain security for 15 years and 30 years of protection is more than 8,000 a year, and 150% of the premium will be refunded at maturity. There is no point in making such premiums too expensive.

If you really want to save an education fund for your child, it is better to choose special insurance or increase the whole life first, plus the policyholder is exempted, pure protection + increased whole life is more cost-effective than the return critical illness insurance in most cases. Because there are basically no cost-effective products for regular return critical illness.

In the end, 20 years refers to the duration of the insurance, and the longer the coverage period, the higher the premium.

If the premium budget is high, you can buy a lifelong protection.

For the return or consumption, it also depends on your premium budget.

It is better for children to buy insurance for life or return money in 20 years, depending on the child's own protection needs, after all, a product that meets the child's protection needs can be regarded as a good product. However, the senior sister recommends that when buying insurance for children, such as critical illness insurance, it is best to buy a lifetime insurance.

In-depth article - How to buy insurance for children? Netizens shouted: Why did you only see it now.

So in the next time, the senior sister will take critical illness insurance as an example to introduce to you, whether you should buy "lifelong critical illness insurance" for your child or "return-type critical illness insurance"? Don't talk nonsense, go straight to the dry goods!

1.Whole Life Critical Illness Insurance.

Whole life critical illness insurance is to enjoy protection until the death of the insured, during the insurance period, even if the insured does not suffer from the critical illness agreed in the contract, but when the insured dies, the insurance company will pay the death benefit according to the amount agreed in the previous contract (provided that the death benefit is included).

Moreover, the older you are, the higher the chance of getting sick, and we can't know where your child will get sick, so it will be more reassuring to choose lifelong protection for your child.

In addition, for the same critical illness insurance product, with the same protection, sum insured, payment time and protection time, it is much cheaper for children than for adults. And once the insurance contract is signed, the annual premium is also fixed and will not increase with the age of the child (except for single payment).

Once a child suffers from a critical illness, it will be a long-term battle, and critical illness insurance can alleviate the financial pressure on the family to a certain extent.

So what are the children's critical illness insurance on the market that is worth insuring for your child? Senior sister will tell you in one article:

Top 10 ultra-cost-effective children's critical illness insurance, don't miss this treasure guide!

2.Returnable critical illness insurance.

Compared with the savings critical illness insurance and consumption-based critical illness insurance that we usually come into contact with, the premium of return-based critical illness insurance is more expensive than that of savings critical illness insurance and consumption-based critical illness insurance.

Although everyone will be moved to hear that a claim can be refunded before the expiration of the return-type critical illness insurance, the senior sister does not recommend everyone to buy it.

Because the premium of return-type critical illness insurance is very high, and the protection is relatively basic, many return-type critical illness insurance can be protected, and other ** lower critical illness insurance can also be protected, or even more protection, and the return-type critical illness insurance is just one more maturity return than other critical illness insurance.

If you are sick and you are cured, you will be returned if you are not sick, and the return-type critical illness insurance that everyone loves to buy is so pitted!