The most suitable insurance for the elderly, and what insurance is suitable for the elderly

Hello, what are the types of old-age insurance? It has become a hot topic, and many children want to buy insurance for their parents and do their filial piety, but because they don't understand the old-age insurance, they don't dare to start.

In order to let the children dispel their worries as soon as possible and do their filial piety for their parents, the following dad will tell you about the knowledge of old-age insurance.

1. What are the old-age insurances?

1.Accident insurance

As mentioned earlier, the elderly face a great risk of accidents, and accidents often hit them more seriously, which is likely to cause a great degree of injury or even death.

Accident insurance covers death and disability caused by accidental injury, that is, the insured person dies or becomes disabled due to accidental injury during the insurance period, and the insurance company will pay the insurance benefits agreed in the contract.

2.Health insurance

Health insurance includes critical illness insurance and medical insurance, which can provide a certain degree of protection against illness.

Critical illness insurance covers the contracted illness, that is, if the insured unfortunately suffers from the contracted illness during the insurance period, the insurance company will pay the corresponding insurance benefit in a lump sum if the claim conditions are met.

The insurance money of critical illness insurance is generally used for the expenses and living expenses of the follow-up of the illness, and if the family has debts, you can also use this money to repay the debts, which can reduce the financial burden of the family to a large extent.

3.Pension insurance

As mentioned earlier, the elderly face a relatively large risk of old-age care, for the elderly, old-age insurance can make them have support, the old have something to rely on, is a good choice.

Pension insurance can receive the corresponding pension on a monthly and quarterly basis after the elderly retire or reach a certain age, which can ensure the quality of life of the elderly to a large extent.

Second, what problems should be paid attention to when buying old-age insurance?

1.Plan early

Insurance is generally bought earlier and cheaper. The premium of insurance is largely linked to age, the older you are, the more expensive it is to buy insurance, many insurance will limit the age of the policyholder, once you exceed the maximum insurance age, you will not be able to apply for insurance.

2.Choose the type of insurance reasonably and choose the type of insurance

In fact, for most seniors, it is enough to buy accident insurance and health insurance (health insurance can be bought).

The elderly generally do not need life insurance, because the main role of life insurance is to ensure that the quality of life of the family will not change much after the economic pillar falls.

3.Read the terms of the insurance policy

When choosing an old-age insurance, you must carefully read the content of the insurance terms. There are generally many restrictions on the elderly to buy insurance, and only after understanding the insurance terms can they know whether they can be insured, whether they are suitable for insurance, and avoid the consequences of being denied by the insurance company because they do not see the insurance terms.

3. Daddy's summary

As children, allocating insurance to parents can enhance their parents' ability to resist risks to a certain extent, and it is also a way to fulfill filial piety.

The above is the knowledge that Daddy wants to talk about old-age insurance, I believe that everyone can have a more comprehensive understanding of old-age insurance after reading it.

Due to the age of the elderly, and the physical condition is not the best, if you want to buy two types of health insurance, such as critical illness insurance or million medical insurance, which are strictly informed, it is likely that they do not meet the age range of the product or cannot pass the health notice of the insurance company, so it is recommended that the elderly buy cancer insurance to replace it.

Regarding how to buy insurance for the elderly, this most complete insurance strategy is recommended to be collected, in case the link is missing: what are the [elderly insurance] and what insurance is good for your parents, you all need to know.

1. Cancer insurance.

Cancer insurance is a kind of insurance that specifically protects malignant tumors, that is, it focuses on cancer with a high incidence of diseases. Moreover, compared with critical illness insurance and million medical insurance, the characteristics of cancer prevention insurance include a wide range of insurance ages, relaxed occupational requirements, low health notification requirements, and cheap premiums, so for the elderly who are not in good physical condition, it is very suitable to buy a cancer insurance to do health protection, even if they have "three highs" such as hypertension, hyperlipidemia, and high blood sugar, or people who have coronary heart disease and diabetes, cancer insurance can also be underwritten.

How to buy cancer insurance to be cost-effective? This dry article helps you make it clearer, hurry up and open it to see: what is cancer insurance, how to buy, which is good, comprehensive analysis, comparative evaluation.

2. Accident insurance.

For older people, the risk of accidental injuries in their daily lives is much higher than in other age groups (e.g., accidents such as slipping and breaking a bone in a shower, falling while walking and disabling). Once an accident occurs to the elderly, it will not only increase the payment pressure of basic medical insurance (social insurance expenses), but also increase the financial burden of the elderly and their families (self-payment and social security personal expenses), then there is an accident insurance with accidental medical insurance can play a role in reimbursement.

The most important thing is that the health notice of most accident insurance on the market is very relaxed, as long as the insurance conditions are met, the elderly can buy whichever one they want.

So, what are the accident insurances suitable for the elderly, please look at this list: in 2022, the most worthwhile accident insurance is here.

1.Medical insurance.

Once the elderly are old, they are easily attacked by diseases, and it is very common for them to be hospitalized when they are sick, so it is very important to buy a medical insurance for the elderly.

Medical insurance can reimburse the cost of hospitalization** for the elderly, saving families a lot of money.

At present, the medical insurance on the market has a one-year insurance, and it is also renewed, and the price is relatively cheap, but there are certain restrictions on age, and the maximum insurance age is generally around 60 years old, so it is recommended to buy a medical insurance for the elderly at home as soon as possible.

2.Accident insurance

Accident insurance covers sudden, external, non-sick and unintended accidents, generally including accidental death, accidental dismemberment and accidental medical treatment.

No one can guarantee that accidents will not happen to themselves, not to mention that the elderly are a high-incidence group of accidents, and the consequences of accidents for the elderly are more serious, in order to resist the risk of accidents for the elderly, it is necessary to buy an accident insurance for the elderly.

The accident insurance list has been prepared for you, and you can poke it with your little hands "Freshly Baked: 2020 Accident Insurance Ranking, there is always one for you!" 》

3.Cancer insurance.

Due to the older age of the elderly, the body will more or less have some health problems, and the underwriting of critical illness insurance is relatively strict, so it is difficult for the elderly to buy critical illness insurance (as much as possible), cancer insurance, as a better alternative to critical illness insurance, can be said to be a product designed for the elderly.

If the elderly cannot buy critical illness insurance, they should buy a cancer insurance policy.

Daddy reminds that the elderly are generally not suitable for buying life insurance, because the elderly do not bear the main responsibility of the family, and the elderly are very expensive to buy life insurance premiums due to their age, and the leverage ratio is very low, which is really not cost-effective.

The elderly are a vulnerable group in society, and they are more likely to get sick than other groups, so it is indeed very important to seek more comprehensive health protection through commercial medical insurance when the country's social medical security system is not perfect. Deng Yonghong believes that with the increase of age, the health risk of the elderly will accelerate, and the premium will inevitably become higher and higher. It is wise to take precautions and purchase the right health insurance for the elderly as early as possible.

In the interview, the reporter found that although many families want to apply for health insurance for the elderly, many insurance products on the market are either too high in premium or the health status of the elderly is not suitable, and the so-called tailor-made is just a cover to attract attention.

An industry insider told reporters that the most worrying thing for the elderly to apply for health insurance is the review and evaluation of health status, especially for the elderly who have just been discharged from the hospital for less than three months, there is almost no insurance to buy, and they can only buy it after three months of discharge, and the premium will increase a lot.

Industry insiders told reporters that at present, there are fewer insurance products that the elderly can buy in the insurance market, because the elderly are a high-risk group of diseases and accidents, and the risk is higher. According to the current situation, the insurance company will not accept it if it is not within the age range specified in the terms of the policy. Moreover, the premium for the elderly is relatively high, and the policyholder finds it difficult to accept.

All things considered, accident insurance is preferred.

Buying insurance for the elderly is different from buying insurance for young people, accident insurance has the characteristics of low premiums and high protection, and the elderly buy accident insurance before the age of 65, the premium does not need to be overpaid, and the protection is the same. Deng Yonghong reminded that the probability of accidental injury is higher than that of other age groups, so the elderly should take accident insurance as the first choice for insurance.

Second, you should consider purchasing hospital medical insurance or comprehensive medical insurance. As the probability of illness increases in old age, it is important to purchase health insurance. However, in the current insurance market, the younger the person who pays the lower the premium and the higher the sum insured, while the older the person, the more premium he pays, the lower the sum insured.

In some insurance plans, due to the age of the policyholder, there will be an "inversion" between the premium and the sum insured, that is, the premium paid may exceed the sum insured, especially for critical illness insurance. Based on these circumstances, for the vast majority of the elderly, it is not cost-effective to buy "critical illness insurance", and it is more appropriate to buy hospitalization medical insurance or comprehensive medical insurance.

Another insurer believes that health insurance should pay attention to the "guaranteed renewal" clause. Because the elderly are more likely to fall ill again, if there is a "guaranteed renewal" clause in the insurance contract, the insurance company loses the right to underwrite the insured.

If the elderly are not in good physical condition, they can't buy critical illness insurance or the cost performance of buying critical illness insurance is not too high, they can also consider replacing critical illness insurance with cancer prevention insurance.

The elderly should give priority to urban medical insurance or rural medical insurance when buying insurance, and there is no requirement for the health status of the insured, with low premiums, complete protection, and no underwriting is required. In addition, if you need to supplement commercial insurance, you can choose cancer insurance for the elderly, accident insurance for the elderly, etc., but the premium will be higher because the risk underwritten by the insurance company is also relatively large.

Due to the older age, the health conditions of the elderly are generally not as good as those of young people, and their insurance for commercial insurance will also be subject to certain restrictions, and the insurance for the elderly is recommended to be configured with medical insurance, accident insurance, and cancer insurance.

1. Medical insurance.

Medical expenses are a lot of expenses for the elderly, commercial medical insurance can make up for the lack of medical insurance, so that minor illnesses spend less money, major illnesses are not bad money, and reduce the economic losses of the family. However, medical insurance has regulations on the age of the policyholder, and if the elderly are still under the age of 65 and in good physical condition, the million-dollar medical insurance on the market is a good choice. And there is no longer an age requirement for later renewals.

If the elderly are more than 65 years old, then the medical insurance that can be purchased will be reduced, and the coverage content will be reduced accordingly, which is not cost-effective, and it is actually not suitable for families with a small budget.

2. Accident insurance.

The body of the elderly is not as good as it was back then, it is easier to fall and be injured, and the probability of traffic accidents for the elderly is also greater, because the physical function of the elderly declines, and they may react more slowly on the road. Now the market is launched very.

3. Cancer insurance.

Basically, it is difficult for the elderly to buy critical illness insurance, and even if they can buy it, they can only buy expensive premiums, and the cost performance will be very low. In such a situation, in fact, it is actually very good to choose cancer insurance to protect the elderly, because cancer insurance has relatively loose restrictions on the age and physical conditions of the elderly. The chance of cancer will increase in the elderly group, and the cost of cancer is relatively high, if the elderly buy cancer insurance, they can get a claim after unfortunately suffering from cancer, and ease the financial burden of family members.

Test your anti-risk index, experts will interpret it for you for free!

Hello! Elderly people are suitable for medical insurance and accident insurance, and if you still have a certain budget, you can also consider cancer insurance.

If you want to know which product is suitable for parents to buy, or want to customize an insurance plan for parents, you can click below to make an appointment for [1-to-1 Insurance Planning Service], and Deep Blue Insurance will provide you with professional advice.

Medical insurance. Most elderly people will have some physical problems, such as high blood pressure, diabetes, etc.

For seniors with chronic medical conditions, cancer medical insurance may be considered, but only for cancer-related medical expenses.

If the parents are in good health, then you can consider the million-dollar medical insurance, which can also cover other diseases besides cancer.

Accident insuranceFor the elderly, the regression of various body functions, and some bumps, fractures and other situations are very likely to occur in daily life, so an elderly accident insurance is very necessary for the elderly.

The health notice of accident insurance for the elderly is relaxed, cheap, the insurance leverage is high, and the upper age limit of the insurance is high.

Cancer insurance. For the elderly who are not in good health, if they have a certain budget after having accident insurance and medical insurance, they can consider cancer insurance.

If you have cancer, you can pay for it, for example, if you buy 100,000 yuan, you can pay 100,000 yuan, and ** it will be 30% -40% cheaper than major illness insurance.

In short, to buy insurance for the elderly, we need to pay special attention to the age and physical health of the elderly, carefully and carefully inform the health, and choose the right products.