How do I buy insurance for my parents? Save at least half of your money after reading it!

Buying insurance is not a kind of **, it is reliable. Next, the senior sister will talk to you about it. Before we begin, you can take a look at this article: Is it reliable to buy insurance? Will the insurance company be a rogue and refuse to pay?

1. The insurance product itself is reliable.

Insurance is a paper contract, and what to insure and how much to pay are clearly written in the insurance clauses, and there is legal responsibility. Moreover, insurance products are subject to filing and are strictly supervised by the China Banking and Insurance Regulatory Commission. So, the insurance product itself is reliable.

2. The insurance company is reliable.

Insurance companies in our country are also often reliable. Because in China, the threshold for the establishment of insurance companies is relatively high, and they must be strictly approved by the China Banking and Insurance Regulatory Commission before they can open.

Moreover, the China Banking and Insurance Regulatory Commission will also strictly supervise insurance companies at all times. For example, in terms of solvency supervision, the China Banking and Insurance Regulatory Commission stipulates that the core solvency adequacy ratio of insurance companies should not be less than 50%, the comprehensive solvency adequacy ratio should not be less than 100%, and the comprehensive risk rating should be B or above. Only insurance companies that meet all three of the above conditions are eligible for the regulatory requirements.

Also, if the insurance company really doesn't do well and goes out of business. The regulator will also have corresponding fallback measures, and the legal effect of everyone's insurance policy still exists.

So, don't worry, buying insurance is not a scam and is reliable. In addition, what the senior sister wants to tell you is that when buying insurance, it is more important to consider the product itself. After all, products that meet their own protection needs are worth buying.

Finally, the senior sister will give you a guide to buying insurance to prevent pits, friends in need can take a look: [insurance] which is good, how to buy cost-effective, hand in hand to teach you to avoid these pits of insurance.

What is the best way to buy insurance for your parents? How to buy the most cost-effective parental insurance? I am an insurance broker who specializes in insurance services! Help you shop around and buy the right insurance

The most cost-effective way to insure your parents is to buy the insurance they need in one step. First of all, identify their needs, that is, critical illness protection, medical protection and accident protection, these are products that provide basic personal protection, buy this type of product first, and on this basis, there is a budget, and then consider purchasing financial products. In addition, it should be reminded that when purchasing critical illness insurance, older parents may encounter the phenomenon of premium inversion, that is, the premium is higher than the sum insured, which is not cost-effective and needs our attention.

To buy the right insurance, to buy cost-effective insurance, there are really a lot of things to pay attention to, it is recommended to take a look at this article before buying: [Before buying insurance, you must first understand these key knowledge points!

As mentioned earlier, older parents may encounter the phenomenon of inverted premiums, so how do they need to solve it? If there is a real inversion of the premium when applying for critical illness insurance, we do not recommend buying it, but we can consider replacing it with cancer insurance. Generally speaking, compared with critical illness insurance, cancer insurance has a wider insurance age, more relaxed health notices, and is cheaper.

For example, if the budget is limited, critical illness insurance is generally configured with at least 300,000 insurance amounts, and 500,000 is more perfect. There are a lot of precautions for parents to buy insurance, and they are placed here:What is the insurance for the elderly, and what insurance is good for your parents, you all need to know

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If your parents are over 55 years old, you can consider medical insurance, because medical insurance does not have any restrictions on diseases, as long as you are hospitalized, the insurance company can reimburse the hospitalization expenses on a proportional basis, and the amount of insurance can also be very high. In addition, you can also consider cancer medical insurance, which only covers hospitalization expenses caused by cancer, and the cost is lower than that of ordinary medical insurance.

Parents have generally reached retirement age and have little financial responsibility for the family, so life insurance is not a matter of consideration in the first place. However, it is easy for parents to buy critical illness insurance at this age to have the premium inverted, so critical illness insurance is generally not considered. For parents' insurance, we generally consider these three:

Accident insurance, cancer insurance and medical insurance. If you can't buy medical insurance, you can consider cancer medical insurance.

Don't buy critical illness insurance because the premiums are high, the sum assured is low, and the leverage is low. If the parents are between the ages of 50 and 65, the Million Dollar Medical Insurance is preferred. If the parents are between the ages of 65 and 70, cancer medical insurance is preferred.

When parents are old, the insurance they need most is these three types: million medical insurance, cancer insurance, and accident insurance.

To buy insurance for parents, we must first choose insurance suitable for the age group of parents, and secondly, the earlier we buy insurance, the cheaper the general premium, and there are more products to choose from.

How do I choose the right insurance for my parents? Generally, the age of 55 is the watershed, and the insurance required for those over 55 years old and those under 55 years old will be different. Big liquid take.

If your parents are under the age of 55 and are still middle-aged, it is generally recommended to allocate critical illness insurance, medical insurance and accident insurance. If you are still the breadwinner of your family at this time, you can also consider configuring life insurance. So why configure these insurances?

If your parents are over 55 years old, but they are in good health, there may be an inversion of the premium when purchasing critical illness insurance.

Medical insurance can mainly reimburse medical expenses outside the scope of medical insurance reimbursement, which can reduce the loss of medical expenses. If you want to configure medical insurance for your parents, you can read this article:The latest top 10 million medical insurance rankings are newly released!

If your parents are not in good health and most of the critical illness insurance and medical insurance are not suitable for purchase, then you can consider configuring cancer insurance.

Cancer insurance is mainly to protect cancer, when the insured is diagnosed with cancer, he can get a sum of money to ** cancer, which is generally paid immediately after diagnosis. Cancer insurance has a wider range of insurance ages and more relaxed health notices, which is more friendly to middle-aged and elderly people. If you want to configure cancer insurance for your parents, you can read this article:

What is cancer insurance, how to buy it, which one is good, a comprehensive analysis of the roll, comparative evaluation

To sum up, it is more cost-effective for everyone to choose the insurance that is suitable for parents. Look

Parents are generally older, most of what they need most are health insurance, health insurance has medical insurance and critical illness insurance, for older parents critical illness insurance cost performance has been relatively low, if the budget is limited, it is not recommended to consider, medical insurance premiums are much lower, priority to parents to configure medical insurance, but medical insurance has a disadvantage is that the underwriting is strict, parents have a three-high body or have other more serious past medical history may be difficult to insure, the second is cancer insurance, only for cancer insurance with compensation.

In summary, medical insurance is the priority, followed by cancer insurance, and finally critical illness insurance.

If the parents do not have a pension and the economic conditions are good, they can save the pension for the parents in advance, and save the kind of annuity that can be received for life to ensure the basic life of the parents in their later years.

For your parents, health insurance is the focus.

Directly speaking, as people age, their body's resistance is inversely proportional, and their ability to resist related risks is relatively weak.

Insurance follows the "high loss priority principle", that is, if a risk accident occurs infrequently, but the loss is serious, priority is given to insurance.

The expenditure of its insurance costs is generally about 10---20% of the annual income, and it is best not to exceed 20%, that is, to use 10% of the funds to preserve 100% of their assets.

To be honest, we make money for a lifetime, and at the same time, we spend money for a lifetime, so why does everyone work so hard? In the future, pension, medical care, children's education, etc., but must have a healthy body, smart people know this truth, only the capital to make money, you can make more money, so it is important to buy adequate medical insurance. If you are not healthy, it is impractical to have more pension insurance.

Here, I know that in this industry, there are three recognized sentences that say this: "brand in life", "Ping An talents" and "Xinhua products".

Finally, it should be noted that the principle of insurance application is as follows:

1) Buy insurance first to buy medical health, health can ensure that customers have everything.

2) Buying insurance is light on words and heavy on contracts, life insurance is generally medium and long-term contracts, and if you buy it, you can become a lifelong happiness, otherwise it will have a great impact.

3) Insurance products need to have the function of maintaining and increasing value, and the current standard of living is increasing day by day, and must be able to curb inflation.

4) To buy insurance, you must first protect the head of the family, if the main wealth creator of the family is not protected, then the premium? Cost of living? and other family expenses are not ***.

5) Buy insurance first for adults and then children, and adults are the best protection for children. If adults are not protected, no matter how much insurance children have, it is meaningless, after all, it is the adults who pay the relevant fees for the children.

It is better for us to buy cancer insurance, medical insurance and accident insurance for our parents. For the detailed insurance strategy for parents to buy insurance, you can take a look at this article: What are the [old people's insurance] and what insurance is good for your parents, you need to know.

Among them, cancer insurance is a "reduced version" of critical illness insurance, which only protects cancer, after being diagnosed with cancer, and meeting the corresponding conditions of Youjing, the insurance company will directly pay a sum of money, which can reduce the pressure of medical expenses for ** cancer, which is very necessary for parents to buy.

Moreover, the premium of cancer insurance is cheaper than that of major illness insurance, and the health notice is relatively relaxed, so the three highs have the opportunity to insure, and the insurance age range is also wide, and some products can be purchased by people up to 70 years old. If you want to know more about cancer insurance, you can poke: what is cancer insurance, how to buy, which is good, comprehensive analysis, comparative evaluation.

Medical insurance is a reimbursement type of insurance, but also a supplement to social security, parents are old, physical function declines, resistance is relatively weak, easy to get sick, running to the hospital is also a common thing, configuration of a medical insurance can solve the corresponding medical expenses.

Accident insurance is to protect accidents, such as falls, burns, fractures, etc., if the parents are old, the reaction will be a little sluggish, prone to accidents, and the configuration of an accident insurance can transfer the economic losses caused by the accident risk. Accident insurance is relatively simple, and you can choose it directly from this list: in 2022, the most worthwhile accident insurance is here.