Is it better for children s critical illness insurance in the long term or in the short term?

If you buy a fixed-term one, in case you get sick in a short period of time, you can't buy health insurance in the future, and who will pay for the future health expenses.

Xueba says that insurance only recommends insurance that is really useful for children! This year, the comparison table of 136 hot-selling critical illness insurance for minors has been updated

You can click on it to take a look.

What insurance is good for children

This question makes many parents have no idea where to start, today let's take a good look at what insurance should be bought for children! Configure from these three aspects:

First, take care of the medical insurance first!

After the child is registered, the first thing to do is to complete the medical insurance. Whether it is a major illness or a minor illness, basic medical insurance is particularly important, so this must be handled for children.

Second, in addition to the basic insurance of national medical insurance, commercial insurance should also be considered, and critical illness insurance + medical insurance + accident insurance should be given priority.

Let's start with critical illness insurance, which provides coverage for as long as possible. In addition, critical illness insurance can pay a large amount of cash directly after getting sick, in addition to solving the problem of medical expenses, it can also solve many subsequent hidden problems, such as the delay in studies caused by medical treatment and some losses in subsequent life, all need money, after all, as the saying goes, money is not everything, but no money is absolutely impossible. Buying a pure protection critical illness insurance can solve these problems in the future.

Let's talk about why we need to configure medical insurance, which can be used to reimburse the medical expenses of children's usual medical treatment, for example, with a 0 deductible hospitalization medical insurance, the insurance amount of 10,000 yuan is only one or two hundred yuan per year, which is very cost-effective.

Finally, let's look at accident insurance, the child's accident insurance is particularly cheap, the amount of insurance of 20w is only sixty or seventy yuan per year, you don't think it costs much, but in fact, the protection is quite extensive, accidental death, disability, accidental medical liability are within the scope of protection, cost-effective and practical.

Third, what are the insurance policies that are not recommended for children?

Don't assign life insurance to your child, and try not to choose critical illness insurance with both liabilities. I know the specific reasons in this articleHow to buy the most cost-effective child insurance? The most complete insurance strategy!

has been introduced in detail, because it is very detailed in the manuscript, so I will not waste time here.

According to the above insurance ideas, if you are configuring regular protection 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 low and real.

That's all for me"Is it better for children's critical illness insurance in the long term or in the short term?"All of them, I hope it helps you! Hope!

Many children's physical conditions are also relatively poor, and the child's immune system is not perfect enough, so they are very prone to diseases, especially some children whose resistance is very weak or have congenital diseases, and they can't see it in the early stage, but there are major problems in the later stage. Nowadays, there are a variety of children's critical illness insurance on the market, both long-term and short-term, so which of the two is better?

Objectively speaking, the choice of children's long-term critical illness insurance and short-term critical illness insurance is better according to their own family, first of all, we must clarify the difference between long-term and short-term, the biggest difference between children's long-term critical illness insurance and short-term critical illness insurance is that the time of protection is different, short-term general protection time is about 20 to 30 years, and long-term insurance protection time has reached 70 years old or 80 years old or even lifelong protection, the second difference is that the premiums of the two are different, the former may cost cheaper, The latter will be more expensive because the coverage is longer and the content is more comprehensive.

The third difference is that the renewal conditions of the two are different, if you buy short-term children's critical illness insurance, then most of the insurance can not be renewed, but the protection in the long-term critical illness insurance is lifelong critical illness insurance, and there is no way to renew the policy. On the whole, which one to buy for your child depends on your own situation, and it is generally better to buy a long-term one. Because the long-term protection time is very long after all, it will not be the problem of needing to renew the insurance when the child is in his twenties and thirties.

However, you still need to carefully consider your family budget when buying, if the budget is not sufficient, it is not recommended to buy long-term children's critical illness insurance, after all, spending a huge amount of money to buy a certain probability of compensation is actually not suitable for some people with average family conditions. If the budget is relatively small, it is recommended to purchase short-term children's critical illness insurance with better protection and higher insurance amount, the disadvantage is that the time is not long enough, but if the child really has problems at this stage, the amount of compensation is also quite high.

For children,If you have a sufficient budget, you can buy whole life critical illness insurance, and it is better to have whole life critical illness insurance for children. In this way, there will be no gaps during the insurance period, and if anything happens during the growth process, it will not be unable to be insured because of health notices.

The sooner you buy this type of insurance product, the cheaper it is for the younger the child to have, and the premium is cheaper.

From 4 aspectsThe insurance content is complete, the claim threshold is low, the market recognition is high, and the cost performance is highI have selected the excellent critical illness insurance on the market, and I need to pick it upTop 10 cost-effective children's critical illness insurance in 2020

When the child is older, if there is a new product on the market, you can also configure other critical illness insurance and choose to add insurance

Which is more cost-effective, term or lifetime?

《 Should I choose term or lifetime critical illness insurance? 》

Is that a fixed-term or a lifelong? Both have their advantages and disadvantages. If you choose for life:

Don't worry about the child laterYou can't take out other critical illness insurance because of health notificationChildren will grow up, and when they grow up, they will inevitably have physical problems, and they are likely to be unable to pass the health notice because of their physical conditionIf you buy critical illness insurance for life, there will be no gap in the child's protection period, so you don't have to worry about future insurance.

"Is the health notice of the insurance company making it difficult for us? 》

However, critical illness insurance products are updated quickly, and there will always be better products, if you buy a lifelong product for your child, then you will not be able to choose a more cost-effective critical illness insurance product in the future.

If you choose Regular:

The choice is flexible, you can judge whether to renew the insurance according to the actual situation, and you can also choose a more cost-effective and comprehensive product at the same time after expiration.

However, by the time the child has grown up, the premium may be higher when switching to other critical illness insurance products.

We can take a specific look at the premiums of the same children's critical illness insurance with different protection periods:

In general,If you have enough budget now, you can buy lifelong critical illness insurance for your child, but you will not be able to enjoy more cost-effective products in the future. If you want your child to choose by himself in the future, you can buy a fixed term, which means that the premium will be much more expensive when you buy a critical illness insurance product in the future.

Children's Insurance, the Difference Between Different Age Groups

Xueba said the official website of insurance

If you have a sufficient budget, it is of course better to buy lifelong critical illness insurance for your child, so that you can protect your child's health for a lifetime.

However, if the language is limited, Zhu Baojun recommends that the child buy regular children's critical illness insurance. Here's why:

1. Term critical illness insurance premiums are cheap and have a greater leverage effect

Let's take a look at the differences in critical illness premiums for different policy periods below.

Take a 0-year-old baby boy, 500,000 insurance amount, and 20-year payment as an example

Sunny day warranty for 30 years, only 575 yuan per year;

Mommy Baobei is insured to 70 years old, and it needs 1,850 yuan per year;

Multiple times the baby is guaranteed for life, and it needs 3,840 yuan per year.

It can be seen that the difference in premiums between different insurance periods is still very large.

2. "Keep high" is more important than "keep it long".

Critical illness is not like a cold and fever, taking a medicine and taking a drip, and spending hundreds or thousands of dollars can be **.

Critical illnesses are often malignant tumors (including leukemia), severe asthma, poliomyelitis, myasthenia gravis, etc., which are serious and have a long cycle, and require high medical expenses, ranging from two or three hundred thousand yuan to millions of dollars.

At the same time, parents often give up their jobs to take care of their children, resulting in income disruptions.

Therefore, the sum insured of children's critical illness insurance should cover the basic expenses, as well as other expenses such as nutrition expenses, as well as the loss of income after the parents stop working.

At this time, "enough insurance" is more important than "long-term insurance", and only with enough money can you have the opportunity to plan your future life.

However, in reality, many parents want to buy lifelong critical illness for their children, but they have a limited budget, so they only buy only 100,000 insurance amounts. The sum insured of 100,000 is really a drop in the bucket in the face of critical illness.

3. Critical illness products are updated too quickly

In the past, critical illness insurance really only covered critical illness, and there were still few types of diseases; Nowadays, critical illness insurance has included the liability for critical illness, moderate illness, and mild illness, and there are more and more types of diseases covered.

Many of the situations that cannot be paid in the old critical illness insurance have become minor illness liabilities in the new critical illness insurance, and the compensation threshold has been lowered.

Therefore, if the one-time selection of lifelong critical illness for the child takes up most of the budget, there is no room for change if you want to supplement the child with new insurance types in the later stage.

4. The development of medical technology has led to changes in critical illness

The rapid development of medical technology will lead to the redefinition of critical illness. Many critical illnesses now may be overcome in the future.

It's not worth it to cover a disease that may be easily taken in the future with a high premium that is guaranteed for life.

Many parents are worried about how to buy critical illness insurance for their children, whether to buy long-term or short-term, how to choose? Don't worry, senior sister will answer for you, parents in a hurry can take a look at this article:

《 Should I choose term or lifetime critical illness insurance?

If you only buy short-term critical illness insurance for your child, and when you get older, you may face a lot of problems when you buy critical illness insurance, and the senior sister recommends that you buy long-term critical illness insurance for your child.

Top 10 [cheap and high-quality] children's critical illness insurance

In addition, when buying children's critical illness insurance, you should also pay attention to these questions:

1. The more diseases you have, the better

Some insurance policies write dozens or even hundreds of diseases to cover them, which sounds very powerful, but the real situation is not necessarily, perhaps flashy, and then we need to judge whether the diseases it covers are practical. Like mild illness protection, the state does not mandate the number of insurance stool spring products with high incidence of mild illness, which often hides a lot of cats, you can take a look at the analysis of this manuscript of the senior sister:

Is the more mild illnesses in critical illness insurance, the better?

2. The longer the payment period, the higher the leverage

The longer the payment period chosen, the better, firstly, to temporarily make up for the lack of funds; Second, it is highly flexible, and it can be adjusted and changed in the later stage, making it easier to trigger exemption conditions.

3. The shorter the waiting period, the better

During the waiting period, even if an insured event occurs, the beneficiary will not be able to receive insurance compensation, so the shorter the waiting period, the better, and it is recommended to choose critical illness insurance with a short waiting period. In the market, the waiting period for insurance products is generally 90-180 days, and critical illness insurance with a waiting period of 90 days is relatively good.

4. Do a good job of health notification truthfully

The purchase of critical illness insurance is premised on health notification, so it is necessary to carefully identify the health notification requirements and do not conceal it. Otherwise, if you like a product but can't be insured in the end, if you hide the health notice, even if you are lucky enough to be successfully insured, you will not be able to get a claim in the end! Be vigilant!

Otherwise, it's all for nothing.

Nowadays, there are many regular critical illness insurance for children, with a coverage period of 20 to 30 years, which is very cost-effective, such as Bumblebee and Huixin'an. In this way, children can be equipped with insurance according to the actual situation when they grow up. After all, insurance is a dynamic configuration process.

And insurance products are definitely getting better and better.

Lifetime critical illness insurance for children is generally not recommended, of course, if the budget is sufficient, critical illness insurance with multiple claims can also be considered.

But it should be noted that before the configuration of children, there is no protection for adults, you can understand everyone's feelings of caring for children, and adults themselves should also be configured. Therefore, the budget should be considered in the overall configuration of the family.

First of all, there is no renewal commitment for short-term insurance. Since short-term insurance is insured for one year and guaranteed for one year, there is no commitment to renewal, and long-term critical illness insurance does not need to worry about renewal.

Secondly, the premium calculation method is different. Long-term critical illness insurance and short-term critical illness insurance rates are different.

That is to say, the customer agrees on the payment period, and the annual premium is fixed. Short-term critical illness insurance uses natural insurance rates, which means that the annual premium paid by the customer increases with age.

The level of premium is not only related to the amount of premium paid, but also related to the level of protection that customers can purchase under the same budget. As a simple example, two 28-year-old male customers, Xiao Zhang and Xiao Li, have a premium budget of only 4,000 yuan and are in great need of critical illness insurance. If Xiao Zhang chooses long-term insurance, he can only purchase a whole life critical illness insurance with an insurance amount of 150,000 yuan and a payment period of 20 years; If Xiao Li chooses short-term insurance, he can buy the sum insured of 300,000 yuan or more, and he can buy it until he is 50 years old.