When is the most cost effective time to buy insurance, and when is the most appropriate time to buy

The sooner you buy insurance, the better. Try to have your insurance ready before the age of 40 because:

1. The average claim age for critical illness in the insurance industry is 42 years old, and this age group is at the peak stage of income and career, but at the same time, it is also facing a high-pressure period of "old and young". At the same time, in terms of the prevalence of the disease;

2. In terms of the limit of free physical examination, the limit of free physical examination at the age of 20 is usually twice that after the age of 40, for example, the limit of free physical examination for life insurance purchased at the age of 20 is 1 million, and it becomes about 500,000 at the age of 40; The limit of free physical examination for purchasing critical illness insurance at the age of 20 is 500,000, and it becomes 300,000 at the age of 40, which is very obvious;

3. When purchasing the same protection, the younger the insurance age, the less it will cost, and the older the age, the more it will cost.

Insurance is either bought as early as possible or as early as possible. Insurance is a financial instrument that we use to transfer unknown risks, a tool to prepare for a rainy day. If we know that when we are 30 years old, we will suffer from a serious illness, then 299 years old is the best time to buy insurance; If we know that we are about to suffer from a serious illness at the age of 40, then 39 years old is the best time to buy insurance; We don't know when the risk will come!

Therefore, the best time to buy insurance is as early as possible and now.

Why should I buy insurance in advance?

As the saying goes: the best time we want to get a big tree was 10 years ago, followed by now! This sentence could not be more appropriate when put in insurance. If there is a regret pill, it will definitely sell crazy.

What are the advantages of buying insurance as early as possible?

First, ** is lower, taking critical illness insurance as an example, the same protection content and insurance amount, purchased at the age of 20 and purchased at the age of 30, the difference in annual payment is nearly 1,000 yuan. And many insurance plans will provide higher coverage for the first 10 or even 15 years.

Second, as we age, our health deteriorates. For example, after the age of 55, it is difficult to buy critical illness insurance; After the age of 65, it will be difficult to buy cost-effective medical insurance; After 90 years old, I can't even buy accident insurance. Insurance companies are very calculating, and as people get older, the risk of health will become greater and greater, so for young people, insurance companies are often the most willing to cover them.

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

The sooner you buy insurance, the better.

1. Premium: The earlier you buy insurance, the cheaper the premium, and age is the main factor affecting the premium. Same sum assured.

The younger the age, the lower the premium, and vice versa, the higher the premium. At 18 o'clock of that year, the premium was 5800; Accidentally 38, the premium rose to 12800.

2. Underwriting: The earlier you buy insurance, the greater the underwriting pass rate. As we age, our body functions slowly age, and insurance is only sold to healthy people.

Insurance is not something you can buy if you want to, and it is not a special commodity that you can buy with money. Insurance is not used when you buy it, and you can't buy it when you use it.

3. Risk: The sooner you buy insurance, the sooner you will have a barrier when a risk occurs. As we age, we are at greater risk of developing disease.

Although buying insurance cannot prevent the occurrence of risks, it can allow the policyholder and the insured to obtain financial compensation when risks occur.

4. Habits: The sooner you buy insurance, the sooner you develop a good habit of financial management! Buying insurance is like forcing yourself to save and save a fixed amount of cash every year for future emergencies.

This money is not only emergency money in the event of an accident or illness, but also emergency money in life, which can be withdrawn at any time for cash value.

80% is used for capital turnover, and it is also possible to use policy loans.

For emergency response!

Extended Information:1Insurance (or insuraunce) is a market economy.

conditions) risk management.

The basic means are the financial system and the social security system.

It is also an act of the insurer to pay insurance money to the insured when the conditions of the contract are met (when the contract stipulates that the accident may occur and the property damage caused by its occurrence is liable for the insurance money, or when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract).

2.Insurance, economically, is a financial arrangement for apportioning accident losses, legally it is a contractual act in which one party agrees to compensate the other party's losses, socially it is an integral part of the social and economic security system, and risk management is the basic method.

If you purchase protection insurance, the younger you are, the more cost-effective it is.

All things being equal, the younger you are, the less you have to pay the premium.

There are no insurance types of protection that we usually need to buy: critical illness insurance, medical insurance, accident insurance, term life insurance, etc.

If you don't know much about the above-mentioned types of dangerous luck, you can take a look at this popular science article first:What is the difference between critical illness insurance, medical insurance, accident insurance, and life insurance? Will there be a conflict when making a claim?

Next, the senior sister will continue to tell you about these insurances. However, due to space limitations, I will focus on the first two.

1. Critical illness insurance.

The role of critical illness insurance is to transfer the financial risk of the insured person suffering from a critical illness. Generally, there will be coverage for mild, moderate and critical illnesses. Some critical illness insurance will also include additional compensation, multiple claims for high incidence diseases, etc.

2. Medical insurance.

The purpose of medical insurance is to reimburse the insured person's medical expenses such as hospitalization, surgery, etc. Generally, it will include general medical care, critical illness medical care, and front and back door emergency medical care. Some medical insurance plans will also include proton and heavy ion medical treatment, targeted drug reimbursement, and so on.

Finally, in order to avoid the trouble of selection, the senior sister also compiled a list of millions of medical insurance worth buying for everyone, and interested partners can learn about the products:The latest top 10 million medical insurance rankings are newly released!

That's all I have for this issue, I hope it helps! Hope!

Hello, I am Lee Shau Kee, who is good at lending, insurance, and banking, and has successfully solved problems for more than 20,000 people

Hello, the cheapest time to buy car insurance is: 1. Generally speaking, July to August is the off-season for car insurance, during this time period, insurance companies will launch some preferential activities in order to stimulate consumption, and buying car insurance at this time will be cheaper than usual. 2. During some holidays, such as:

National Day, May Day, etc., insurance companies will also launch activities, and you can also pay attention to them on holidays. At the same time, car owners should try to avoid buying car insurance during the Chinese New Year, because there are often many people who handle it during this time, and car owners may not get the best service. It should also be noted that the owner must get car insurance in time after buying a new car, and do not delay for the sake of activities and other activities, otherwise during this time, if a traffic accident occurs, it will cause unnecessary losses.

It is most cost-effective to buy insurance when you are young and healthy.

Insurance can transfer the economic losses caused by risks, but we don't know when the risks will come, such as when we get sick, have an accident or die, so it is the most cost-effective to buy insurance now, so that we can face the risks that may occur in the future more calmly.

The sooner you buy insurance, the sooner you will be covered. Some products are guaranteed for life, and the younger the policy, the longer the coverage will last. There is also a waiting period for critical illness insurance and medical insurance, and the waiting period has passed after the application has been applied for before the insured can enjoy full protection.

The sooner you buy insurance, the cheaper it tends to be. For example, the rate calculation of critical illness insurance is related to the age of the policy, and the premiums of middle-aged and elderly people are usually higher than those of young people, because the risk of critical illness is relatively higher for middle-aged and elderly people, and the probability of claims has also increased, so the premiums are more expensive.

In life, if you miss it, you will never go back, not only time, health, but also insurance.

If you have health problems and want to buy critical illness insurance and medical insurance, you may not be able to buy the products you want without health notification.

If you want to buy insurance when you are older, you may not be able to apply for insurance due to the age limit of insurance, so you can only rely on yourself and your children.

If there is an accident, I regret not buying insurance, but unfortunately I can't travel through time and space, so I can only bear the economic losses by myself.

Therefore, the senior sister recommends that you plan well in advance and configure the appropriate guarantee according to your own needs. If you want to know what insurance is suitable for you, you can take a look at this guide:How to buy insurance for different age groups?

Everyone should have their own planHope!

Filial piety to parents is human nature, to buy the right insurance for your parents is also normal, then as a financial planner, I do not recommend that you buy insurance frequently, that will only waste your funds, generally to buy insurance for the elderly, there are several aspects that we should pay attention to, the elderly are more suitable to buy health insurance, specific I have a small plan you can refer to:

Clause. 1. You can buy some critical illness insurance, the amount of insurance is about 40,000 yuan, divided into 10 or 20 years, and the annual premium is about 3,000 yuan.

Clause. Second, you can also choose accident medical insurance for your parents, this insurance is pure consumption, and the general annual premium is about 150 yuan.

Clause. Third, there is a universal life insurance, this insurance variety is also good, most of the insurance companies customized the amount of insurance is 20,000 to 40,000 yuan, the payment period is relatively free, the annual premium depends on the ability of the individual, the common range is 2,000, 4,000 yuan.

Clause. 4. At present, commercial health insurance mainly includes critical illness insurance, hospitalization expense reimbursement insurance and hospitalization subsidy insurance. These three types of health insurance coverage have their own different characteristics:

1. Critical illness insurance: With the occurrence of illness as the condition of payment, under normal circumstances, as long as the insured is diagnosed with a certain disease defined in the contract, no matter how much medical expenses are incurred, he can be compensated according to the amount agreed in the insurance contract.

2. Hospitalization expense reimbursement insurance: The hospitalization medical expenses caused by accidents or illnesses are the payment conditions, and the reimbursement is made according to the proportion agreed in the insurance contract. This type of insurance is complementary to social insurance and other commercial insurance, and the claim is paid after the insured is hospitalized, and the insured needs to provide corresponding invoices for expenses.

3. Hospitalization subsidy insurance: This type of insurance is the income protection insurance that the insured is hospitalized due to accident or illness, and the insurance company pays the insurance subsidy according to the standard agreed in the contract, which has nothing to do with social insurance and other commercial medical insurance, and is also paid after the hospitalization. For example, some products stipulate that if the insured is hospitalized due to illness, the insurance company will pay a daily hospitalization premium of 100 yuan for each hospitalization day from the fourth day of each hospitalization.

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