What are the types of insurance that are suitable for parents?

The types of insurance suitable for parents include critical illness insurance, medical insurance, and accident insurance that provide basic personal protection, and financial insurance products such as increased whole life insurance, pension insurance, etc., which provide critical illness protection, medical protection, accident protection, and cash flow protection. There are so many types of insurance, do you have to buy them all? This article tells you:

With so many types of insurance, which one should I buy first?

It may be appropriate to buy the following insurance for your parents:

1.Basic social security: the most basic protection, generally including basic medical insurance and pension insurance;

2.Million Medical Insurance: The minimum premium is high, and it can mainly reimburse the reasonable and necessary medical expenses incurred by the insured due to illness or accident, but the deductible is also relatively high, and the health notice is also relatively strict, and the reimbursement of serious illness or accident ** expenses should be could.

3.Small medical insurance: low premiums and low deductibles, but the sum insured is also low, which can be used to reimburse hospitalization expenses for minor illnesses and accidents;

4.Accident insurance: mainly covers accidental death or disability, accidental medical treatment;

If you have other needs, you can also consider the following types of insurance:

5.Inclusive medical insurance: most of them can be purchased mainly by local medical insurance, and there are no restrictions on age, occupation and health;

2.Critical illness insurance: It can mainly cover malignant tumors, cerebral hemorrhage and other critical illnesses, but the health notice is stricter;

7.Cancer insurance: It mainly covers malignant tumors, and its health notice is more relaxed than that of critical illness insurance;

8.Cancer medical insurance: reimbursement of medical expenses incurred by the insured due to malignant tumors;

9.Life insurance: It mainly takes the survival and death of a person as the condition for insurance payment, but if the age of the parents is already sixty or seventy years old, then the cost performance is not very high if you buy life insurance;

10.Annuity insurance: If the insured survives safely to the age of receiving annuity, the annuity can be paid annually on an annual, semi-annual, quarterly or monthly basis.

Buying insurance for your parents can be done in the following ways:

1. Priority is given to medical treatment and accidents, the older the parents, the higher the medical needs, if the body is relatively healthy, directly insure millions of medical insurance, the reimbursement amount is high, and solve the medical expenses of serious illnesses. Parents are older, their physical functions are declining, and they are prone to the risk of accidents, and unexpected configurations are also needed. In addition, the premiums for medical treatment and accidents are relatively low, so there will be less pressure on premiums.

2. Critical illness insurance can be selected according to the age, health and ability of the parents. If the parents are between 45 and 50 years old, are in good health, and have a certain ability to pay, they can choose a critical illness insurance, but the amount of insurance may be limited, if they are over 50 years old, it is recommended not to choose critical illness insurance, and the premium may be upside down.

3. Cancer insurance is a simplified version of critical illness insurance, which only covers cancer, and the health notice is relaxed, which is suitable for parents to apply for insurance at an advanced age.

4. In the case of life insurance, if the parents do not bear the family responsibility, they can not be considered, and the premium has certain requirements.

5. To buy insurance for the defense and parents, you should combine your own budget, after all, the parents are older, and the premium expenditure will be relatively high.

6. You can also buy Huimin medical insurance for your parents, which can be bought only if you have medical insurance, and there are no requirements for age and health.

7. You can compare products through multiple channels and choose the right insurance for your parents, such as you can find an insurance person, but you can only sell the products of your own insurance company; You can also find an insurance broker, and you can choose the products of multiple insurance companies; It can be purchased through the channel of insurance companies; It can also be purchased through the insurance brokerage platform, which is the Internet insurance product sales platform.

Types of insurance that should be bought for parents: accident insurance, cancer insurance, cancer medical insurance.

1. Cancer prevention medical insurance.

When the parents are older, there will be a lot of high-incidence diseases to come to the door, such as the three highs, stroke and other diseases, at this age will be more prevalent, the cost is also very high, for many ordinary families, the economic pressure will be greatly increased.

If you have medical insurance, you don't have to worry about running out of money to see a doctor. Whether you go to the outpatient department or hospitalized**, the general reimbursement ratio can reach 100% for the part of the medical expenses exceeding the deductible of 10,000 yuan. It costs a few hundred dollars a year in premiums, but the sum insured is in the millions.

If the elderly at home are in poor health and cannot buy a million medical insurance with a high health notification threshold, they can replace the million medical insurance with cancer prevention medical insurance with a low health notification threshold.

Cancer medical insurance is also a reimbursement type insurance, that is to say, how much medical expenses are spent, and similarly, this kind of insurance has the advantage of low and high insurance amount, which is mainly used to compensate for hospitalization caused by cancer or special outpatient expenses. If you want to know more about cancer medical insurance, click below to read:"Cancer prevention medical insurance, the most reliable to buy like this!

2. Benefit-based cancer insurance.

There is almost no critical illness insurance for the elderly to choose from, because critical illness insurance has certain requirements for the physical condition of the policyholder, and the physical function of the parents will decline when they are old, and basically there is little chance of passing. If you also want to buy critical illness insurance, the premium will be inverted. At this time, you should consider the benefit-type cancer insurance.

Cancer insurance can replace critical illness insurance, focusing on dealing with cancer, and most of the coverage covers malignant tumors, carcinoma-in-situ and other diseases. Compared with critical illness insurance, cancer insurance not only has a small age limit (you can apply before the age of 75), but also the health notice is relatively easy to pass, even if you have a small problem like the three highs, you can still be insured.

If you buy a cancer insurance policy, the premium is still very cheap, you only need to pay a premium of one or two thousand yuan per year, and the maximum amount of insurance can be 100,000 yuan. For more knowledge points about cancer insurance, you can take a look at this guide compiled by the senior sister:How to buy cancer insurance?

Who is it suitable for? 》

3. Accident insurance.

Usually when parents reach a certain age, how many legs and feet will be a little inconvenient, unexpected conditions, and injuries to muscles and bones, at this time accident insurance is a good thing. When buying accident insurance for the elderly, you should pay attention to the amount of accidental medical insurance, the higher the better. What are the best accident insurance to buy in 2021, this article tells you:

"2021, the strongest accident insurance collection".

[Written at the end].

I am [Xueba Says Insurance], focusing on objective, professional and neutral insurance evaluation;

I will give you the most professional advice with years of experience in configuring insurance for 10w+ families.

Cancer insurance, accident insurance, and medical insurance are more suitable for parents to buy. Because parents are old, the most important risk points to pay attention to are accidents and diseases, while cancer insurance and medical insurance can transfer the economic losses caused by diseases. The compensation of accident insurance can also cover the expenses of the parents' ** period.

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