Is it necessary to buy whole life insurance for children, is it necessary to buy whole life insuranc

Children's insurance should be regular or to lifelong, I believe that there are a lot of troubled parents, today to popularize science.

Let's talk about the products first.

Accident insurance, regardless of adults and children, I do not advocate buying contract-type accident insurance, just buy one-year one-year accident insurance, remember to renew every year. Cheap and big bowl.

Life insurance, whole life insurance, it's not that you want to buy, if you want to buy it, you are qualified to buy it, and you are really not qualified to buy it if you don't have tens of millions of assets.

Life insurance for children, not to mention. If adults are not eligible to buy whole life insurance, then children are not even eligible for term life insurance. Why, if you don't make money, what kind of life insurance do you buy?

The breadwinner of a life insurance family has no financial security for the rest of the family in order to prevent sudden death. Children don't make money, and there is no need to buy life insurance.

Therefore, it is generally difficult to buy a lifetime or a fixed term, which is generally critical illness insurance. Regarding whether to buy lifelong critical illness insurance for children, let me analyze it.

Personally, I do not recommend that children buy lifetime critical illness insurance for the following reasons:

A child's life is very long, and if she buys a lifelong product at the age of now, there is still a long time before she is old, and this time may be 50 years, 60 years, or even 80 years longer. In the long 50-80 years, except for this insurance contract, everything has changed, medical technology is changing, maybe 50 years later, many of the current critical illnesses have become very easy to ** mild diseases. How to say this, after all, it is very fortunate for those who buy insurance.

bought a critical illness, and finally got a mild illness, and also paid the money for the contract, which is also a good ending.

As for whole life insurance, it is even more unnecessary, as for how to plan children's insurance, welcome to find daddy insurance for consultation!

Should children buy whole life insurance?

Should children buy whole life insurance, whole life insurance has a long payment period and is expensive, so people with high and stable incomes can afford this cost. Whole life insurance is paid after the death of the insured, whether children should buy whole life insurance.

Should children buy whole life insurance1

There is no need for children to buy whole life insurance, which is mainly reflected in the following two aspects:

1. Children often have no income and do not need to bear family responsibilities, and life insurance with death as a condition of payment cannot effectively play the role of insurance to make up for family losses.

2. There is an insured amount for children's death insurance.

Limit, children under 10 years old, the maximum death benefit is 200,000 yuan, and the maximum compensation for 10-18 years old is 500,000 yuan, and the excess part has no practical effect.

Should children buy whole life insurance2

In general, it is not necessary to buy whole life insurance for children. Of course, if the family conditions are good, you can buy it if you want to.

1. The applicable population of whole life insurance.

1. People with high and stable incomes.

Whole life insurance has a longer payment period and is more expensive, so people with high and stable incomes can afford it.

Whole life insurance is not recommended for low- and middle-income people, as higher premiums will only become a burden for low- and middle-income people, and sometimes it may be the last straw that crushes the family.

The term life insurance with relatively low premiums and is very cost-effective.

Suitable for low- and moderate-income people.

2. People who are considering savings and security.

Whole life insurance is long-term insurance and the policy has a cash value.

After a period of time, the cash value will exceed the sum insured.

On the surface, we have bought insurance, but in fact, we have saved in the insurance company, and the amount of insurance is still growing.

Moreover, many current whole life insurance policies have a dividend function, which can be used as a type of insurance for savings and protection.

3. People who want to carry out estate planning or transfer wealth through whole life insurance.

Because whole life insurance pays out the sum insured.

It can be distributed in full accordance with the wishes of the policyholder, and is protected by law, and generally does not need to pay inheritance tax and personal income tax.

Therefore, whole life insurance is suitable for estate planning.

Therefore, some people want to pass on their inheritance to the next generation, and they can transfer their assets through whole life insurance.

There are only a few reasons why it is recommended not to buy lifelong critical illness insurance for children:

1.The child is still young, and he will grow up in the future. You can wait until your child becomes an adult before purchasing lifelong critical illness insurance.

2.Now the conditions are getting better and better, the child has been the little emperor of the family since he was a child, and he is cared for by the family, how can he be so easy to get seriously ill, it is a waste of money to buy lifelong critical illness insurance, and the most important thing is to protect the immediate first.

3.Term critical illness insurance can also give your child the protection they need,** and it's cheaper than lifetime critical illness insurance.

Next, let's analyze it from several aspects.

1. Will the product form of the future be better than the current one?

From the point of view, the lowest critical illness insurance on the market has really been reduced to the extreme, and it is almost impossible to be lower than it. However, all insurance companies in the market are trying to extend or make new interpretations on the basis of the original. From a rough point of view, in the future, critical illness products will not change much in direction for a long time, but will move closer to refinement.

However, the difference is that the cost of medical care is increasing year by year, and in the future, insurance companies are likely to increase the rate of lifelong critical illness insurance.

Therefore, the age of the child is an advantage, and it will be cheaper to buy lifelong critical illness insurance for the child as soon as possible.

2. Is it better to buy lifelong critical illness insurance when the child becomes an adult?

It is also not a good idea to purchase term critical illness insurance for your child. However, most of the children's regular critical illnesses on the market are a single claim, and the contract will be terminated once the claim is paid.

If you apply for whole life critical illness insurance after your child becomes an adult, then you will face underwriting problems. Once your child has a history of critical illness insurance claims, the insurance company will inevitably be less willing to cover your critical illness insurance again.

The purpose of buying a critical illness is to use the best means within one's ability to cure the disease, so as to live a better life. If it is a single scheduled critical illness, once the claim is paid, the child's future life is likely to be ineligible for other critical illness insurance. This must not be the original intention of all mothers to buy insurance now.

Finally, to sum up, although insurance products emerge in an endless stream, more and more products are emerging in the market. However, for families with better financial conditions, it is a good choice to buy a lifetime critical illness insurance for their children, after all, it can provide more comprehensive and complete protection for their children. Parents can give their children the best protection within their ability, which is the best love.

It is necessary to buy insurance now, the sooner you buy it, the more affordable it will be, otherwise you will need to buy it when your child grows up.

Yes, it is necessary, if you buy whole life insurance for your child, it will definitely be beneficial to him in the future. There are only good and no harm.

If your family conditions allow, you can buy some insurance for the little ones. As for what type to buy, in fact, I suggest that you can still buy some financial management types, so that you can save some money for him in disguise.

I don't think it's necessary, it's better to use this empty money for investment, I feel awkward when I hear it, and I have five insurances and one housing fund to work when I grow up.

As long as there is so much spare money that can be bought for children, how can buying insurance make ordinary people suffer.

Buying a child is a lifelong insurance policy after all, as long as you have enough money to buy it for him.

In the case of better economic conditions, it is necessary for children to buy whole life insurance. Because children have a higher chance of getting sick than adults, they don't have to worry about not being able to apply for other critical illness insurance products after the expiration of their term critical illness insurance. However, the disadvantages of lifelong critical illness insurance are also obvious, that is, if the sum insured is insufficient, the effect may be relatively small in the future, so parents need to choose a lifelong critical illness insurance product with the appropriate amount of insurance for their children.

Whole life insurance means that the payment can be paid for life. A consumer-oriented insurance. If you don't pay for a period of time, your principal will be lost in the future. If you have a lot of money, you can buy it.

I don't think it's necessary to buy whole life insurance for small children because it doesn't feel necessary.

This depends on the financial situation of your family, if you have a lot of rich money, you can buy some, if you have no money like me, it feels too far away.

It is necessary that although the child is still young, accidents are unexpected, and we must be prepared.

It is necessary to buy whole life insurance for small children, which can give the child a guarantee.

It is necessary, because we live in a world where accidents may happen at any time, although the society is developing better and better, but it is precisely because of the development of science and technology that many young people are more and more likely to suffer from serious illness, and children are not able to avoid this kind of disease.

Is it necessary to buy whole life insurance for small children? Yes, there are many people who buy whole life insurance for their children.

This is a question of relativity.

If the family finances belong to ordinary people, then parents are the best protection for their children.

Life is unpredictable, and buying insurance depends not only on your financial ability, but also on what you think.

It is a large expense for children to buy life insurance, and generally speaking, the younger the child, the lower the starting capital.

Yes, of course, it is good to have this financial ability, and it is also quite a kind of financial management.

If you have money, you will be willful, and if your life is relatively poor, you will do what you can.

Our whole family bought it and it was good.

It's good to save money for the next generation.

Parents do not have to buy whole life insurance for their children, this kind of product can only be paid after the death of the child, which means that it is obviously too early to protect the child's next generation. And the products are constantly being updated, and it may be better for the children to buy them themselves when they grow up.

Whole life insurance generally has a higher rate, but it will only be paid by the insurance company after the death of the insured. In the end, the beneficiary of the insurance is not the child, so it is of little use to buy whole life insurance for the little one. Therefore, parents do not have to think about buying whole life insurance for their children too early.

It is very necessary to allocate insurance for children, but you need to consider more in the choice of insurance, such as Ping An Health Insurance.

There is no need!

Because, life insurance can only be claimed after death. In this case, it will not protect your child and will not solve any of his problems; Rather, it solves some problems for your grandchildren, but apparently it is too early.

Suggestions: 1. Buy critical illness and life insurance for yourself;

2. Buy critical illness, accident, and dividend insurance for your child.

There is no need to buy whole life insurance for your child

It is necessary for children to buy critical illness insurance, because children may unfortunately have a critical illness in the process of growing up, so in order to provide children with more comprehensive protection, it is necessary to buy children's critical illness insurance. However, it is not recommended to buy lifelong critical illness insurance for children, it is recommended to buy regular critical illness insurance for children, that is, to protect children until the age of 25.

The reason for this recommendation is that lifelong critical illness has inherent drawbacks, such as the depreciation of the sum insured due to inflation, and the impact of external insurance, such as the emergence of critical illness insurance with more coverage and higher coverage.

Therefore, it is not recommended to buy lifelong critical illness insurance for children, and it is enough to purchase term critical illness insurance.

Extended information: Critical illness insurance refers to the commercial insurance behavior handled by the insurance company that pays the insurance premium according to the insurance contract when the insured reaches the critical illness status agreed in the insurance clause when the risk of specific critical illness, such as malignant tumor, myocardial infarction, cerebral hemorrhage, etc. occurs.

From February 1, 2021, insurance products under the old definition of critical illness will be completely removed from the shelves. According to the new regulations, some diseases will be paid according to the severity of the two levels, and the policy can be renewed, and the number of diseases covered has also increased. For the first time, the new regulations introduce the definition of mild illness, which divides the three core diseases of malignant tumor, acute myocardial infarction and sequelae of stroke into severe diseases and mild diseases according to their severity, and the upper limit of the proportion of the sum insured that can be paid for these three mild illnesses is determined to be 30% of the total sum insured.

Critical illness insurance was first introduced in South Africa in 1983 by surgeon Marie Eusbarnard. His older brother, Kristen Barnard, was the first doctor in the world to successfully perform a heart transplant. Dr. Marius found that after performing a heart transplant, some patients and their families were already in financial difficulties and could not sustain follow-ups.

In order to alleviate the financial pressure on the insured in the event of a critical illness or major surgery, he worked with an insurance company in South Africa to develop critical illness insurance.

After 1986, critical illness insurance was successively introduced into the United Kingdom, Canada, Australia, Southeast Asia and other countries and regions, and has developed rapidly.

In 1995, critical illness insurance was introduced in the mainland market, and has now developed into an important protection product in the life insurance market. In the process of development, the scope of protection has gradually expanded, and the protection function has become more and more perfect, but the design concept of this type of product has continued to this day.