It is better to have accident insurance for life, and it is better to buy insurance for life

There is no lifetime accident insurance.

Many accident insurances are paid for one year and one year, which is consumer-oriented, and generally will not be bought for you until you are 65 years old.

There are also some accident insurances, ranging from 10 years to 15 to 20 years, with 20 or 30 years of insurance, and the longest is generally covered until the age of 70, and there are very few protections until the age of 75.

Then everyone must want to protect it for life, but there is no lifetime accident insurance, most of them are guaranteed once a year. When you are very old and the probability of accidents greatly increases, he will not let you renew the policy.

If you want to keep it for life, you can buy whole life insurance. Or critical illness insurance with shengu benefits is also OK. Or annuity insurance with shengu interest or something. In short, accident insurance cannot be bought for life.

The subject should be talking about long-term accident insurance, right?

One-year accident, pay one year of insurance, cost-effective, the current products on the market, 1 million insurance amount only needs more than 200 yuan, that is, the money to eat a hot pot, but long-term accident insurance, taking xx Fu as an example, the same 1 million insurance amount, pay 30 years, insurance to 70 years old, 3800 per year!

Also insured until the age of 70, the total premium of a one-year accident is about 20,000 yuan, and the total premium of a long-term accident is more than 100,000 yuan!

Therefore, it is recommended that you never buy long-term accident insurance!

When buying insurance, it is best to combine accident insurance, whole life insurance, and some critical illness insurance. We can't rely on a single type of insurance to protect our risk transfer, because no insurance is perfect and needs to be combined.

Each has its own benefits and significance, so it cannot be simply compared, and the choice of lifelong or regular depends on the actual situation, especially the impact of budget and responsibility is relatively large.

Accident insurance, there is no lifetime insurance.

First: score the difference between the two.

Term Critical Illness Insurance: It is based on a fixed period of coverage (e.g. up to age 60, coverage up to age 70), during which a claim can be made if a critical illness occurs. Whole Life Critical Illness Insurance:

The term of coverage is limited to life, that is, until the death of the insured. (Some critical illness insurance policies with coverage for more than 100 years old are also commonly referred to as whole life critical illness insurance.) ）

Secondly, after understanding the definition of both, consider how to choose based on your age and income.

1) If you are relatively young and still in the rising stage of your career, the main risks at this time are death, disability and critical illness. If illness occurs while working, you may face the risk of losing your income, facing high medical bills, and facing no income due to family resignation to care. Therefore, when you are still young and your career is on the rise, and your income and savings are still relatively limited, you should give priority to regular critical illness insurance.

The advantage of this is: **cheap, can really do small and big. However, the term insurance is pure protection, that is, it does not carry any return and savings nature.

In other words, if there is no risk of illness during the coverage period, the cost of protection (i.e. the premium you paid) will be consumed.

2) If you are already in a stable career period, and your child may have basically completed college education, and there is no other pressure, then it is suitable to directly purchase lifelong critical illness insurance. Because the risk at this time is the risk of spending your hard-earned money and not being able to take out so much cash at once, and it will drag down the child if you don't do it well, so in order not to be caught off guard, plan insurance to resist this risk. The advantages of this are:

Comprehensive protection and lifelong protection are equivalent to an insurance that will definitely be compensated. Therefore, it will definitely be used, and children and grandchildren will also benefit. However, these products** are not cheap, they will be more expensive than term critical illness insurance, and they may be denied coverage or have their premiums increased for health reasons.

Finally: Suggestions based on practical experience.

Most whole life critical illness insurance plans offer instalment payment and premium waiver, and the lower the age, the lower the premium.

Suggestions: 1) Personal accident insurance: Although it is a consumption form (no return of principal), risks are everywhere, and a small amount of investment is in case of emergency. It doesn't take much, about 200 yuan.

2) Critical illness insurance: When you are young, the rate is lower, and the payment period is longer. For example, when China Life's Kangheng is 20 years old, he pays 10,000 yuan for 30 years, and the annual amount of insurance is about 200 yuan, which is the lifelong wealth in the future.

3) Appropriate amount of dividend insurance: compulsory savings, which is legal private money in the future, and no one can take it. However, the payment period should not be too long (3 to 5 years is appropriate).

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

There is a lifetime accident insurance, and the accident insurance that can be insured for life refers to the whole life accident insurance and accident injury insurance. Whole life accident insurance, i.e., whole life insurance and accident insurance, refers to the insurance that the insurance company compensates the insured in accordance with the contract when the insured suffers losses due to accidents within the scope of the insurance contract.

China's insurance law stipulates that those engaged in insurance activities must abide by laws and administrative regulations, respect social morality, and must not harm the public interest. The parties to insurance activities shall follow the principle of good faith in exercising their rights and performing their obligations.

Legal basis. Article 4 of the Insurance Law of the People's Republic of China Engaging in insurance activities must comply with laws and administrative regulations, respect social morality, and shall not harm the public interest.

Article 5 of the Insurance Law of the People's Republic of China The parties to insurance activities shall follow the principle of good faith in exercising their rights and performing their obligations.

Article 6 of the Insurance Law of the People's Republic of China The insurance business shall be operated by the insurance companies established in accordance with this Law and other insurance organizations stipulated by laws and administrative regulations, and other units and individuals shall not engage in insurance business.

Accident insurance is not guaranteed for life.

Generally, it is guaranteed until the age of 65, and more can be guaranteed until the age of 70. Most of the accident insurance is one-year short-term, and the insurance company will not set up a lifetime accident insurance, because insurance accidents will definitely occur.

For example, term insurance can be caused by accidents, and it can also be caused by illness. Whole life insurance can be managed for life, while term insurance is fixed, such as 1 year, 5 years, 10 years, 20 years, 30 years. Therefore, what kind of insurance you apply for will enjoy what kind of insurance protection.

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

There are two kinds of accident insurance, one is an independent insurance product, so it depends on the specific product, as short as a few days, as long as a year. One is the additional type of insurance, that is, the insurance is attached to the long-term life insurance product, then the protection period is the same as the life insurance product.

Life insurance is a kind of insurance that takes the life and death of a person as the object of insurance. It is a kind of insurance in which the insured lives or dies during the insurance liability period, and the insurer pays the insurance money according to the provisions of the contract.

According to the scope of business, life insurance includes survival insurance, death insurance and both.

According to the term of protection, life insurance can be divided into term life insurance and whole life insurance. Universal insurance, which has been sold in recent years, is also a type of whole life insurance.

A large part of consumer-based accident insurance is a one-year consumer insurance.

In fact, life insurance also includes accidental death, including the insurance liability of accident insurance, and the accidental death of life insurance can be protected for life.

Popularize common sense:

Generally speaking, the accident insurance launched by the insurance company is a year-a-year insurance, and it is a consumable type of insurance, for example, if someone buys 100 yuan a year of accident insurance, the amount of insurance is 500,000, then if the person dies because of an accident within the year, the beneficiary gets 500,000, if he does not die within the year, then the 100 yuan will not be returned.

Life insurance mainly refers to life insurance, mainly including critical illness insurance and pension insurance (this piece can only be talked about approximately, I haven't touched insurance professional knowledge for many years, but it's okay to popularize common sense, hehe).

Critical illness insurance can be paid in a lump sum or in installments, the general type of insurance is within the insurance period, if the customer suffers from the critical illness stipulated in the insurance terms, the amount of insurance will be lost, if it is okay, to the specified insurance period, you will get back a sum of money, (of course, if you take into account the value of time, there is not much money left).

Old-age insurance is simpler: it can be paid in a lump sum or in installments, and when it reaches the specified number of years, such as men 60 or women 55 years old, how much money they receive per month, similar to the pension insurance in social insurance. There is also the question of how much the insurance company will pay to the beneficiary in a lump sum if he dies a certain year ago.

Pure hand-hitting, ask for a recommendation.