Should I buy critical illness insurance, and whether I need to buy critical illness insurance?

Hello! Critical illness insurance can transfer the financial risk caused by a critical illness and can be considered.

Whether you should buy it or not should be seen in combination with your actual situation.

Because when it comes to "buying", there are economic issues involved.

In other words, only those who can afford it need to consider taking out critical illness insurance.

If you are currently living in poverty, the premium of a critical illness insurance of several thousand yuan will become a huge financial burden for you, so you can ignore it for the time being.

If you are really afraid of the huge medical expenses caused by a critical illness, you can consider taking out a relatively cheap million-dollar medical insurance.

It's just that the million medical insurance is a reimbursement type of insurance, and the insurance money cannot be at the disposal of the insured like critical illness insurance.

If you are financially able, you may want to consider taking out critical illness insurance.

Of course, if you already have enough wealth to protect against the risk of illness, there is no need to buy critical illness protection with only hundreds of thousands of sum assured.

However, Daddy thinks that this kind of person is a minority after all.

And the average salaried class, there are not many people who can come up with hundreds of thousands of dollars to treat the disease at once, or if they want to raise medical expenses, they may need to scrape together, and in the end, they may be cured of the disease, but they owe a bunch of debts.

And if you plan ahead and configure critical illness insurance, then this will not happen.

For example, the current relatively high incidence of diseases, the cancer that everyone talks about, the ** cost is between 22-800,000 yuan.

Although cancer is a relatively serious disease, it is not impossible.

As long as you accept ** in time, ** is more likely.

Of course, after being discharged from the hospital for a major illness, there may be a period of **, which also requires economic support.

Therefore, for most people, critical illness insurance should still be purchased.

Hope daddy's is helpful to you!

I believe that the subject asked this question because there is such a problem in insurance itself - insurance is essentially an investment behavior, and it is a safeguard measure that may or may not be fulfilled in the future.

To put it bluntly, I bought insurance and didn't go out in the end, haven't I paid the premiums in vain over the past few decades?

However, in the field of risk protection, the so-called "white exchange" is a cognitive misunderstanding.

Why?

If it doesn't show up, is the money really spent in vain?

Should I buy insurance?

In fact, it is necessary to buy insurance for yourself, but how to buy it? The insurance suitable for people of different ages is different, and I wrote in my previous article "Popular Critical Illness Insurance for All Ages".

I have talked about it in detail, and interested friends click on the blue word to read.

Note: The products mentioned in the list have scientific insurance configuration ideas, if you want to know more about the detailed ideas, please click [Insurance Pit Prevention Guide].

Popular products for all ages:

5. [Ranking of popular critical illness insurance for all ages].

5. [Ranking of popular million medical insurance for all ages].

Insurance Pit Avoidance Guide:

2. [This kind of insurance that Chinese have been robbing crazy for more than 20 years, don't buy it!] 2. [Top 10 Critical Illness Insurance Points Not Worth Buying!] 】

Critical illness insurance can help alleviate the financial burden of suffering from a critical illness.

So what critical illness insurance is useful for us is very simple and straightforward.

That is to say, if a person has purchased critical illness insurance, and if he is sick, and the illness is covered by the contract, he can apply to the insurance company for a lump sum payment of the corresponding sum insured, and there is no need to explain the purpose of receiving this expense.

You may be wondering, we have bought millions of medical insurance, and if most of the medical expenses can be reimbursed, there is no need to buy critical illness insurance, right?

The role of medical insurance is different from that of critical illness insurance, in that medical insurance mainly reimburses necessary and reasonable medical expenses, while critical illness insurance can receive a lump sum of compensation once the diagnosis is confirmed.

Friends who don't know much about medical insurance came to make up for the class: "The difference between million medical insurance and critical illness insurance, which one should I buy?" 》

Medical insurance can solve part of the problem of medical expenses without reimbursing the costs of nursing, nutrition, caregivers, etc., and the one-time payment of critical illness insurance can solve these problems well.

Because generally we have a serious illness, not to mention that there is no economic income due to work delays, the cost of nursing, nursing workers, and nutritional products is often relatively high.

If we also have family responsibilities to support the elderly and children, then we need to have a sum of money to cover our daily living expenses after illness.

Although critical illness insurance does not do much when we are healthy, it can be a lifesaver when you are unfortunate enough to suffer from a critical illness, after all, no one can guarantee that they will not suffer from a serious illness for the rest of their lives.

Start with one sentence: If a person can only buy one commercial insurance, then this insurance must be critical illness insurance.

So whether you should buy critical illness insurance or not, I think it will be more comprehensive to interpret it from two dimensions.

Clause. 1. Why you should buy insurance instead of lottery tickets.

Insurance and lotteries are both for low-probability events, but low-probability events can have a huge economic impact once they occur. The 16-year U.S. Power Lottery prize is as high as $1.6 billion, and the three winners are divided equally, and the winner can never work for the rest of his life, which sounds really tempting.

Wenchuan ** let how many families need to start over, 15 years of Tianjin Port**, how many enterprises went bankrupt in an instant, and many years of foundation were ruined.

As can be seen from the above case, the essence of insurance is to provide financial compensation when a small probability risk occurs, so that families and businesses will not fall into trouble or even collapse when they encounter risks. The lottery is a speculative behavior in the hope of "getting rich overnight".

Buying a lottery ticket doesn't necessarily make our lives better all of a sudden, but buying insurance will definitely make our lives more stable and calm.

Clause. 2. The importance of critical illness insurance from a risk perspective.

Insurance companies can accept that the risk is "low frequency, high loss". There are some "high-frequency and high-loss" risks, which are risks that insurance companies will not accept, such as a patient who is ** cancer to buy medical insurance, the insurance company will not sell it to him; Another example is the P2P wealth management platform to go to the insurance company to buy the "backing" guarantee insurance, and the insurance company will definitely not sell it to the wealth management platform.

And for some low frequency, low loss, high frequency, low loss risk. Since the low loss does not have any substantial impact on the economic situation of the policyholder, it is within the range of the policyholder's personal choice. For example, some mobile phone broken screen insurance, low insurance outpatient insurance, etc.

Critical illness is a type of "low-frequency, high-loss" risk, which has its own unique characteristics for various risks encountered by people throughout their lives. Critical illness risk has a clear certainty in this type of risk, because people will grow old and die, and the most common reason for an individual's death is critical illness.

So let's end with the same sentence, if a person can only buy one commercial insurance, then this insurance must be critical illness insurance.

The so-called critical illness insurance covers critical illness, once you suffer from critical illness, not only need to pay for it, but also may not be able to work for several years, resulting in a lot of losses. Once you have certain diseases and meet the claim criteria, the critical illness insurance will give you a lump sum of money, whether it is used for **illness, **nursing, or to repay the mortgage and car loan during the illness.

When purchasing critical illness insurance, you should pay attention to the following aspects:

1. Sum insured. It can cover the losses caused by a critical illness, including ** expenses, ** expenses, lost work expenses, etc. It is recommended to allocate the sum insured to 3-5 years of family expenses, and in the period when family responsibilities are heaviest, you can get adequate protection with a higher sum insured.

It is recommended to start at 500,000 yuan.

2. Duration of protection. The term of insurance is recommended to be guaranteed for life, or for a fixed period of time, but not less than 70 years old. Because the age of 55-70 is the time when the incidence of critical illness increases significantly, especially when family responsibilities are the heaviest, a critical illness insurance protection is needed.

If you have enough budget, it is recommended to keep it for life.

3. Premiums. For example, a 30-year-old male is insured for life, paid for 30 years, and the premium is between 4300 and 5000.

4. Mild and moderate symptoms. Many mild and moderate symptoms are the precursors of serious diseases, and the incidence is high, so it is recommended to be added. From the point of view of premium, the additional mild illness only needs to pay about 25% more, 30-year-old male, 30 years, the premium for life insurance is between 4800-5500.

5. Multiple claims for cancer and multiple claims for critical illness. Cancer is easier to claim than multiple claims for critical illnesses**, so multiple claims for cancer are more practical than multiple claims for major illnesses.

It is still necessary to buy it. Many people think that social security is enough, the scope of social security is limited, and the reimbursement amount is divided into a minimum payment line and a ceiling line. In the unfortunate event of a critical illness, Social Security may not be reimbursed.

Critical illness insurance is a kind of income compensation that protects people's medical expenses and living expenses after suffering from a critical illness. For a more comprehensive explanation of critical illness insurance, please refer to this article:"The Most Complete Interpretation:

What is Critical Illness Insurance? What exactly is the use? 》

The purpose of buying insurance is to transfer the financial risk caused by ** disease, and each type of insurance has its own role.

Although social security and commercial medical insurance can solve the problem of medical expenses, they cannot make up for the financial losses during this time, so there is a need for a fund to solve this problem.

For example, if you buy 500,000 yuan of critical illness insurance, the insurance company gives you a one-time 500,000 yuan, which can be used as a ** expense, or it can temporarily subsidize your family.

If it is an expense, the medical insurance can still be reimbursed after the end.

The money brought by critical illness insurance solves the problem of seeing a doctor in the early stage, and at the same time, it will not put the family into a financial crisis all of a sudden.

Insurance Science: Why Buy Critical Illness Insurance? What does critical illness insurance do?

If I want to buy insurance, I still need to buy critical illness insurance. Because people are getting older, all kinds of diseases come to their door, including some more serious diseases. Once you get seriously ill, if you don't have critical illness insurance, then you can't afford to see a doctor, so it is still necessary to buy a critical illness insurance.

It is correct to buy critical illness insurance, because then you have a serious illness and will be reimbursed for you, so it is correct to buy critical illness insurance.

You can't say whether you need it or not, it's best to look carefully at the terms before buying, which ones belong to the insurance liability, which ones are not compensated, which diseases belong to major diseases, and then decide how to buy and what to buy, which is related to your own interests, don't let others help you make decisions.

Do you want to buy critical illness insurance? It is directly related to your annual income and sustainability.

If you have an annual income of more than 1.5 million yuan and can continue to see it for more than 15 years, it doesn't matter if you buy this critical illness insurance or not.

Insurance is mainly aimed at low-income people.

Whether to buy critical illness insurance mainly depends on the individual's economic level, and the meaning of insurance is to prevent risks that no one can predict in the future.

You can buy it just in case, and it's okay not to sell it, and now there is generally medical insurance.

Serious illnesses plague many families, and many families not only have all their family savings in vain, but also owe a lot of foreign debts due to a serious illness. Critical illness insurance is an effective tool to solve this problem. Its function is to pay for the high medical expenses incurred by the insured due to illness**, and to avoid financial difficulties for the insured family.

Nowadays, many people are afraid of going to the hospital, because the medical expenses are too high, and it is common for small disasters and illnesses to cost thousands of yuan in the hospital, let alone serious diseases. Moreover, young people often do not have that much income and savings, and if they get sick at this time, it will be a huge blow to themselves or their families.

To put it simply, critical illness insurance is to allow a person to suffer a disease blow (harm to physical health) at the same time, so that more money can be made, and less damage to economic health and mental health. Let the money be more, which no one refuses. The main thing is to choose a reliable company and be optimistic about the scope of compensation.

It is still useful to buy a critical illness insurance while you are healthy, there are unforeseen circumstances, who can guarantee a lifetime of good health, in case of illness, it is very troublesome to bear it yourself.

It is necessary, it is necessary to buy critical illness insurance. Here's why:

1. Critical illness insurance is small and broad, and the insurance leverage is high, for example, after paying premiums for several years, in the event of a critical illness, the compensation is directly based on the insured amount, and the actual premium cost is only 10,000 yuan, but the amount of compensation is hundreds of thousands.

3. To solve the problem of nutrition expenses for serious illnesses, once you suffer from a critical illness, plus the follow-up expenses, medical insurance alone will not work, and there is no restriction on the use of critical illness claims.

4. If you buy it when you are young, the premium of critical illness insurance will be cheaper, and you will have less financial pressure if you apply for insurance as soon as possible, and you can also have critical illness protection earlier.

5. Critical illness insurance prevents family members from becoming impoverished due to illness, and once the family economic breadwinner suffers from critical illness, critical illness insurance can pay a sum of money to ensure the normal operation of the family.

6. Critical illness insurance is a fixed amount of insurance, which can be superimposed.

7. Whole life critical illness insurance has a savings function, such as applying for insurance when you are young, with the increase of age, the cash value will gradually increase, and the cash value can exceed the premium paid in the later stage, and you can surrender the policy for cash.

8. The exemption liability of critical illness insurance can protect the rights and interests of the insured, such as the insurance of children's critical illness insurance, there is an exemption from the policyholder, once the parent as the policyholder has a critical illness, the follow-up premium does not have to be paid, but the protection continues to be effective.

9. Critical illness insurance can solve some special expenses, such as organ transplant material costs, which are not covered by medical insurance.

10. The sum insured of critical illness insurance is clear, and the amount of insurance paid is how much you buy.

11. Critical illness insurance can be loaned by policy, because long-term critical illness insurance has cash value, and financial pressure can be alleviated through policy loans.