What insurance is suitable for people over 60 years old?

What kind of insurance is suitable for the elderly over 60 years old to buy depends on the specific situation. There are three main types of insurance to consider: accident insurance, million medical insurance and cancer insurance.

1. Accident insurance.

The elderly have inconvenient legs and feet, osteoporosis, and are prone to accidental falls and fractures. Therefore, it is more practical to buy an accident insurance for your parents.

2. Million medical insurance.

As parents get older, their physical functions gradually deteriorate, and many common diseases and chronic diseases of the elderly have also come to the door. Therefore, when we buy insurance for our parents, it is necessary to have a million-dollar medical insurance.

3. Cancer insurance.

The elderly are a group with a high incidence of various major diseases, and it is recommended to purchase a critical illness insurance for parents if economic conditions permit.

However, the age of 55 is a threshold for critical illness insurance. If you want to buy critical illness insurance over the age of 55, the premium will be very high, and it is easy to invert the premiumMoreover, the health notice is relatively strict, and it is difficult for the elderly to successfully apply for insurance.

Therefore, if you can't buy critical illness insurance, you can choose cancer insurance instead. According to the claims reports of major insurance companies, cancer accounts for more than 60% of the claims for critical illnesses, and cancer insurance can also give parents good protection.

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Hello!As for the question of what insurance is suitable for the elderly over 60 years old, I think the most suitable insurance for the elderly over 60 years old is accident insurance and cancer prevention medical insurance.

If you don't know how to buy these two types of insurance, you can click to make an appointment for [1-to-1 Insurance Planning Service].

Deep Blue Insurance Dedicated Insurance Brokers will provide you with professional advice.

First of all, there must be medical insurance, medical insurance is the most basic guarantee, if the elderly in the family do not have employee medical insurance, you can buy resident medical insurance (NCMS also belongs to medical insurance).

Once you have basic health insurance, you can purchase insurance in the following order within your budget:

Accident insurance: It is very common for parents to be old and inflexible in their hands and feet, so it is necessary to buy an accident insurance.

Medical insurance: The elderly have poor physical resistance and are prone to illness, and medical insurance has a reimbursement amount of millions every year, which can effectively deal with the risk of serious illness.

All in all, accident insurance must be bought for the 60-year-old, and millions of medical insurance can be bought as much as possible, and cancer prevention medical insurance cannot be bought.

60-year-old people are also afraid of wrestling, old arms and legs, falling is a big problem, not so easy to get better.

Whether it is an accident or an illness, the most worrying thing is the medical expenses, so two types of insurance are indispensable, accident insurance and medical insurance.

Some 60-year-olds are quite rich, spend less, and are reluctant to spend, and always want to leave it to future generations, so whole life insurance is also a good choice.

In short, it is recommended to buy accident insurance + medical insurance if you rely on your children to protect you, and if you pay for it, you can buy a whole life insurance as a wealth inheritance if you have extra money.

But there is one biggest problem, many elderly people have high blood pressure, and medical insurance cannot be bought, so you can settle for the next best thing and buy cancer medical insurance.

Why don't you recommend critical illness insurance?

1. Many critical illness insurance companies have age restrictions, and the products that 60-year-olds can buy are very limited.

2. The premium is expensive, the leverage is low, and even the premium is inverted (the cumulative premium paid is higher than the money lost in critical illness).

3. The amount of insurance that can be purchased for critical illness is very low, usually not more than 150,000, and the payment period is very short, 10 years or 5 years.

In short, even insurance companies don't like to develop insurance for the elderly, and insurance companies don't think it's suitable to buy critical illness.

If you have a lot of money, you can buy lifelong cancer insurance, lose money for cancer or not cancer, and pay money to the beneficiary in death, which can be used as your own cancer protection or for wealth inheritance, killing two birds with one stone.

How to choose accident insurance?

Accident insurance covers death, disability, accidental medical treatment, hospitalization allowance, etc.

In fact, the death compensation for the elderly is not too important, and the children grow up, and they do not expect the death compensation of the elderly, but the accidental medical treatment should be focused on.

How to buy medical insurance?

The elderly must take health care seriously when buying medical insurance, the elderly are more or less physically abnormal, and they must carefully check whether they can buy medical insurance, blindly buying may not be able to make a claim, in reality, there are many cases, children are confused to buy medical insurance for the elderly, and the insurance company found that many abnormalities or diseases are not truthfully informed, and the final result is to refuse to pay.

If you can't buy medical insurance, you can see if you can buy cancer medical insurance, if you can't buy cancer medical insurance, you can only solve it through savings.

Seniors over the age of 60 are generally more suitable to purchase the following insurance:

1.Accident insurance: The elderly over 60 years old are relatively more likely to have accidents, so you can consider taking out accident insurance to ensure accidental death or disability, accidental medical treatment, etc.;

2.Critical illness insurance: There are relatively few critical illness insurance products that the elderly over 60 years old can choose from, but as long as they can pass the health notice, the premium will not be upside down, and it is more cost-effective to use critical illness insurance to protect malignant tumors and other serious diseases;

3.Cancer prevention insurance: Compared with critical illness insurance, the health notice is more lenient and mainly protects against malignant tumors;

4.Inclusive Commercial Supplementary Medical Insurance: Most of them can be purchased as long as they have local medical insurance, except for health, age, etc.;

5.Life insurance: The payment of insurance benefits is mainly based on the survival or death of a person. However, due to the older age of the elderly over 60 years old, the speed of return should also be considered when applying for life insurance, especially when adding whole life insurance;

6.Million Medicare: Seniors over the age of 60 have relatively few million health insurance options available, but the health notice for millions of Medicare is relatively relaxed.

It is recommended that you can buy millions of medical insurance insurance online for smart underwriting, and even if the underwriting fails, it will not leave a record;

7.Micromedical insurance: Seniors over the age of 60 may have some minor problems, and it is recommended to consider taking out micromedical insurance to deal with the risk of minor illnesses.

Summary. 1) Accident insurance The risk of accidents for the elderly is still very high, and if you accidentally fall and break a bone, you may have to stay in the hospital for more than half a year, which has a great impact on the whole family. If you have an accident insurance, then the expenses incurred during the hospitalization can be reimbursed; If you end up disabled because of this accident, the insurance company will also pay a disability benefit.

Overall, accident insurance can pay you a sum of money if something happens to you. However, it should be noted that the age of 65 is a watershed moment for the sum insured of accident insurance.

Before the age of 65, you can buy 1 million insurance amount, and after the age of 65, you generally only have 10-300,000 insurance amount, which is not too high.

1) Accident insurance The risk of accidents for the elderly is still very high, and if you accidentally fall and break a bone, you may have to stay in the hospital for more than half a year, which has a great impact on the whole family. If you have an accident insurance, then the expenses incurred during the hospitalization can be reimbursed; If you end up disabled because of this accident, the insurance company will also pay a disability benefit. Overall, accident insurance can pay you a sum of money if something happens to you.

However, it should be noted that the age of 65 is a watershed moment for the sum insured of accident insurance. Before the age of 65, you can buy 1 million insurance amount, and after the age of 65, you generally only have 10-300,000 insurance amount, which is not too high.

2) Medical insuranceMedical insurance is the most powerful supplement to medical insurance. There are many restrictions on the reimbursement of medical insurance, such as targeted drugs for cancer, special drugs, imported drugs and other expensive drugs, which cannot be reported, and can only be paid for by themselves. However, medical insurance has high requirements for age and health, and there are not many medical insurance products that can be bought for the elderly over 60 years old.

You can take a look at Thai Medical Insurance 2020 and Pacific Comfort Million, the maximum insurance age is 65 years old, and the elderly who meet the health notice can buy it as soon as possible.

It is most suitable for 60-year-olds to buy endowment insurance.

Pension Insurance Introduction:

Endowment insurance, the full name of social basic endowment insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers after reaching the working age limit for releasing labor obligations stipulated by the state, or after retiring from labor positions due to old age.

Endowment insurance is an important part of the social security system and one of the most important types of social insurance. The purpose of endowment insurance is to ensure the basic living needs of the elderly and provide them with a stable and reliable life**.