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

Many people think that the probability of suffering from a major illness is very small, according to the statistics of the Ministry of Health, the possibility of suffering from a major illness in a lifetime is as high, and once suffering from a major illness, it will cost a high amount of medical expenses, and the cost of pre-surgery is generally more than 200,000 yuan, which does not include the follow-up **** fee, nutrition fee, income loss and so on caused by major illness. Most families in China find it difficult to afford these high costs, and once a family member suffers from a serious illness, they may fall into financial difficulties for the rest of their lives. As Dr. Barnard, the founder of critical illness insurance, said, a doctor can only save a person's physical life, and insurance can save a family's economic life.

Therefore, if you buy critical illness insurance, you will be able to get the insurance amount paid by the insurance company as long as you suffer from a critical illness. Therefore, critical illness insurance must be bought, and the sooner you buy it, the cheaper it is.

Critical illness insurance is still more suitable for the general public of a kind of insurance, can be insured millions of medical treatment, an annual premium of insurance, the annual premium is only a few hundred yuan, ranging from more than 1,000 yuan, and the age of the insurance is related, as a supplementary insurance for medical insurance.

Understand consumption-based critical illness insurance, return-based critical illness insurance, and savings critical illness insurance in 3 minutes!

Many people don't understand the difference between these three, so let's break it down today in combination with the product liability of critical illness insurance.

Depending on whether the death benefit is included and whether the premium will be refunded at the end of the contract, critical illness insurance can be subdivided into three types: consumption, savings and refund.

Combined with product liability we can see:

Depending on whether the death benefit is included and whether the premium will be refunded at the end of the contract, critical illness insurance can be subdivided into three types: consumption, savings and refund.

Consumption-based critical illness insurance: that is, the cost is consumed before the insurance expires.

Depending on whether the death liability is covered, it can be further subdivided into two categories:

Pure consumption-based critical illness insurance: excluding death, only the sum insured will be paid if you suffer from a critical illness, and if the insurance is not out when it expires, the cost will be consumed. The advantage is that it is flexible, and the insurance period and content can be freely selected, such as whether there is a mild illness or not, whether there is an exemption from liability, etc.

Savings Critical Illness Insurance: Covers death liability, regardless of death or critical illness, it can pay the sum insured, which is generally a lifelong benefit. Because people eventually die, the cash value of the insurance will be higher in the later stage, and the insurance can also be surrendered as a pension in old age.

It should be noted that if the critical illness is claimed first, the endowment critical illness insurance will no longer enjoy the death benefit, so it cannot completely replace life insurance.

Return-type critical illness insurance: that is, everyone often understands that "money is given when you are sick, and money is returned when you are not sick", usually with death benefit and maturity payment, if it is a regular benefit, the sum insured or premium will be returned when the contract expires; In the case of a lifetime benefit, it can be agreed that the premium will be refunded at a certain point in time, such as at age 88, but the contract is still valid.

Generally speaking, the same protection liability, ** pure consumption-based critical illness insurance "savings critical illness insurance" "return-based critical illness insurance".

Therefore, Dabai recommends that you buy pure consumption-based critical illness insurance, and the money saved can be left for other family members to make insurance allocation, or used for financial management, self-investment, etc.

2. How to determine the sum insured and the insurance period? The more diseases, the better?

How to determine the amount of critical illness insurance?

The principle is that the sum insured should at least be able to cover a larger part of the ** cost in order to achieve the purpose of transferring risk.

There are data: the average cost of a single hospitalization for cardiovascular surgery patients over 18 years old is 10,000 yuan, with a maximum of more than 1.5 million. Of course, considering that medical insurance can cover part of the expenses, it is generally recommended that the insured amount of commercial critical illness insurance be at least 300,000.

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 to buy. Critical illness insurance is a kind of insurance purchased for critical illness, which can help protect the medical expenses and living expenses of individuals when they suffer from a critical illness, for many people, it is very necessary to purchase critical illness insurance, the following are the reasons: [Click to get a free 1-to-1 insurance consulting service].

First, critical illness insurance can help alleviate financial stress. Many critical illnesses can require long-term illnesses, high medical bills and loss of income, putting a family's financial strain on their finances. By purchasing critical illness insurance, you can fully protect your family's financial security and reduce your financial burden.

Secondly, critical illness insurance can provide better medical protection. Critical illness insurance can help cover the high medical costs associated with a critical illness, which can be extremely costly for many patients with critical illnesses. Purchasing critical illness insurance can ensure better medical protection and more professionalism in the event of a critical illness**.

Third, critical illness insurance can provide psychological protection. Purchasing critical illness insurance can give people more confidence and courage to face their illness and reduce their psychological burden.

Fourth, buying critical illness insurance can avoid financial pitfalls. Some people even go into debt when they face a critical illness because they fail to have adequate health insurance or other forms of insurance. If you take proactive steps and purchase critical illness insurance, you can avoid financial pitfalls and give yourself more confidence and stability in the face of health risks.

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