You can buy the following insurance for your parents:
A comprehensive accident insurance
With the age getting older, it is easy to induce fracture and other accidental injuries, so buy an accident insurance for your parents, it is very necessary.
Accident insurance is generally inexpensive, 500,000 coverage, only about 200 yuan a year, whether it is a life accident, or traffic accidents, it can be reimbursed, if the accident led to physical disability or death, but also direct compensation for a sum of money.
Two, million medical insurance
Parents around 50 years old, if the body is very healthy, you can give priority to buy a million medical insurance for parents.
You can be reimbursed for the medical expenses incurred in hospitalization, especially for major hospitalization, up to a maximum of millions.
Cancer, stroke, acute heart attack and other major diseases, many of which are "longevity diseases", as people get older, the likelihood of getting these diseases is rapidly increasing, so it is very necessary to buy your parents a million medical insurance,
This is the first time that you have to buy a medical insurance policy.
If you're not in good health and can't afford to buy a medical insurance policy, you may want to consider getting a cancer insurance policy.
The cancer insurance can be understood as a streamlined version of the million-dollar medical insurance, which only covers cancer, and the payment method is the same as that of the million-dollar medical insurance, which is to see the doctor first and then be reimbursed.
Three, wholesale pension annuity
If the parents did not prepare for the pension in advance when they were young, and waited until they were 50 years old and had a lot of money in their hands, then they remembered to prepare for the pension.
This time, you can consider using single payment (or pay in 3/5 years) to prepare for the pension annuity.
Don't think about buying critical illness insurance for your parents. On the one hand, you may not be able to buy it due to your health, and on the other hand, if you can buy it, it may be very expensive and not cost-effective.