What is the right insurance for a 50 year old rural senior citizen?

First of all, very much appreciate the filial piety of the subject, and also praise for the subject's insurance awareness! However, always believe that protection and financial management should be separated. Protection to protection, financial management to financial management.

When it comes to my parents' generation, it is a hardworking and simple generation.

But as they grow older, their physical functions gradually decline and they are even prone to minor ailments.

Today we will talk about the 50-year-olds and how they should utilize insurance to protect themselves.

These types of insurance are suitable for the 50-year-old people configuration 50-year-old people can be so built protection system summary

01 These types of insurance are suitable for the 50-year-old people configuration

To build a reasonable protection system for the 50-year-old people, it is necessary to first understand this type of people can buy what kind of insurance.

Sorted separately, there are the following categories:

↓↓↓↓

1, the national health insurance

Important index: ★★★★★

Recommended index: ★★★★★

Medicare is a national welfare given to everyone, has been strongly recommended that everyone is configured on.

While many imported and out-of-pocket medicines are not covered, and there are limitations such as reimbursement thresholds; however, when you visit the doctor for a usual fever and cold, you can basically be reimbursed for these expenses through medical insurance. For the health insurance reimbursement strategy, I happen to organize the relevant content, I hope to help you: 2020 national social security health insurance application reimbursement process!

Even for major medical treatment, Medicare can reimburse some of the basic costs.

It does take a big part of the burden off of us when it comes to treating illnesses.

Many commercial medical insurance policies tend to be twice as expensive for policyholders who are not equipped with medical insurance, and the reimbursement rate is only about 60 percent.

The importance of medical insurance is self-evident, in a word, medical insurance must be matched!

2, life insurance

Importance index: ★★★

Recommendation index: ★★★

The main role of life insurance is to fight against the risk of early death of the family breadwinner.

Always appreciated this type of insurance, great role, low price, high leverage.

But for the 50-year-old crowd, this insurance is a bit awkward.

After all, unlike adults in their 30s, they have decades ahead of them to act as the breadwinner of their family; and their children may be in school or just graduated and not really financially independent.

But for a short time, 50-year-olds will still need to act as breadwinners.

With a limited premium budget, it is still advisable to prioritize the allocation to the child who will soon become the breadwinner.

Of course, 50-year-olds who allocate life insurance can ensure that this time period can be a smooth transition by shortening the coverage period, such as insuring up to age 60/70.

Provided that the budget is adequate.

Recommended products: Hua Gui Daimai 2020, Sunshine Maiman points

3, critical illness insurance

Importance index: ★★★★

Recommendation index: ★★★★★

According to the data of the Banking and Insurance Commission (CIRC), the age of 50-70 years old is the high incidence of critical illnesses.

That is to say, people in their 50s are stepping into this stage of high incidence of serious illness.

Insurers are well aware of this.

In the design of the product, the sum insured for this group of people is not high, it is good enough to have 300,000 dollars.

But according to claims data from insurance companies, the average cost of cancer treatment is now as high as $400,000;

it is difficult to combat the risk of a major illness without adequate coverage.

And critical illness insurance is the most expensive of the protection types of insurance, especially offline products, the total premium for 50-year-olds is close to the sum insured.

With that kind of leverage it would be better to put that money in the bank and take it out when you need it.

As with life insurance, it's still advisable to put your money where your mouth is when you have the budget or opt for some relatively cheaper products online.

Recommended products: Kunlun Health Insurance Critical Illness Insurance (version 2.0), Ruita Super Mario Critical Illness Insurance (universal version)

More Critical Illness Insurance Product Reviews: This session of the new Critical Illness Insurance "release", which products are worth a look?

4, medical insurance

Importance index: ★★★★★

Recommendation index: ★★★★★

For the 50-year-old people, this is one of the most important types of insurance.

Especially the Million Dollar Medical Insurance.

Disease risk is the main risk they face, and relying solely on national health insurance coverage seems a bit insufficient;

And the price of critical illness insurance is very expensive, which will take up a large portion of the family's premium expenses. For the average family is a great burden, not conducive to matching a reasonable protection system.

Million dollar medical insurance is the best choice.

At a price of about 900 dollars per year, there is 3 million protection;

At the same time, you can also enjoy the value-added services such as proton heavy ion, medical green pass, tumor special drugs.

With the national health insurance, even if a serious illness comes, the vast majority of the treatment costs will be reimbursed.

However, the health notification for medical insurance is quite strict, and many products have restrictions on the age of enrollment.

If purchased, they can often be renewed up to age 100, but be warned, this is not a guaranteed renewal.

Anyway, it's still a good idea to have one of these policies for them.

Recommended products: ZhongAn ZongAn ZunXian eSheng 2019 PingAn eShengBao 2020

More medical insurance product evaluation: 2019 net red million medical insurance evaluation, which Ta is more suitable for you?

5, accident insurance

Importance index: ★★★★

Recommendation index: ★★★★★

Accident is the 50-year-olds need to face, the probability of second only to the risk of disease.

As mentioned at the beginning of the article, their physical functions are declining and their legs are starting to fail them.

Going up and down the stairs, going out for a square dance, are all prone to bumps or sprains.

Death, disability and even sudden death due to accidents (some accident insurance policies include this feature) can be covered by accident insurance, which can act as part of life insurance.

Best of all, accident insurance costs just over 100 bucks a year for hundreds of thousands of dollars of coverage.

I believe that for the vast majority of families, an annual premium of $100 or so is not a burden.

But it is important to note that some of the returnable accident insurance policies on the market only cover total disability and death, and general disability is not covered.

And only certain specific traffic accidents will have super-high coverage, which is often of little significance to the general public.

Recommended products: Asia-Pacific Superman Accident Insurance, Bee Comprehensive Accident Insurance

More Accident Insurance Product Reviews: Cost-effective accident insurance looks like this

6, annuity insurance

Importance Index: ★★★★

Recommendation Index: ★★★★

Annuity insurance is not strictly speaking a type of insurance that protects you, but rather a financial type of insurance.

Annuity insurance is not strictly a protection insurance, but a financial insurance.

If people in their 30s and 40s should start thinking about old age, then people in their 50s can be said to be ready to enter the stage of old age.

Annuity insurance reaches a certain point in time, the insured can receive a sum of money every year, and pure annuity insurance can often be received for life.

It is much safer and more stable than high-risk investment options such as P2P.

If you want to make a sound investment and live a decent retirement life, you can allocate annuity insurance.

It is recommended that you try to choose pure annuity insurance without a universal account.

After all, the actual return of the universal account is greatly affected by the external economic environment, and the beginning of 2020 has been so difficult ......

Additionally to clarify, the universal account needs to be funds have been in the account value-added, take out halfway through the word, it will make the overall return greatly reduced.

In comparison, pure annuity insurance gives the insured a pension every year, which is more likely to achieve the goal of a decent retirement.

Recommended product: China Merchants Trust in life A pension annuity insurance

7, cancer insurance

Important index: ★★★★

Recommended index: ★★★★

As the name suggests, cancer insurance is for cancer protection insurance, generally divided into cancer critical illness insurance and cancer medical insurance.

The former can be paid when cancer is diagnosed, and the latter reimburses the cost of cancer treatment.

This type of insurance is more like a "replacement" role.

Anyone who has been in touch with insurance knows that a health declaration is required for a successful policy.

The 50-year-olds, who have more or less the same medical history, may not find it easy to buy the usual medical and critical illness insurance.

Cancer insurance health notification is very relaxed, the "three high" people can be insured, although the scope of coverage is limited to cancer.

But cancer is still the number one killer of human health.

The 50-year-olds, if they cannot be covered by critical illness and medical insurance, may want to consider cancer insurance.