What is periodic critical illness insurance? And how to choose lifelong critical illness insurance?

Critical illness insurance refers to a commercial insurance behavior in which the insurance company pays the insurance money according to the insurance contract when some major diseases such as malignant tumor, myocardial infarction and cerebral hemorrhage occur as risks and the insured reaches the state of major diseases agreed in the insurance clauses.

And regular critical illness insurance means that the guarantee period is regular critical illness insurance. For example, 20 /30 years, or 70 /80 years and so on.

Critical illness insurance, but not necessarily life insurance.

Critical illness insurance can be roughly divided into periodic critical illness insurance and lifelong critical illness insurance according to the guarantee period.

The significance of lifelong critical illness insurance You should understand that the protection period provided by regular critical illness insurance is generally 10, 20, 30 years or until 70 or 80 years old.

So, is the protection period of critical illness insurance lifelong or regular?

This should be based on our needs and budget.

For the same product and under the same insurance conditions, the premium of life-long critical illness insurance is more expensive than that of regular critical illness insurance.

If your budget is limited, you can choose regular critical illness insurance. If you have enough budget, you can solve the critical illness protection in one step.

After the term critical illness insurance expires, it is relatively difficult to insure critical illness insurance at that time because of the age of the insured. This is its deficiency, and I hope everyone will fully consider it.

Of course, regular critical illness insurance or lifelong critical illness insurance also needs to consider many factors, such as product guarantee, the strictness of health notification and so on.