① Regular critical illness insurance: provide protection within a fixed period of time. Time is fixed.
② Lifelong critical illness insurance: provide lifelong protection. Time is lifelong (there are two forms of lifelong protection: 1: until death 2: until the limit age (such as 99 years old))
Periodic classification
① Consumption type: in popular terms, it means paying 65,438+00 years to guarantee 65,438+00 years, paying for the disease, but not paying for the disease. The premium paid will be consumed and the contract will be terminated.
2 Return type: commonly known as savings type. Pay 30 years 10, you will be compensated if you get sick, and you will be refunded if you don't get sick for 30 years. (There may also be birthday payment, due payment, and the returned premium is similar to the paid premium. As long as there is a return, it is the return type. )
Lifelong classification
① Consumption type: life-long guarantee, but there is no major illness in life, and the premium paid is non-refundable. Products: Hongkang Healthy Living
② Traditional type: lifelong serious illness+whole life insurance, which can be compensated as long as the responsibility is not excluded. Advantages: the value of loss point can be obtained. The time to get the insured amount is not necessarily; Eat when you are seriously ill and eat when you die. The cash value is developing to the insured amount, which will exceed the total premium paid, but will not exceed the insured amount. Products: healthy life in China
3 Return type: you can choose to return the premium at a certain age to ensure that it will remain valid for life. If you are ill, you will be insured. The cash value will exceed the total premium paid, and the development to the insured amount will eventually exceed the insured amount. The Great Wall is healthy for a lifetime; Tianan Healthy Source No.2; Huaxia Happiness is in China
How to choose?
Consumption oriented
superiority
1: low premium and high leverage.
2. Flexible premium payment
disadvantaged
1: The premium is non-refundable, and only when you are sick.
The insured amount is fixed, and it may be worthless after a few years, which is completely insufficient.
3. The insurance premium increases with age.
Returning
Advantages:
1: The insured amount is increasing year by year, which can effectively resist inflation.
2. The insurance premium can be refunded. You can use the cash value to surrender.
Disadvantages:
1. The premium is relatively high.
2. Low leverage in the early stage.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.