The snail would like to start by asking you a question: what do you think insurance actually covers? What is the reason you buy insurance in the first place? To protect life? To protect against death? To protect against illness?
En, to protect life, death and disease is indeed a goal of insurance, to protect death and disease is commonly used, if used to protect life, it involves financial management, is the late insurance companies in order to satisfy people's greed and design. So the real insurance is: to protect death and illness.
Today, the snail gentleman will first analyze how the insurance is to insure the death, that is, the risk of death:
Death protection should be placed in the order of the insurance protection of the ace position, the first consideration, especially the family breadwinner. Then the risk of death can be covered by which insurance? Term life insurance and exclusive accident insurance is the best choice! Then who is between the two Bur, who is the middle?
01What is the relationship between accident insurance and term life insurance?
The snail thinks that people are very, very conscious of insuring against death. Often a young man in his twenties said: "I want to buy an accident insurance", I asked him: "Why do you want to buy an accident insurance", he said: "In case I hang up how to do? What about my parents? Or what about my wife and children?" It can be seen in his consciousness "hanging" is the vast majority of accidents.
In reality, accidental deaths account for less than 3% of deaths, and more than 97% of deaths are caused by illness or other reasons, so if you want to insure against death, then you must choose term life insurance rather than accidental insurance.
02 How high should you buy term life insurance? How high should you buy accident insurance?
Generally, if your term life insurance has been bought in full (more than 10 times the annual income), then you can not go after the high amount of accident insurance, this time to buy accident insurance is mainly a function of accidental medical treatment, so accident insurance to buy a 100,000 coverage will be able to spend a 100 or so dollars a year.
If, due to your budgetary problems, your term life insurance can not buy 10 times the amount of coverage, this time to buy a 8 times or so, the rest to buy an accident insurance to replace can?
It's not really a replacement role, it's a supplemental role. That is, you feel as if you are amplifying this coverage, but in fact it is a supplement with an amplification of coverage for a low probability event.
The usefulness is of course useful, but not as useful as all the term life insurance, and most of the term life insurance is for the family breadwinner to buy, if the non-breadwinner, full-time wife, there is no income, from the insurance sense, there is no significance of the death of the protection, then this time to the non-family breadwinner configuration of a high amount of accident insurance, but also is a better choice. The first thing you need to do is to get an accident insurance policy for the non-family pillars. So the choice between accident and term life insurance, in fact, is divided into different family roles.
-For the breadwinner of the family, term life insurance is definitely a priority. When you buy enough term life insurance, the accident insurance is just a supplemental accidental medical role.
-For the non-breadwinner, if you don't buy term life insurance, then the accident insurance is to buy a slightly higher amount of coverage, the amount of coverage to 500,000 or more than 500,000, is a more reasonable value.
Additionally, if you travel a lot, you need to add a traffic accident insurance. The general price of transportation accident insurance, such as 100 dollars can be insured to more than 5 million aviation accident, 100 dollars can be insured to 1 million land accident, you can refer to this price.
For people who drive a lot, you can buy a driving accident insurance, 88 dollars a year can buy 500,000 coverage.
For people who travel a lot, you can buy a travel accident insurance. So the addition of this other accident insurance is entirely up to your own personal circumstances.
What about for kids?
03Should kids get accident insurance or term life insurance?
Of course kids should get accident insurance. The purpose of term life insurance is to prevent the death or total disability of the person with the highest income who has the most responsibility in the family, which may cause unbearable impact on other family members.
From the rational analysis of insurance, children actually have no family income, so children have no economic negative impact on the family. But children are prone to bumps and bruises, often go to the hospital to sew a little and so on, then the accident medical care is very important, so the children must have accident medical accident insurance.
The probability of a child under the age of two, or four, falling ill is still quite high, and it is possible to be hospitalized for a minor illness, and this time, you should buy a separate hospitalization accident insurance. But this kind of single buy hospitalization accident insurance price is relatively high, if it is attached to the long-term insurance is also relatively high, then how to do?
Snail Jun tell you a very tricky way. Snail gentleman found a lot of children's accident insurance directly above a hospitalization medical, and it has nothing to do with the accident, as long as the sick can go to the reimbursement.
So buy a children's accident insurance containing hospitalization medical, children have a small illness, bumps and bruises of the problem will be perfectly solved.
For children, this accident insurance coverage does not have to be high, 30,000-50,000 is a very high number, 10,000 or less is also possible. Because usually when you buy for children, you will also give him a high deductible medical insurance, these two together is the perfect program.
04How to buy accident insurance for the elderly?
Buying accident insurance for older parents, we should focus more on accidental medical coverage. After all, parents are getting older, their legs are not as convenient as when they were young, and their reactions are slower, so it's quite easy to encounter things like broken bones.
Accident insurance has little to do with health, even at the age of 80, it is still possible to buy, for the elderly, it is the easiest type of insurance to buy.
Above.
(Insurance professional anti-pits, see snail gentleman Zhihu number: snail said insurance)
Extended reading: insurance how to buy, which is good, hand in hand to teach you to avoid the insurance of these "pits"