The subject, I will first give you a popularization of the idea of insurance, because as the subject you said, "based on the perspective of responsibility for the family", so I think that only configure the accident insurance and medical insurance, then, can not do a very comprehensive protection. What are some good medical insurance policies? Which one is worth buying? Take a look at the top 10 hot insurance policies from insurance companies this year: 2020 Update! Top 10 insurance companies list of popular medical insurance
I hope the following insurance configuration ideas will inspire the subject you.
Step 1: Set a budget.
Based on their own and their family's income, expenses and spending
Find a suitable, will not become a burden of the "number"
Once upon a time, often said that the premiums accounted for 10% of the annual household
But in reality, many cases do not apply, 10% of this figure is sometimes still too large.
I always recommend cost-effective products
Save where you can, no one's money comes from the wind
No one should ever have to reduce their quality of life by buying insurance.
But if the budget is too low, it means that the coverage will be "missing".
The second step: determine the amount of coverage.
Critical illness insurance: treatment costs + loss of income due to inability to work + rehabilitation costs.
Generally speaking, adult critical illness coverage is 500 - 800 thousand.
Term life insurance: debt (mortgage, car loan, arrears) + daily expenses (children's education, the cost of supporting the elderly)
Tier 1 and 2 cities recommend a sum insured of 100w-150w, tier 3 and 4 cities the sum insured can be slightly reduced;
Accidental insurance: the higher, the better, basically not expensive.
Medical insurance: the amount of coverage of the million medical insurance is enough, whether it is 2 million, 3 million, 6 million actual difference is not big.
The third step: to determine the duration of protection
Critical illness insurance is actually necessary
But if the budget is limited
Preliminary can be configured to the age of 70 years old, and then slowly make up for it.
Or use a combination of 300,000 lifetime + 200,000 term, saving money and comprehensive.
Term life insurance can be bought directly to the age of 60, after all, that time no longer bear the obligation of the family breadwinner
Medical insurance can not guarantee permanent renewal, the longer the better;
Not recommended to buy long-term accident insurance, the cost-effective is not high.
The fourth step: set the configuration order
Divided according to the degree of risk, the four major problems that have the greatest impact on life is "death, disease, injury and disability"
So term life insurance>critical illness insurance>medical insurance>accident insurance
Of course, this order is not comprehensive
Need to adjust the order according to their own needs
This order is not comprehensive
We need to adjust the order according to our own needs
This order is not comprehensive.
For example, if you think about things differently
you may think that medical insurance > accident insurance > critical illness insurance > life insurance.
In any case, whichever order you choose, find the one that suits you best, identify your top needs, and configure them in order
to prevent ending up in a situation where you don't have enough budget.
Since we're done talking about insurance configuration ideas, we're talking about tips for choosing each type of insurance.
1 life insurance
"Standing is a money printing machine, down is a pile of yuan."
If you are the breadwinner of your family
then remember to make sure you have term life insurance.
Whole life insurance is more suitable for high net worth people to buy
They have money, the need to pass on assets, and the need to avoid taxes and debts.
And term life insurance is really for people like us, it protects earning power, protects family assets, and protects outstanding loans.
Term life insurance is simple in form, and the main things to focus on when picking one are health notices, exclusions, coverage and price.
2 Critical Illness Insurance
Critical Illness Insurance as one of the most complex types of insurance
Buy consumer-type critical illnesses do not buy return-type critical illnesses;
Buy until 70 years old when the budget is limited, and then buy insurance for life when there is no economic pressure;
Family with a history of illness can choose multiple payout critical illness;
Buy insurance is to buy the amount of coverage, must be the amount of insurance
It's not important whether or not it contains death liability, the key is to look at other protection;
Additional minor illnesses, moderate illnesses and premium waiver is more comprehensive.
3 accident insurance
Adult accident insurance need to consider the type of occupation
such as frequent business trips on the plane, often drive, often stay up late to work overtime or engage in a number of high-risk occupations, the focus of the protection as well as the price of the premium is not quite the same, you need to make the appropriate judgment based on their own needs and circumstances.
But overall, the common accident insurance cover three kinds:
Accidental death, accidental disability, accidental medical;
So the budget allows the higher the better, including death, total disability, additional accidental medical more comprehensive.
4 medical insurance
Medical insurance is divided into small medical insurance and million medical insurance
With critical illness insurance can not replace the medical insurance
The two are complementary to each other, each other's relationship.
Million-dollar medical care is generally not limited to diseases, social security, hospitalization can be reimbursed, the reimbursement rate is high.
It is recommended to choose long-term medical insurance with good renewal conditions.
When purchasing medical insurance
Focus on the amount of coverage, deductible, reimbursement scope, reimbursement rate.
About return type and consumer type
Return type critical illness insurance premium is expensive, under the same protection conditions, consumer type critical illness occupies absolute advantage.
After decades of inflationary erosion, the money returned by refundable critical illness insurance has long been worthless.
In the end, no one can guarantee that they will not get sick until they are 70 or 80 or 88 years old, just waiting for the money to expire.
There are also people who will make the premium increase and go for a lower sum assured in order to return the premium, which is very undesirable.
Do not forget what the original purpose of buying insurance is, to protect against risk is the focus.
Let protection be protection and finance be finance.
Lastly, in fact, the water of insurance is still quite deep, if only half-knowledge, it is easy to step on the pit, must have some general knowledge of insurance, if it is too much trouble, you can directly look for an insurance broker, so that he customized a set of insurance strategy for you.
You know what I mean~
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