The probability of each person suffering from 25 major illnesses (hereinafter referred to as critical illnesses) in his or her lifetime is quite high, with an average of more than 70% for both men and women, so critical illness insurance seems to be a "necessity". But is lifelong critical illness insurance really a "lifetime insurance" as so many people expect? For ease of calculation, assuming that the price of medical services and the same rate of increase in the inflation rate of 3.6%, 30 years old to buy 300,000 / 500,000 insurance amount of critical illness insurance, 70 years of age when the claim, then after 40 years of 300,000 is equivalent to only 75,000 (500,000 is equivalent to 125,000 now). What is the key to critical illness insurance that is not clear to the layman? -Knowledge User Answers - Knowledge Insurance is purchased in the order of Social Security, Accident, Medical, Term Life, Term Critical Illness, Whole Life Critical Illness, Annuity, Universal Life, Investment-linked, Whole Life. Most people don't have much money for the later ones after they buy the first ones because they get more expensive as they go along, but that's why they like to sell them from back to front.
Author: Master Cai
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Source: Zhihu
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