Should health insurance be paid 15 or 20 years?

Whether health insurance is paid 15 or 20 years depends on the specific situation. At present, the payment period of health insurance in the market is generally wholesale, 3 years, 5 years, 10 years, 15 years, 20 years, 30 years, which is relatively common, of which 15 years is relatively common. Introduce the reason:

1, 20 years can reduce the payment pressure.

If you choose to pay in 20 years, the annual premium will definitely be much lower than that paid in 10, which can reduce some expenses and bring less burden to yourself in case of economic crisis.

2. The leverage effect is better.

Choosing 20-year payment means that the annual cost is smaller, but you can get the same protection as 10 payment, which means that low payment can also get high protection.

3. It is best to enjoy immunity.

Some critical illness insurance is exempted by the insured or the insured. If you choose to pay in 20 years, you can maximize this allowance. For example, if a product provides an exemption clause for the insured, assuming that the insured died unfortunately in 1 1 year, the future premium will be exempted and the contract will still take effect. But if you choose 10, your premium has already been paid.

In the case of limited economic conditions, 20 years is better. Of course, if you don't like this installment plan and feel heavily in debt, you can choose 15 installment plan.