The choice of payment period must depend on the disposable amount of your family every year, which must be the amount that can be taken out after deducting family expenses and some emergency expenses.
If the disposable amount is relatively high, you can choose a shorter term, such as 10 year, so that the total cost will be relatively economical and cost-effective.
If the disposable amount is relatively small, even if it is paid in 30 years, this amount is a bit large and cumbersome, then we can choose a longer payment period, so that the burden on families will be lighter every year. Although the total amount is relatively large, it is still suitable on the whole. Of course, it cannot go on indefinitely. Therefore, we are required to buy critical illness insurance according to our own budget, and we cannot buy it blindly.
If there is demand, you can consult camel planning. Camel planning relies on intelligent scheme configuration system developed by big data, cloud computing and artificial intelligence to help users realize family risk quantification and accurate product matching. Through professional support such as actuarial, underwriting, claims settlement and law, we provide users with efficient and worry-free full-process services.