Whether to buy critical illness insurance or not, presumably everyone is no longer entangled.

But after all, the terms of critical illness insurance are complex, and the premiums are often tens of thousands of yuan a year, and they are not cheap.

So many friends ask us:

Is it necessary to buy lifelong critical illness insurance?Is it okay to buy a fixed term insurance?What should I pay attention to when buying critical illness insurance?

Today, Daddy will give you a detailed answer.

Fast Track >>> click here:

01

What is the difference between term and lifetime critical illness insurance?

Critical illness insurance is generally guaranteed for a term of 1 year/30 years/up to the age of 70 or for life.

Among them, term critical illness insurance can:

Whole Life Critical Illness Insurance

And this is where most people hesitate:

Buy a lifelong one, the premium is expensive, and it may not be insured in the future, plus inflation, the amount of insurance will shrink;

Buy a fixed-term one, and I am afraid that there will be an insurance after the insurance period, but there is no time when I really need protection......

Like a one-year critical illness insurance, you have to re-apply every year, not to mention the complicated process, and the premium will increase year by year.

In addition, critical illness has strict health requirements, especially when you are over 50 years old and your health deteriorates, and it is more difficult to buy critical illness insurance.

02

Is it necessary to buy lifelong critical illness insurance?

This question, judging from the score -

1) Adequate budget

The older you are, the higher the risk of critical illness.

Lifetime critical illness insurance is like a talisman, and the protection for a lifetime is secure.

Therefore, if the economy is looser and the budget is more adequate,

It is recommended to choose a lifelong critical illness insurance in one step.

Of course, Daddy is here to remind everyone:

Buying critical illness insurance is buying the sum insured, and we can't give up the sum insured for the sake of life.

If you have questions and don't know how to choose, you can click here to contact a planner to get a free insurance configuration plan.

2) Limited budget

For young people who have just entered the society and do not have much savings, or families who are currently under greater financial pressure and have lower budgets,

Term critical illness insurance can lock in critical illness protection for a certain period of time with lower premiums.

That is, "leverage the high sum insured with low premiums" and give priority to solving the immediate problems.

Therefore, when the budget is limited, we can give priority to the critical illness insurance with a fixed term.

In general, there are advantages to lifelong and term critical illness insurance, and we still have to choose according to our specific situation.

So, in addition to the issue of protection period, what should we pay attention to when buying critical illness insurance?

03

What should I pay attention to when buying critical illness insurance?

When buying critical illness insurance, you should pay attention to the following points:

1. The amount of insurance should be sufficient

As we said earlier, buying critical illness insurance is buying the sum insured.

Suffering from a critical illness can lead to serious financial losses, and critical illness insurance can only play its due role if the sum insured is sufficient.

It is generally recommended that the amount of critical illness insurance should start at at least 300,000 yuan, and if conditions permit, it can reach 500,000 yuan or even higher, and it is best to cover family expenses for 3-5 years.

In addition, most of the current critical illness insurance products will set up additional critical illness liability, that is, at a certain age, a part of the sum insured will be overpaid.

Taking Guofu Xiaohonghua Zhixia Edition as an example, after adding additional insurance benefits for severe, moderate and mild diseases, an additional 80% for critical illness, 30% for moderate illness, and 15% for mild illness before the age of 60 are added, which is a plus.

It means that if you buy 500,000 sum insured, before the age of 70, there is 50 + 40 = 900,000 protection for critical illness, 30 + 15 = 450,000 for moderate illness, and 15 + 7.5 = 225,000 for mild illness.

This type of critical illness insurance is also highly practical when it comes to having a higher sum insured during the period when family responsibilities are at its heaviest.

2. Focus on the content of guarantees

Critical illness insurance has developed to this day, and in order to attract more customers, insurance companies have also added a lot of new protection content.

For example, there are many optional liabilities: critical illness second claim, cardiovascular and cerebrovascular second claim, death benefit, illness care fund, cancer second claim, etc.

Different critical illness insurance products offer different optional liabilities, and the addition of these optional liabilities will increase the protection of the policy to varying degrees.

The policyholder needs to choose the appropriate protection based on the insured's living habits, working environment, health status, protection preferences and other factors.

In addition to this, we also need to pay attention to the coverage of high-incidence diseases.

For critical illness insurance, it is not that the more types of insurance that can be covered, the better, but that the more types of high-incidence insurance that can be covered, the better.

Since the regulatory authorities have uniformly stipulated the 28 types of high-incidence critical illnesses that must be covered by critical illness insurance,

However, there is no unified regulation on mild and moderate illness, and there will be differences in critical illness insurance products of different insurance companies.

Therefore, we can pay more attention to the mild and moderate symptoms included in the product to see if it belongs to the high-volume column.

In order to facilitate everyone's comparison, Dad sorted out the mild to moderate diseases corresponding to 28 high-incidence serious diseases, as shown in the figure:

Generally speaking, the products on the market will not be completely covered.

Therefore, when we choose critical illness insurance, we mainly need to look at whether it covers a wide range of areas and choose them in combination with our own needs.

In addition, if it is a children's critical illness insurance configured for children, in addition to high-incidence and moderate-to-mild diseases, it is also necessary to focus on whether 16 specific high-incidence diseases for children are covered.

In terms of the amount of benefits, critical illness is generally paid out as the basic sum assured, and both mild and moderate illnesses are paid on a proportional basis.

The higher the number of coverage and the lower the recognition standard for high-incidence mild and moderate illnesses, the higher the probability of claim settlement of the product and the better the protection of the insured.

If you want to know more about cost-effective critical illness insurance, you can >>

3. Do a good job of health notification

When buying critical illness insurance, it is also important to do a good job of health notification.

But we are not doctors after all, and most of us face the diseases mentioned in the health notice, first, we can't understand them, and second, it is difficult to remember all our medical history.

It is recommended that you check the past cases and examination reports before applying for insurance.

If you ignore it because of carelessness and buy it without complying with the notice, it may be more troublesome to make a claim in the future.

Whether it is the comparison of the previous protection responsibilities, or the health notice when applying for insurance,

There's a lot of expertise involved, and most people struggle to do it alone.

Therefore, you still need to communicate more with professionals before officially applying for insurance, and if you are unclear, you can >>

04

Daddy concluded

When buying insurance, you can combine your own needs and budget, and be thrifty with others.

Just like when we buy shoes, we can spend dozens of dollars to buy an ordinary pair, and we can also wear them.

You can also spend a few hundred yuan to buy a double brand, and the experience is better.

There is no product or solution that is the best, only the one that suits you is the best.

If you still have questions about applying for critical illness insurance, please click here to contact us