Parents usually buy insurance for their children. The insured is either a father or a mother, or a grandfather, grandmother, grandfather and grandmother. There are all these situations.
However, buying insurance for children really needs careful planning. Tell us what insurance we should buy for our children and what problems we need to consider when buying insurance.
The focus of this article is:
& gt& gt What insurance should I buy for my children?
& gt& gt When buying insurance for children, we should consider these issues!
1. What kind of insurance should I buy for my children?
1, guaranteed insurance
The protective insurance suitable for children is critical illness insurance, medical insurance and accident insurance.
Buy critical illness insurance for children, and parents and friends who have the conditions try to choose savings-based critical illness insurance. This is life-long critical illness insurance with death protection. This kind of critical illness insurance has the highest certainty. After all, everyone will die one day.
If the parents' premium budget is limited, they can also buy consumer critical illness insurance for their children first, that is, regular critical illness insurance or critical illness insurance that guarantees life-long death protection. Consumer critical illness insurance is not as safe as savings critical illness insurance, but the advantage is that the premium is relatively cheap, and it can also give children a certain period of protection. Talking is better than nothing ~
The child's immune system is not perfect, and his body is still in a relatively fragile stage. In the process of exploring the world, it is inevitable that cats will scratch dogs and break bones, so accident insurance must also be equipped.
In addition, some parents are not sure whether they should buy life insurance for their children. Senior sister's suggestion is that if you want to buy whole life insurance financial management, it is ok; But if you want to buy term life insurance, it is not necessary. Because term life insurance is more suitable for the family economic pillar, that is, parents.
2. Financial insurance
If parents and friends need to save money for their children to go to school in the future, they can consider children's education annuity insurance. This kind of insurance can generally protect children until they are 25 or 30 years old, mainly to provide regular financial support for children to go to college, study/start a business or form a new family. The internal rate of return of good products can reach about 3 or 5%.
Second, to buy insurance for children, we should consider these issues.
1, buy enough insurance coverage
The problem of "buying enough insurance coverage" is mainly aimed at critical illness insurance. Generally, the insurance coverage of 500,000 yuan is reasonable, including 300,000 medical reserve funds and parents' income for about 2 years. However, the specific amount of insurance depends on the local consumption level and the parents' premium budget.
You can understand the medical reserve fund. After all, getting sick often requires higher medical expenses. Compensation for parents' income is another major use of critical illness insurance. Once the child is sick, parents are likely to temporarily put down their work to accompany the treatment. At this time, there will be a big gap in the family economy, so everyone should consider this aspect when choosing insurance protection.
2. Premium exemption
We sometimes see the protection responsibility of "premium exemption" in critical illness insurance products. The exemption of the insured is generally regarded as the basic guarantee responsibility, and the exemption of the insured is often dispensable.
The exemption of the insured generally means that the insurance company will waive the subsequent premium payable when the insured is diagnosed with mild/moderate/severe illness for the first time. At this point, patients can feel at ease, and their families don't need to be distracted to pay the premium.
Policy-holder exemption is an additional responsibility that many parents will choose when buying critical illness insurance for their children. In case of their unfortunate death/total disability, or suffering from mild/moderate/severe diseases as agreed in the contract, the subsequent premium payable is probably unnecessary (depending on whether the insurance company has limited the age of death), and the protection of children will not be affected.
Generally speaking, parents and friends still have a lot to consider when buying insurance for their children, such as types of insurance, products, insurance coverage and so on. However, before insuring your child, you'd better confirm whether you, as the pillar of your family, have bought critical illness insurance+million medical insurance+accident insurance+term life insurance. Only when the family support is fully protected can children grow up in a more stable environment.