? Its main purpose: to allocate insurance and family finance in Hong Kong! Give a typical example: the father's annual income is 600 thousand, and the mother's annual income is 400 thousand. These two children are a 0-year-old brother and a 2-year-old brother.
Before getting down to business, you must thoroughly understand your financial situation, such as whether you have a mortgage, a car loan, how much money you have left after deducting some necessary expenses, and reserve 10%~20% as an emergency reserve, which can be used at any time. For example, parents' annual income is 6,543.8+0,000, and after deducting all expenses, the annual surplus is 300,000, so it is best to buy insurance with 6,543.8+0,000 at most, and it is to protect first and then manage money!
? Father as the economic pillar: protection against serious illness and accidents. As the economic pillar of this family, the father must give priority to the distribution of security to transfer the risk of possible income loss in the future.
The function of critical illness insurance is to offset the loss of family income caused by major diseases. The recommended coverage is 3~5 times of annual income+500,000.
? Being a mother: preventing serious diseases and accidents. Mothers are also income contributors among family members, so they also need protection against serious diseases and accidents. The insurance amount can be the same as that of the father, or lower.
? Two children: critical illness insurance+education fund Many people may wonder why children should also buy critical illness insurance. The incidence rate is so low? The reason is this, because children don't have any health problems, the first and most direct manifestation of purchasing critical illness insurance is the premium. The younger you are, the cheaper the premium will be, and you can get lifelong dividend protection!
Critical illness insurance will also protect some congenital childhood diseases, because many childhood diseases will not cash out so quickly, so the sooner the better, such as autism, asthma and so on.
Taking the second-child family as an example, the most foreseeable expenditure is definitely the education of children, especially studying abroad has become a major trend in the future. The expenditure on education is an advance payment, so it is very important to plan education as soon as possible, because it can be accumulated for a longer time to meet this expenditure.
Hong Kong dollar deposit insurance products can exchange a few years of short-term investment for a lifetime of high-yield returns. When considering the choice of education fund, the first consideration must be the actual cash flow of the family. Further consideration is in which year and how much money will be recovered, so as to see whether the operators meet their own budgets.
When choosing products, we should also try to choose products with stable income, because we have paid a certain amount of products in advance in a certain year, so everything is based on stable income.
? Turning high-end medical care into lifelong insurance, some families have high-end medical needs, especially the recent sharp increase in the demand for some high-quality medical resources overseas. The coverage of high-end medical insurance in Hong Kong is global, and the upper limit of compensation can be as high as tens of millions of Hong Kong dollars. Protecting the advantage of life-long renewal has become the first choice for many high-net-worth families.
Some families also choose medical financing, which is based on savings insurance investment and high-end medical care. Through several years of payment, they can provide lifelong high-end medical security.
The second child policy has matured and developed, and there are more and more families of four. This kind of family has great economic pressure, so it is necessary to transfer risks as soon as possible and establish long-term and stable asset allocation!
These are some of my personal experiences.