How do I buy insurance?

If you want to consider insurance, or if you already have insurance, this article will definitely help you.

Insurance is a financial instrument that, together with banks, constitutes the three pillars of finance.

How do I buy insurance?

Let's talk about it today.

1. Risks in life.

Second, the function of insurance.

3. 7 insurance policies for life.

Fourth, the end. Let's start with a picture.

The blue line is assumed to be the expenditure line, representing our lifetime and the amount of money to be spent.

The green line is assumed to be the income line, which represents the period when we earn money and the amount of money we earn.

The risk of accidents and illnesses can occur at any time in life, but the probability of occurrence at different times is greater or less.

Once this happens, these two lines may change, and the expenditure line will rise.

Interruption, termination, or reduction of revenue lines.

The loss of a family's wealth and its ability to earn money in the future is a loss risk.

People spend money all their lives.

If parents do not prepare for their children's education expenses, or if the education expenses for the preparation are limited, then the children's education will be affected or even stranded.

In addition, the cost of the child's marriage is also a large expense.

During the struggle period, while spending money, you are making money.

You may spend less money in retirement than when you were younger, but the cost of medical care and nursing care may gradually increase, and if you do not have enough pension ready, the quality of life in old age may be more difficult or even bleak.

Education, marriage, and pension are all rigid expenditures, and there is a risk of not having enough money.

So if a person is rich, is there no risk?

In addition, if there is no reasonable planning for property division, wealth inheritance, asset allocation, debt and taxation caused by marital risks, there will be corresponding risks, which are all risks.

Risk of loss,

Expenditure risk,

All sexual risks,

Almost every family will exist there.

Make up for the economic losses behind the loss risks, plan in advance for the expenditure risks and all risks, and avoid them reasonably and effectively.

In family financial management, financial security is guaranteed through its powerful leverage function and functional attributes.

The first one: medical insurance

Medical insurance can compensate for medical expenses caused by accidents or illnesses, i.e. reimbursement of expenses.

Medical insurance for minor illnesses and small disasters can be solved, but the high medical costs that may arise from major accidents or illnesses can bring huge harm to families, and many families simply cannot afford it. Commercial medical insurance can solve this problem very well.

If you have limited financial means, then medical insurance is the highest priority.

Note: When purchasing medical insurance, you should focus on the stability of renewal.

You can refer to the previous article:

How long will your health insurance protect you?

Million Medical. Mid-range healthcare.

High-end medical care. The main difference is that the medical resources available are different, and you can choose the right product for your family according to your needs for medical quality.

See above.

Medium and high-end medical care - for more freedom of medical treatment (with cases).

Disability or death can result in the loss or disruption of a person's future earning capacity and may incur costs in addition to medical expenses. It can also have a huge impact on a family.

Accident insurance not only provides compensation for death or disability, but also has functions such as medical compensation (accidental outpatient and hospitalization) and hospitalization subsidy.

The third one: critical illness insurance

Critical illness insurance is to compensate for the occurrence of a critical illness as agreed in the contract.

In addition to the huge medical expenses (medical insurance to solve), major illnesses also need to have additional expenses and other expenses, and more importantly, it will cause income interruption, reduce the ability to create wealth, and more seriously, no one will be gone. The impact on families is huge.

The probability of a person suffering from a critical illness in their lifetime is 7218%, which is much higher than the probability of accidents. The risk increases with age, and long-term planning is required. Therefore, accident insurance is more of a one-year product, while critical illness insurance is more of a long-term protection or lifetime protection product.

During the struggle period, the main role of critical illness insurance is to compensate for the loss of earning capacity. In old age, it becomes an account dedicated to dealing with major diseases. If you are lucky and do not have a major illness in your lifetime, then the money in this account can be passed on to future generations.

See above.

Let's talk about critical illness insurance.

Term life insurance will agree on a deadline, which can be set at the age of 60, before the age of 60 is the period of struggle, shouldering the responsibility of taking care of loved ones, raising children, and supporting the elderly. If you are unfortunate enough to leave early, there is no way to fulfill your responsibilities again. And through term life insurance, you can leave a sum of money for your family to ensure their livelihood.

The person who buys this insurance will not need this insurance himself, only in the event of an extreme risk - in the event of death, the insurance money will be given to his beneficiary. Even if you leave this world, you must fulfill your responsibility and leave your love behind.

Only the depth of love can have the courage to buy it, which is the most extreme romance and the most affectionate confession.

See above.

If you have to add a deadline to this love, you want it to be ......

Children's education is a big deal for every family, and the cost of education, especially higher education, is a sum of money that we must prepare for our children, and the preparation depends more or less on the ability of the parents, but also on the children's choices and the heights they can achieve.

This money is a future, rigid, and deterministic expense. The insurance product has the functions of security, certainty, value preservation and appreciation, and at the same time has the function of compulsory savings, so as to realize the special use of education accounts.

Sixth: Pension insurance

As we grow older, we all slowly lose one of our abilities - the ability to make money. And the ability to spend money will be with you for life, and the cost of medical care and health care will increase. In other words, who wouldn't want to retire and receive more money? We need to be prepared for the money we are going to spend after retirement before we retire.

Similarly, retirement pension is a rigid expenditure, and preparation is more or less based on personal ability, and it also depends on financial management concepts.

The commercial pension pension has the functions of security, certainty, value preservation and appreciation, and at the same time has the function of compulsory savings, and realizes the special funds of the education account. The lifelong function is an exclusive function of pension products, and you can receive it as long as you live.

See above.

Functions and attributes of pensions.

The so-called wealth management insurance is a type of insurance with financial management function attributes. Financial management is not simply the pursuit of high returns, the purpose of financial management is to pursue financial freedom, the primary issue is to preserve property, and then achieve value preservation and appreciation.

If there is no proper planning, the ownership of the property is gone, and there is no return.

Insurance is a financial instrument that can be used as one of the three pillars of finance because of its powerful functional attributes:

1) Directional inheritance is free of disputes.

2) Tax planning.

3) Debt risk isolation.

4) Anti-marriage property.

See above.

The contract between life and death of two people - whole life insurance [Law Part 2].

I hope everyone can configure their own home insurance to protect themselves and their families.

I'm the first recruit, the father of two babies.

There is an innate dullness to the world and human feelings.

I wish I was a dear daddy in the hearts of two babies. ️

I am a Minya insurance broker, located in Zhengzhou, facing the whole country.

I hope I'm a professional veteran that my friends can trust. If you have any insurance needs or questions, please feel free to consult us**.

Insurance has always been controversial, and many people are extremely distrustful of insurance, especially those who sell insurance, some are influenced by others, and some are experienced by themselves.

In fact, a large part of the reason is that insurance is not easy to understand, which I deeply understand, because as a full-time insurance broker, it is a very energy-consuming job to constantly read the terms of the insurance contract. Just imagine, how can you easily understand and understand without special study and repeated practice.

Every day I wake up at 6:20 to take care of the children, and until 10:30 at night, it is my working time, except for the time I give to my family, I almost only do insurance-related things.

We hope that through continuous learning and growth, we will continue to export insurance-related knowledge and information. Bring you objective facts, understand the real insurance, help you configure the protection suitable for your family, and use the tool of insurance to solve practical problems. While being able to provide value to others, you can gradually become a better version of yourself.