The purpose of insurance is to protect against unaffordable losses. To put it simply, some diseases or accidents occur and money is needed, but we don’t have enough money. At this time, insurance can share part of the expenses and solve the family’s financial crisis.
Remember, we need the help of insurance because we don’t have enough money, so our goal is to buy the highest protection with the least amount of money, and then quickly accumulate assets until you accumulate enough wealth, unlock the shackles of insurance, and easily to live.
After establishing the core concept, let’s see which risks need our special attention.
For a 30-year-old person with severe disabilities who cannot take care of himself and needs close care from others, he can survive for an average of 38 years. The foreign caregiver is 20,000 yuan per month, and the cost is at least 9 million yuan. At this time, where does your money come from? If not, you will need disability insurance.
Disability insurance / disability assistance insurance (disability insurance / disability assistance insurance)
- Disability insurance, a one-time insurance payment can be made after disability.
- Disability support insurance, you can claim continuous insurance benefits after disability, such as 30,000 per month, and the claim will be settled until death.
If you are unfortunately disabled and need care, the claim amount must be enough for your own care expenses. If you are the main source of income for your family, you also need to prepare for family living expenses, children’s education expenses, mortgage and car loans, etc. after the income is interrupted.
After suffering from cancer, can you spend millions for medical expenses?
Major injuries, such as cancer, cost millions of dollars, which will inevitably cause family burdens. When you are in good health and have enough income, you can pass on the possibility of huge medical expenses at the cost of a few hundred dollars per month. More importantly, There is no need to choose to lower the quality of treatment because of high medical expenses.
Critical illness insurance / critical injury insurance / cancer insurance
- Critical illness insurance, if you suffer from seven major illnesses (including cancer), you will receive a lump-sum insurance payment.
- Critical injury and illness insurance, according to the qualifications of the National Health Insurance Major Injury and Illness Card (including cancer), a one-time insurance claim will be made.
- Cancer insurance, one-time insurance payment after cancer, and insurance payment for specific items according to the actual cancer treatment behavior.
In the unfortunate event of a major injury, illness or cancer, the insurance money can be used for the family’s living expenses and their own medical expenses during the period of income interruption.
Are out-of-pocket drugs or medical equipment not covered by health insurance affordable?
With the advancement of medical treatment and the implementation of the DRGs system of health insurance, the number of self-funded items has increased, and the use of effective treatments or medical materials will inevitably require additional costs. If you want to pass on these medical expenses, you need the help of medical insurance.
Out-of-pocket/daily medical care
- Paid-as-you-go medical insurance, which pays insurance premiums for the actual medical expenses incurred during the medical treatment period (as much as you spend).
- Daily medical insurance, which pays a fixed amount of insurance money for various medical behaviors (fixed amount of compensation).
In the event of medical treatment, the insurance money can be used for the family’s living expenses and their own medical expenses during the income interruption period.
With you gone, will there be a financial crisis at home?
Are you the breadwinner in your family? A home cannot continue because of your departure. If the absence of you will cause difficult financial problems for the family, then what you need is life insurance.
Life insurance, which can pay a lump sum of insurance money after death.
In the event of an unfortunate death, the compensation can be used to share the financial pressure that the subsequent family members cannot bear. The amount needs to be reserved for family living expenses, children’s education expenses, mortgage and car loans, and personal funeral expenses. If you are just out of society, you don’t have a wife and children, and you don’t have a car loan, you don’t need to buy life insurance~ So we can say that those who can buy life insurance are the life victory group (Huh?
Life after an accident, who can help me?
The premium of accident insurance is low, which can increase the protection a lot in one go, but it only pays for “external accidents not caused by diseases”, which is recommended as a supplement or a consideration of limited budget.
accident insurance
- Accidental death and disability, claims for accidental death and disability.
- Accidental medical treatment, the medical behavior caused by claiming accidents, is the same as medical insurance, and can be divided into out-of-pocket and daily-amount types.
