What are the precautions for buying insurance at the age of 50? Precautions for middle-aged and elderly people to buy insurance
At present, domestic insurance companies generally limit the age of insurance to below 65, while some endowment insurance and major disease insurance limit the age to 55-60. Even if it is within the coverage, but after the age of 50, the underwriting of the insurance company will require the applicant to go to the designated medical institution for physical examination. If one or two physical examination indicators fail, the insurance requirements will be rejected. So what are the precautions for buying insurance at the age of 50?
1. Medical insurance is the primary consideration
At present, the insurance for the elderly in the market is mainly divided into three categories: one is medical insurance; The other is accident insurance; The third category is life insurance. Before choosing insurance products, the elderly should first determine which aspects to focus more on: accident risk, medical expenses for illness, or pension expenses for living in old age?
As the elderly belong to the social vulnerable groups, they are more likely to get sick than other groups. When the national social medical security system is not perfect, they need to seek more comprehensive health security through commercial medical insurance. Therefore, when the elderly consider buying insurance, the first thing to consider should be medical insurance.
2. Life insurance is optional and accident insurance should be
Although you can buy commercial endowment insurance over the age of 50, there are two points that need special attention:
1. Higher age, higher payment and short payment time (generally up to 10 years) may cause great pressure on the general family economy, which needs careful consideration;
2. Even if you start to receive a pension at the age of 70, it will only take 15 years. In particular, the income of annuity pension insurance is limited. Even if you pay a high premium, you will receive limited dividends in the future.
In view of the above two points, it is not recommended to buy endowment insurance at this age. In this period, we should buy high security accident insurance, first protect personal value, and then insure investment universal life insurance and investment connection insurance according to the family economic situation, and subsidize the elderly through the income obtained from insurance and financial management, especially for the medium and long-term characteristics of insurance and financial management, which is more suitable for older people, and the initial cost is relatively low.
3. Long term care insurance recommended by experts
Long term care insurance is a new type of life insurance product which mainly bears the expenses of family care, family health care and other related services for the elderly. Different from other insurance products, elderly care insurance is a compensation for the elderly who need long-term care due to illness and disability. It includes two all risks insurance and endowment insurance, which mainly provide endowment expenses, while lifelong medical insurance can only get insurance benefits if the insured is hospitalized and treated.
As insurance needs to be done according to one's ability, generally speaking, the premium of long-term care insurance is high. For example, the premium of long-term care insurance with an insured amount of 100000 yuan is generally tens of thousands of yuan. City insurance believes that when choosing this type of insurance, we should act according to our ability and decide according to the actual situation of our family.
Matters needing attention when choosing medical insurance at the age of 50, and clearly understand the types of serious diseases compensated. Medical insurance for major diseases does not cover all diseases. Only those suffering from major diseases specified in the contract can obtain the compensation agreed in the contract. Understand the diseases covered by major disease medical insurance products. In fact, there are many types of diseases covered by major disease medical insurance products. Investors must insure against threatening diseases rather than blindly. It is understood that the more diseases covered by medical insurance for major diseases, the higher the premium.