Which is better, consumption or return?

When many people buy critical illness insurance, they will stagnate on the issue of consumption and return. I suggest you buy consumer critical illness insurance. You can read this article about the reasons for buying consumer critical illness insurance: the top ten insurance companies are worth buying!

I can definitely answer you that consumer insurance is better!

Because return insurance has the following disadvantages:

Let me talk about the difference between the two:

1. What are consumer and return critical illness insurance?

Consumer-type critical illness insurance: the key is to protect major diseases, and the price will not make the family's economic burden heavier. However, there is no designated critical illness during the protection period, and there is no serious illness at the end of the protection period, and the premium is not refundable.

Returned critical illness insurance: also known as savings critical illness insurance. As long as you are in danger during the contract period, you will pay the corresponding insurance amount; If you are not sick during the contract period, the premium will be returned as a pension.

Second, the difference between them.

It seems that the returned critical illness insurance is more worth buying, but don't think so fast.

Let's take a look at the comparison of the following two popular products:

From the information in the figure, we can know that the following are the advantages of consumer critical illness insurance, which is also not available in returned critical illness insurance:

1. Cheap price: The premium of consumer critical illness insurance is quite cheap. The price of consumer critical illness insurance is half or more cheaper than that of returned critical illness insurance, and lower money can buy high insurance. In this way, consumer critical illness insurance is a good embodiment of the leverage of critical illness insurance. It can be seen that the cost performance is very high.

2. Flexible guarantee time: The flexible choice of guarantee period is the advantage of many consumer critical illness insurance products, which can guarantee 60 years old, 70 years old, 80 years old or even life. However, the optional refundable critical illness insurance can only be 80 years old or lifelong, which is good at first glance, but it also needs to pay more premiums.

The following are the shortcomings of the returned critical illness insurance:

1. Expensive: It can be seen directly from the premium calculation in the figure that the premium of a returned critical illness insurance is nearly four times that of a consumer critical illness insurance. We can see that the premium price of Fuze Ankang 20, the returned critical illness insurance, has broken 20 thousand without additional insurance; This price is not in line with the budget of the average family;

2. It seems to be returned, but in fact it has low income: The essence of the returned critical illness insurance is that you buy a consumer critical illness insurance and pay several times more premium. The insurance company will invest in this extra part and use the principal. All the profits are owned by the company.

In the end, the insured only gets the principal. If so, you can put the money in the bank for a fixed period, and the income will be higher.

The above shortcomings are only a small part of the return of critical illness insurance. In order to let you know more about the returned critical illness insurance, I hope you can take a look at this anti-pit article about the returned critical illness insurance: the top ten insurance companies are worth buying!

Third, which is better?

In contrast, I still suggest that you start with consumer critical illness insurance; At the end of the article, I recommend several consumer critical illness insurance products that are popular in the market and have a good response. If you are interested, you can take a look at the hot critical illness insurance inventory of the top ten insurance companies that are worth buying!