How to use consumer insurance?

Corresponding to consumption, it can be called "conservation-oriented". Both have their own advantages and disadvantages, and the quality depends on whether it suits their own needs.

Let's talk about the savings type first, that is, paying money every year for twenty or thirty years, or until you are 60 years old, and paying money every year is certain. Simply put, this kind of insurance has disadvantages: the insurance coverage is relatively small, and the premium is higher than that of consumer insurance. The advantage is that the annual payment is unchanged and is not affected by inflation. Insurance companies can't adjust their premiums at will, and the guarantee period is long. Generally, it is a lifetime guarantee, or it is specified to withdraw the insured amount at a certain age (it is not appropriate to withdraw the premium).

The advantages of consumption type are high insurance coverage and low premium. The disadvantage is that it belongs to consumer insurance. If you pay for one year, you will be guaranteed for one year. If you don't pay, there is no guarantee. When I was young, the premium was low. For example, at the age of 26, the premium of 65438+ 10,000 may be more than 300 yuan, while at the age of 40, the premium of 65438+ 10,000 yuan may be more than 5,000 yuan. The premium is adjusted every year, which is particularly affected by the market. Both inflation and company performance will affect the premium of consumer insurance. So when you get old, this kind of insurance will be very expensive.

Now buy critical illness insurance, generally have the function of second or third payment. Savings insurance generally has this function, but consumer insurance only has one claim opportunity. After the first serious illness, the insured became a "global refusal" and there was no commercial insurance protection in the future. Especially for women, this is very risky.

Consumer insurance can be used when you are young, the economic conditions are not very good, and you want to pursue large insurance, but this is an expedient measure. So it depends on what period you are in and how you look at this problem. But in any case, it is good to have insurance that suits you.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.