How to buy insurance is the most cost-effective and practical?

Buy insurance, is to use the money on the knife edge, buy the right insurance, do not spend money, is really cost-effective.

Adults how to buy insurance is the most cost-effective

General recommendation for adults to buy four types of insurance: comprehensive accident insurance, million medical insurance, critical illness insurance and term life insurance.

Because they are the most cost-effective way to address the risk of accidents, illnesses and deaths, and the coverage is relatively adequate.

1. Comprehensive accident insurance and multimillion-dollar medical insurance belong to the kind of "inexpensive insurance", the average adult, only a few hundred dollars a year, you can buy hundreds of thousands or millions of dollars of coverage.

2. Critical illness insurance if the budget is limited, you can first buy a regular, such as insurance to the age of 70, 80 years old, you can spend less money, to buy a higher amount of coverage.

3. Term life insurance can be prioritized to choose "less famous, but willing to give consumers" insurance company.

Two, how to buy the most cost-effective insurance for children?

In order for children to grow up healthily, you must buy three types of insurance for children: accident insurance, medical insurance and critical illness insurance.

1. It is not difficult to understand that accident and medical insurance for children is slightly more expensive than for adults because they are prone to injury and illness.

However, there is not much difference in price between individual products within the two types of insurance, so you can buy according to your own child's needs without getting too hung up on price.

2. Critical illness insurance, children buy critical illness insurance, the "principle of saving money" and adults buy critical illness insurance is similar.

If the budget is limited, it is recommended to prioritize the purchase of children's term critical illness insurance with a single payout, and try to extend the payment period to reduce the pressure of payment.

Three, how to buy insurance for the elderly is the most cost-effective?

1. If the elderly are in poor health, you can consider buying a pay-as-you-go cancer insurance, which is similar to a critical illness insurance, but only insures against cancer, and the insurance company will directly pay out a sum of money if your parents are unfortunate enough to suffer from cancer.

2. If your parents are in poor health and can't afford to buy medical insurance, then you can only settle for the next best thing, cancer medical insurance, which is also much cheaper than medical insurance.

3. There's another great insurance policy for seniors: senior accident insurance.

The elderly are not very agile, and it is very easy to fall and break bones, so it is necessary to buy an accident insurance.