With the increasing awareness of insurance, many people are now not only considering buying insurance for themselves, but also paying more attention to purchasing a complete insurance product line for the whole family, thus achieving comprehensive family member security. From health insurance to accident insurance to education insurance, it seems that every type of insurance is closely related to the family. Then, under the condition of limited economic ability, taking an ordinary family of three as an example, how to choose the right insurance products with certain choices becomes a problem. To solve this problem, the most important thing is to follow some basic principles of family insurance planning and consciously avoid misunderstanding.
Insurance experts said that from a professional point of view, a family to buy insurance should follow the "Double Ten" principle, that is, premiums account for 10% of the family's annual tax, and the insured amount is ten times that of the family tax. Moreover, considering that the insured ratio of family members is matched with the contribution of the family, the principle of giving priority to the protection of adult risk should be followed when insuring. In life, many parents focus on children, but insurance financing reflects the evasion of family financial risks. The financial losses and impacts of accidents caused by adults are far higher than children. Therefore, the correct principle of insurance is to first purchase health insurance, life insurance, accident insurance and other products with strong protection functions for adults, and then purchase health and education insurance for children as needed.
After determining the premium budget and key protection targets, it is necessary to consider the specific insurance design. If you have not bought insurance before, it is recommended to start from the basic guarantee. Experts pointed out that for a family of three health protection plans, social security and child community medical insurance should be improved first, and priority should be given to the supplement of major diseases. For both spouses, taking the white-collar workers of around 30 as an example, this age group can be said to be the golden age of purchasing health insurance for severe illness.
After that, you can choose the corresponding life insurance products to share part of the family's economic responsibilities, such as the living and education expenses before the child's economic independence, housing loans or car loans, and the maintenance expenses of the elderly. These can be solved through life insurance. The total insured amount is designed to be at least 5-10 years of family liability expenses to mitigate the impact of the risk on the family. Of course, it is necessary to deduct the existing reserves of the family (when the risk can be realized), the final part is the guarantee gap, and the insurance is required to pass the risk. The time of guarantee and the amount of insurance can be quantified through demand analysis.
The accident insurance part needs to be considered in combination with the occupation of each family member, but every member of the family should consider purchasing. Accidental injuries are at least equal to life insurance in terms of insured amount, and disability/burning in accident insurance is proportionally compensated, so the insured amount cannot be ignored. At the same time, accidental medical insurance is indispensable and can compensate for the loss of medical expenses due to accidental injuries.
In addition, in general, parents spare no effort in the education of their children, willing to bear the maximum effort to protect the child's education. However, experts suggest that parents must choose the higher education gold insurance to do their best. If the family's annual savings exceeds 200,000, it is appropriate to consider a part of the savings for higher education. It should be reminded that some universal insurance and investment-linked insurance are okay as the purpose of education savings, but the benefits of such insurance are uncertain, and the terms of these two types of insurance are more complicated than the general insurance, and often have initial costs. Parents should be cautious to purchase the cost deductions such as cost protection.