Many people buy insurance first ask "which product is good?" "
Insurance and ordinary commodities are different, we need to start from the point of view of risk management, combined with their own actual situation for reasonable allocation, each person, each family needs are not the same!
The six correct steps of insurance configuration, see if you are going right?
Step 1: Requirements analysis
Do a detailed needs analysis based on family structure, assets, liabilities, income, responsibilities, etc.
If you do not do detailed demand points, but heard which product is the best to buy which product. It's like when we go to the hospital to see a doctor, the doctor says to you without asking, "This medicine is the best!" . The doctor does not have the right medicine, and the patient does not know what disease he has, and does not know what disease the medicine is for, so it is easy to step on the pit to buy insurance!
I have written a few key points about buying insurance, and today I will go through the step-by-step instructions in the order of buying insurance.
1. Determine the required protection
What kind of protection do we want, what kind of problems do we want to solve with insurance? Understand the types of insurance and the effectiveness of each insurance.
Social medical care: Social welfare insurance, no matter serious illness, outpatient, hospitalization can be reimbursed
Accident insurance: dealing with loss or interruption of income such as accidental death/total disability, and dealing with unexpected medical reimbursement;
Medical insurance: Supplement Medicare reimbursement limits, accounting
Serious illness insurance: supplement the nursing, rehabilitation and out-of-hospital expenses of serious illness to make up for the loss of income caused by serious illness
Life insurance: Cover income interruption due to death/disability
Annuity insurance: A defined cash flow reserve for a certain stage of life, such as education/retirement
2. Determine the guarantee amount and guarantee period
Analysis If unfortunately encountered a risk, how much insurance is needed to solve the problem? How long is the period of protection required?
Protection period: Of course, the longer the protection period, the better (after the risk occurs, some insurance may not be able to buy any more). If there is a conflict between the protection amount and the protection period, the insurance amount takes precedence! First insurance amount, after the protection period!
3. Determine the insurance budget
Sort out their own financial situation, allocate a reasonable budget premium. Don't overpay, because the insurance will take years to pay, and if you do, you will feel stressed sooner or later.
4. Who do you want to buy?
A family, no matter who is at risk, is affected by the whole family's economy, so the whole family insurance is the right idea to buy insurance! However, insurance planning is not in place in one step, and it can be gradually configured until the whole family is fully insured!
Insurance is a form of financial planning! The first thing we need to do is identify who is at risk of the greatest financial impact on the family. Then sort by impact!
Correct purchase order: protect adults first, then protect the elderly and children; The first pillar of the economy will be protected first, and the second pillar of the economy will be protected later. Don't just buy it for kids. Adults are streaking
Step 2: Address the protection gap
Review your family's existing policy to see what is covered? According to the security needs of the family, the security gap of each family member is obtained.
Step 3: Organize family information (key health records!)
Family information includes: the insured's age, occupation, health status, etc
Age: Insurance will have some age requirements; The premiums for most policies are higher with age;
Occupation: Insurance also has certain requirements for occupation, especially high-risk occupation;
Health: Health insurance (medical insurance, serious illness insurance), life insurance, etc. will be insured according to the health status of the individual;
Focus on sorting out health records, mainly including physical examination reports, medical records, family history, etc. These health factors will affect the result of insurance. This is easily overlooked by consumers, but it is the most crucial step in buying insurance.
If you do not confirm your health in advance, you are eager to choose insurance products, and the result is that you cannot inform your health, it is wasted, and you have to start all over again. If you ignore the health notice and fill it out casually, it is easy to cause claims disputes, and it is likely to buy back a pile of waste paper.
Special reminder:
If the people who plan your insurance recommend insurance products to you without knowing your medical condition:
① Or he is the white;
Either he or she is just to make a single;
Step 4: Select insurance products
Buy security first, then buy savings;
Protect big risks first and small risks later;
Adults first, the elderly and children later (first the first economic pillar, then the second economic support);
First insurance amount, after the protection period (first present, after the future);
Look at the terms first, then look at the company;
Beware of package insurance (full coverage of one policy, dividend insurance, return insurance)
Step 5: Formal insurance (tell the truth)
When it comes to health information at the time of insurance, there are generally two reactions:
A: Insurance is not bought casually, and the feeling of not seeing the medical examination report is not practical
Type B: Others do not look, you have to look at the health status, really trouble!
Why is it important to be honest? !
1, related to claims
Because the insurance should be truthfully informed, so as not to lay hidden dangers for future claims!
Insurance Law
Article 16 In the conclusion of an insurance contract, where the insurer asks questions about the subject matter insured or about the insured, the applicant shall inform the insurer truthfully. If the applicant intentionally or due to gross negligence fails to perform the obligation of truthful disclosure stipulated in the preceding paragraph, which is sufficient to influence the insurer's decision on whether to agree to the underwriting or raise the premium rate, the insurer shall have the right to rescind the contract.
The insurance company will pay for it, there is no reason not to pay for it. The insurance law stipulates that the claim limitation is 30 days, and the average claim time of each company is 3 days. The causes of claims disputes are: ① whether truthfully informed; ② Whether it meets the insurance terms
2, related to underwriting and underwriting
Depending on the information, the insurance company may request additional information or arrange a medical examination, and then make an underwriting and coverage judgment based on the information submitted.
What are the misconceptions of health information?
Mistake 1: doing things carelessly and not paying enough attention
Many people feel that they can eat, drink, and are very healthy, and they do not put the health information in their eyes, so they fill it in casually.
Mistake 2: As long as you have not been hospitalized, fill in the health notice completely
Not only hospitalization, whether it is hospitalization, outpatient, medical examination report, family history, etc., as long as the health notification is asked, it needs to be truthfully informed, otherwise it is easy to produce disputes in the future.
Mistake 3: Health notice fill in, go through two years certain loss? !
The Insurance law does have a "two-year non-defensible clause" to protect consumers' rights and interests! But the insurance contract also has a disclaimer clause, if the risk is a past illness, it is within the scope of disclaimer, even if the contract is valid, the insurance company will not pay!
It is strongly recommended that:
1, if you have decided to buy serious illness insurance for the stent, do not go to the medical examination before insurance!
According to the existing medical records to inform, in case of any physical abnormalities, but will increase the difficulty of insurance, is purely an extra branch.
2, never lend your health insurance card to others!
Step 6: Contract confirmation
Get the insurance contract, carefully read the terms of the contract, confirm the personal information and contract content is correct before signing. Long-term insurance generally has a hesitation period of about 15 days, if you feel inappropriate, there are regrets during the hesitation period, no loss of surrender.
Insurance contracts are very thick and full of technical terms, but be sure to focus on these five key parts:
① Basic insurance information;
② Insurance liability;
③ Disclaimer clause;
④ The bold part of the insurance contract must be read several times!
⑤ Other points that need attention (hesitation period, waiting period, grace period, cash value, etc.);
Write at the end
The importance of annual insurance inspection! Buying insurance is not a one-time thing, just like we can't count on a deposit or a financial manager for a lifetime! We need to constantly adjust our insurance allocation with changes in household income, changes in protection needs, changes in insurance product updates, interest rate adjustments, inflation, medical inflation, financial policies, etc. Carry out annual insurance inspection every year, find out the deficiencies and gaps in the protection, and make reasonable adjustments and supplements. If it is not possible to check once a year, it must be checked once in at least three to five years.
