What kind of insurance should young people buy besides social security?

Undoubtedly, social security is the most basic. Social security can achieve wide coverage and low security. If you want to plan life risks more comprehensively, as an adult, there are four basic types of insurance: term life insurance, critical illness insurance, medical insurance and accident insurance.

I. critical illness insurance

Learn about critical illness insurance first, and break down the most complicated ones.

Critical illness insurance is the most expensive of the four major types of insurance, so many people have a headache about it.

Everyone is equal before the risk and should be protected by critical illness insurance.

Critical illness insurance is actually an agreed disease such as serious illness/moderate illness/mild illness, and you can get compensation if you meet the claim conditions.

With it, you can relieve the financial pressure brought by a serious illness.

Second, medical insurance.

Next, I will talk about medical insurance in detail.

Many people think that with medical insurance, there is no need to buy medical insurance.

But why is there still a phenomenon of "raising money to see a doctor" in the circle of friends?

It shows that medical insurance alone is not enough, and the ability of medical insurance is limited.

It is no problem for medical insurance to deal with minor illnesses such as colds and fever.

However, to cope with millions of medical expenses, we still have to rely on medical insurance to save lives.

I believe many people have heard of the name "Million Medical Insurance", which is a popular commodity in medical insurance.

Low premium and high insurance coverage. Hundreds of dollars can have millions of insurance coverage.

Third, accident insurance.

Let me talk about accident insurance.

Accident insurance covers accidents, but what is an accident?

We must meet four characteristics:

Foreign, sudden, non-sick, unintentional.

If you pay all the expenses, the insurance company will have to sell the iron.

Such as sudden death, altitude sickness and so on. You won't pay.

According to the content of protection, it can be divided into: accidental disability/death and accidental medical treatment.

Fourth, life insurance.

Finally, finally, read it before you go.

Life insurance only covers death and total disability, and the insurance amount is paid in one lump sum.

Whether it's illness or death from any cause.

Suppose one day someone dies unfortunately, a life insurance claim can also solve the economic pressure at home.

According to the term, it can be divided into two categories: term life insurance and whole life insurance.

Term life insurance is a phased guarantee, and you can choose 10 year or 20 years.

Whole life insurance will guarantee you for life, and you will be paid.

However, this kind of local tyrant suitable for big coffee places is used for wealth inheritance.