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Chapter 261 When buying insurance, there is no best, only the most suitable

When consumers purchase insurance, the most important thing is to match their own insurance needs, product coverage and ability to pay premiums.When this core element is satisfied, factors such as the service level of the insurance company, the price of the product, and the rate of return can be compared appropriately.Only in this way can we buy the most "suitable" insurance.

As for the most suitable age to buy insurance, it is an unanswerable question, because anyone at any age needs financial protection after accidents and diseases.These protections may come from your own income, family, or social security, but many times these are not enough to protect against risks, so a commercial insurance is needed to supplement it.

For minors, if their parents have sufficient financial ability to cope with the child's illness, accident and education under any circumstances, then juvenile insurance is optional; if the parents do not have such ability, they should consider commercial insurance.

As for the parents of minor children, as the economic pillar of the family, they should build sufficient protection for themselves.You need to purchase higher life insurance, accident insurance and critical illness insurance for yourself.This provides financial security for the child and family in the event of an accident.

For young people who have not been working for a long time and are not yet married, although the burden is not heavy, they must also consider that their parents are aging day by day. In case of accidents, it is best for parents to take care of themselves.Therefore, a high amount of accidental injury insurance is required, and at the same time, medical insurance is purchased as appropriate in combination with social security conditions.

For the elderly who have already retired, at this time, insurance appears to be dispensable.Since the premium rates of various insurances at this stage are very high, they should mainly rely on the pensions accumulated in their early years and child support.If you consider reducing the pressure on your children, you can also buy some accident insurance with low premiums.

Of course, if my country introduces inheritance tax in the future, in order to pass on as much property as possible to your children, you can also purchase high-value life insurance for yourself to avoid tax.

(End of this chapter)