I don't know why, but who's counting and nobody's doing anything to sell and buy at a loss!

This is an undisclosed secret of the insurance industry. First we should make a series of descriptions of the open theory. The fundamentals of human development are consistent with any living thing. Accidents at birth increase, accident insurance payments decrease. In young adulthood disease decreases accidents increase, so the amount of accident insurance increases and the payout decreases. More stable middle-age, middle-age accidents decrease, the possibility of disease increases, and the payout of disease insurance decreases. After 50 years of age, good health, accident decreases, disease decreases, so this time the payout increases. After the age of 60, many chronic diseases, the incidence of acute diseases increased, the disease benefits decreased, the relative increase in accidents, but also the relative decrease is to open the treatment of the

That's not true. It depends on what age you buy it at. If you buy it at the age of 50 or so, the risk is already very high. The risk is already very high, so you can't have such a high coverage.

But if we say that we bought it when we were small, then this amount of coverage is always accompanied to the whole life ah, it will never change.

Unless there are other clauses in your contract that stipulate that the sum assured will be reduced after the age of 60, but if the sum assured is reduced, the corresponding value will be returned to you in the form of cash.

You'll have to look at your contract to tell.

This question is very understandable, since you know that the age of 60 years old and above is the high incidence of serious illness, the insurance company naturally want to control the amount of payout, otherwise not to lose money to death. However, you said that this payout amount becomes less how to come, should want to buy insurance for people over 60 years old to see the payout amount becomes less, right? This situation occurs in the accident insurance, hospitalization medical insurance and insurance for the elderly is more common, not only the amount of coverage becomes less, the deductible will also be increased accordingly, it is not difficult to understand, the elderly and young people's physical condition is naturally not comparable to spend the same amount of money to protect the contents of the nature will be different.

So this is the insurance industry characteristics, the elderly approaching this age does exist a certain protection gap, of course, although the protection and young people there are some gaps, but it will still play a role, so it is better to buy insurance early.

Hello, I am happy to be able to answer your question, I am a small person, is the choice obvious? Any any business he has to talk about risk. You can't pass your risk to the insurance company. Your input ratio and the risk ratio is proportional to each other, if you buy the whole life insurance, the rate is very high, of course, the insurance company it provides some insurance services will naturally be properly tilted to you, if you are simply to buy some critical illness insurance, and then insured for years is not very high, then he will certainly avoid these risks. Insurance to buy before the emphasis on this and that also pay, once the insurance is this and that does not pay, this is some of the misunderstanding of the insurance, I think only suitable for their own insurance is a good insurance. What you lack is not insurance, but an insurance recommender who stands in your point of view to see the risk, which is what most of China lacks, so that insurance is not relatively perfect. The above is my point of view, I hope it will help you, thanks.

This is a good point. The money is the money, the total amount is balanced and controlled, and as you get older, your body functions deteriorate, more people get sick, and less is spread out over the headcount.

I think the question you're asking is that some products on the market add an additional 50% of the sum assured payout if a critical illness occurs in the first ten years.

This extra benefit is great and originates from Hong Kong insurance. Why is it set up this way? For customers, the amount of coverage needed when they are the breadwinner of the family is not only for treatment and rehabilitation costs, but also for loss of income (the responsibility to support the family), and after the age of 60, they do not need to support the family, as long as they have treatment and rehabilitation costs, so the amount of coverage set up needs to be higher in the middle and prime of life.

For the insurance company, because, after all, the probability of a critical illness claim in the first ten years is relatively low, the increase in premiums over not having this coverage is not that high, and is equivalent to the cost of ten years of regular critical illness.

So this coverage is a win-win situation for both the insurance company and the customer by increasing the premium by not much, but the coverage is more reasonable.

But if the added cost for this extra coverage is a lot that doesn't make sense, so be careful when researching products.

Hello everyone, I'm a headline creator, I'm glad to be able to answer your questions, I have a lot of experience in answering questions , here are my views to share with you, I hope you can enjoy it:

Of course it's small!!!

Because it's risky. How else would insurance companies make money?

I hope this helps ❤, please click like if you like it, thank you!

PS: It's so hard to type 😂

As we grow older, after 50 years old, our body functions gradually deteriorate, our legs are not flexible, accidents and deaths are frequent, our resistance decreases, and the risk of illness is getting higher and higher, and not only do we know that, but the insurance companies know that as well.

Older people are more susceptible and have higher rates of the same diseases

Same Disease, Difficult to Treat in Older Adults

Difficulty in treating and slow recovery from specific diseases in older age groups

Older age groups are more prone to accidents and greater damage

World Health Organization data survey shows that about 300,000 people die of falls every year, more than half of them are over 60 years old. After decades of wind and rain, full of the vicissitudes of the world, the twilight of life, the body is as fragile as a child.

Therefore, out of risk control considerations, insurance companies will put some limitations on the insured amount of some older customers. The premium will also be relatively much more expensive. A good number of older people who buy critical illness insurance will find that the total premium is about equal to the insured amount, and there are even those who are upside down. This defeats the purpose of insurance for a small amount.

Hi, I'm not sure which critical illness you are talking about specifically, the sum assured decreases with age, this would be a participating critical illness. Your sum assured decreases with dividends. The more common on the market is also the public to buy critical illness insurance is a fixed amount of regular or lifelong, that is, buy 300,000 will pay 300,000 this kind of, the specific program should be based on the detailed family situation to configure. Welcome to consult ~