The "Four Risks" That the Elderly, the Sick, the Dead, and the Disabled Face in Life

How do people new to the workplace buy insurance? This set of "Four, Three and Two Iron Rules" allows you to understand your needs and make plans in seconds

work insurance

• Fu Qingyuan

• buy insurance

• Financial management

• Planning

• life insurance

• Accident insurance

• risk

• medical insurance

• Types of insurance

• Types of life insurance policies

• Insurance

• Insurance contract

• Life insurance

• Insurance Company

• Life insurance companies

• Insurance policy

The first piece of advice given by Fu Qingyuan on insurance planning for new workers in the workplace is first to understand the four main risks you will face in life, namely "old age", "illness", "death" and "disability". 

There are similar insurance products How does employment insurance work Canada.

The first is "aging", the so-called "aging has an end", as you get older, you should think about whether you have enough money to spend the rest of your life safely, and this is the concept of annual insurance.

Secondly, when you are "sick", you will need to use medical insurance, cancer insurance, or insurance against serious injuries and illness; moreover, if you experience "death" unfortunately, life insurance can provide relevant protection to your family; "disability" means that in the event of "death" disability caused by accidents and diseases, injury insurance can be used to support life needs How much EI will I get.

If you want to make a complete insurance plan for the four main risks, you must purchase all six types of insurance products listed above Is EI still available. 

However, the income of new workers in the workplace is minimal, and it is impossible to plan insurance at once, therefore, before the actual purchase, you should first ask yourself the next three questions Do you have to pay back EI.

Before buying insurance, ask yourself "three questions"

The first question is, what is your "professional class" because different professions have different risks? 

For example, if you are inside and outside a restaurant, you should pay attention to the accident insurance you buy when buying insurance, whether it includes burning and burn protection materials; if you are a shift engineer, you should pay attention to the load on your body due to work stress. 

Consider buying disability insurance.

The second question is whether there is a family medical history, and if a family member has chronic diseases such as high blood pressure and diabetes, it is recommended to include these risks in the main items of insurance planning when planning insurance.

The third question is about your arrangement at home. 

Fu Qingyuan explained that if a man at the height of his giving had 5 brothers and sisters in his family, and if he died in an accident, the responsibility for parental support could at least be shared by the other four people.

On the other hand, if you are the only child in the family, and if you unfortunately die, no one can take care of your parents; in short, since everyone has a different risk appetite, the content of the planned insurance will also be different.

Fu Qingyuan also mentioned that if parents have already planned to insure their new children in the workplace, or if the company provides group insurance, etc., they can also use the above three questions to plan for shortcomings in the current insurance content.

"Two principles" when planning insurance When conducting insurance planning, Fu Qingyuan said the focus is on "relative allocation," and there are two main principles to follow, namely "preserving the big and not the small" and "preserving the near and not the far."

Fu Qingyuan pointed out that the so-called "big guarantee, not the small" refers to the most dangerous insurance first, taking into account the personal material situation, the economic situation of the family, and the environment, and the main point is "t pull out others".

Another principle, "Stay near, not far away" refers to "don't think about things that will happen far away." Fu Qingyuan, for example, when buying insurance, people are often confused about buying life insurance or life insurance in full. 

Many life insurance policies have a maximum age subscription age of 75 years. Some people think that buying life insurance with higher premiums is safer, because "how do I know at the age of 75, can I buy insurance or not."

However, what will happen at the age of 75, young people, I am afraid that they need to face it after 50 years. 

In this case, if you buy full life insurance, after 50 years, taking into account inflation, even if you can the amount of the benefit received will remain the same, but the value will be reduced.

As far as young people are concerned, due to their high level of activity, the first risk is accidents, so accident insurance is definitely a must; the second is intended for medical needs, because regardless of accidents or illness, medical treatment, outpatient clinics, surgery, and hospitalization cannot work, except for medical expenses.

 , but also to support labor losses; therefore, when planning medical coverage, consider out-of-pocket medical insurance.

"1000 yuan formula" for calculating the maximum insurance premiums For newcomers who are just entering the workplace and earning a low salary, how much money should be spent on insurance planning? Fu Qingyuan said the "10 double principles" commonly used in the insurance industry refer to paying an annual premium not exceeding one-tenth of annual income and covering life insurance of at least 10 times the annual income. 

On this basis, the premium can control expenses within the annual salary from 5% to 20%.

The other "affordability limit formula" is calculated as a reference by the "age × 1000", which means that a 23-year-old can use a maximum of 23,000 yuan for expenses when planning insurance.

Fu Qingyuan stressed that in addition to the concept of "insurance doesn't need to be in place at once," people new to the workplace should also know that as they get older, they should think about the risks they will face at different stages of life, review insurance every few years and the best way to plan Insurance is to add elements and gradually increase them.