Tag: Assure

Many people think that buying a "lifetime actual payment medical insurance" will provide lifetime coverage, but in fact, most products have an upper age limit for claims, which is usually 75 or 80 years old. Lifetime means that the policy is valid, but it does not mean that the payment will be for life. It is recommended to read the terms and conditions carefully to confirm the coverage period and evaluate whether other policies are needed to supplement the coverage, so as to truly protect the medical needs of the elderly.

There are two logics for medical insurance: one is the "return type" with higher premiums but refundable upon maturity, which is suitable for people who value the sense of return; the other is the "pure protection type" that focuses on protection and has lower premiums, which is suitable for people who want to use a small amount of money to support high protection. There is no better one, the key lies in what you need most now.

There shall be no exclusions in the living annuity part of an annuity insurance contract. Exclusions refer to dangers caused to the insured due to intentional or illegal reasons. The insurance law expressly stipulates that the insurer is exempted from liability for compensation.