1, the cost is too high
In the age group of 45 and above, the premium of critical illness insurance is usually higher. This is because of the leverage effect. The older you get, the higher the risk of serious illness. Therefore, insurance companies need to raise premiums to increase insurance profits. For some people aged 45 and above, you can consider buying other forms of health insurance or term life insurance to avoid the risk of serious illness and reduce the economic burden.
2. Asymmetry of risks and benefits
With the growth of age, people gradually enter retirement age, and some welfare policies and social security systems also begin to play a role at this time. Therefore, the income source and interpersonal network of the insured have changed, and the corresponding demand for compensation protection will also decline.
3. Some diseases are not covered.
Diseases such as cataract and knee arthritis are usually not covered by critical illness insurance.
People aged 45 and above need to buy appropriate insurance coverage and insurance period according to their own situation, so as to reduce unnecessary expenses and avoid risks.
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