Category: Insurance tips Release Date: 2006-08-01
Life Insurance is the subject of human life and body, is generally believed that its value can not be measured by money, so how much insurance to buy the right, the main consideration should be given to the protection needs of its own size and affordability to ensure the insurance amount of high demand high, and vice versa. If the pursuit of low pay, which will reduce the insurance amount, then the insurance will lose its role, the risk occurs when people feel "enough money"; in turn, their blind pursuit of high-paying high sums insured and the insurance payment, it will give you a lot of pressure to increase the economy. Similarly, the insurance has lost its meaning, becomes a burden.
In setting insurance requirements, first of all, should be clearly insured person in the family "status": If it is the family breadwinner, the insurance needs of family members covered by the financial needs of the insurance amount could be considered more appropriate, because he to maintain the economic stability of the family played a pivotal role. If it is a child, or little economic impact on families can be considered a corresponding reduction in the sum insured. At present, China's Bao Control Yuan the amount of insurance for children insurance, limited to below 50,000 yuan.
This equation can be calculated by commercial insurance needs:
Commercial Insurance Requirements = the cost of the risk of leading to the demand - social insurance payments
For the average person, use this formula to determine the amount of insurance is clearly not clear enough, you can refer to the following simple method of "insurance premium" and cost to determine a certain range of numbers: "Insurance Amount" shall be the insured person's own years of income of about 5 times; insurance can be considered for the insured income (income after subtracting the balance of a variety of taxes) of 10% -20% is appropriate.
Finally, note that the premium for your insurance needs and affordability, are likely as the family structure, income and changes in the external economic situation changes, so you need will be a corresponding change in the number of insurance. In this regard, we recommend that you check on the insurance policy on a regular basis, timely Canada to buy insurance or to consider other measures, so you always have the right protection.
