White-collar workers will not follow Jackson: can not buy health insurance
Even if Michael Jackson and then famous, and no insurance company is willing to foot the bill for his health. Urban white-collar workers who do not become the next Jackson.

     Text / Yi-ping

     June 26, 2009, Michael Jackson died of a heart attack in Los Angeles at the age of 50 years. It was reported that no insurance company willing to sell insurance, the "King of sickness," said Michael Jackson, his death left a 500 million U.S. dollars of debt.

     This makes urban white-collar workers of the health problems are cause for concern. He died before he could, leaving only the classic between heaven and earth. If they are alive the purchase of health class, critical-illness insurance, hospital medical insurance, benefits-based insurance, and full of life, once got seriously ill, not only to reduce the burden of medical expenses, if the contingency can also have some money left to his family. This article describes the number of insurance principles to readers.

     Two priority principles:

     The family: economic mainstay of the principle of priority to the insured. Family insurance plan has a prevailing principle that members of the family in accordance with contribution to the economy determines the distribution of the proportion of insurance premiums. Such as the economic backbone of the general membership should be given priority, parents should take precedence over a child. Adequate insurance protection to adults in order to better protect children and family. Unexpected occurs if the family breadwinner, will have a devastating impact on the entire family. On the contrary, if he (she) can get a high insurance payment, you can give children and their families left behind a large living and educational expenses. "Parents" from another angle, so naturally it is the child's "insurance" of.

     Individuals: to safeguard the principle of product priority insured. Risk is not due to men and women or young and old, rich or poor and there is, for each individual case, are equal, it should first arrange themselves most in need of insurance types, that is, must take into account the priority of security products. The most urgent need of insurance types to be defined? The key is to look at what kind of insurance, the accident may bring economic harm to individuals the strongest. Usually, we will place a low probability, but the event will seriously affect the financial balance of the risk of the family first, the sequence of successively as follows: death (for the whole family to bring the greatest economic risk), disability (loss of labor and earning capacity) of major diseases (expensive medical expenses and nutritional expenses). The children's education costs, not necessarily limited to insurance products, should be based on the well-being of parents, other financial instruments to achieve.

     2 "10" principle:

     Insurance "Double Ten" principle is to calculate the sum insured and premiums as a reference method, that is, 10% of annual income used to buy insurance, risk insurance amount should be more than 10 times annual income (risk insured amount refers to the lives of the subject of insurance products, such as accident insurance, life-long life insurance, term insurance and so on, insurance liability for death or total disability.)

     Of course, in the actual purchasing process, because each family has a different financial situation, can not all be such a standard to calculate. Example, two families are 10 years of income a family of 50 million mortgage, have children to care and education, and another family has no children, no mortgage payments. So the first family the amount of insurance required to be high, must be able to cover the mortgage amount and the child's future education costs of lines, but the premium may be required spending is relatively small, may be less than 10%, because of their household finances The composition can be less disposable cash flow, insurance will not take up too much cash. A second family, you can put into a more high premiums (for example, 20% of annual income -30%) to carry out the insurance plan, because of its more disposable cash flow. At the same time, households with a higher income person, the level of protection should also be more, because he / she is the event of unfortunate financial impact on families is the most serious. According to each person in the family total income contributed by them in proportion to the allocation of premium costs.

     The formula for calculating the risk of the insured amount: the total household debt (mortgage, kids need education on to university fees, costs for parents of Xiao Yang, family, the future cost of living in a fixed number of years, etc.) - total household assets (savings, securities, investment nature of real estate, has been the risk insured, the spouse's income available to future work) = total amount of risk insurance.