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As 2 (ch3 insurance to protect assets (1 CI (why needs? (ease pressure…

- - - - ease pressure from recover period
      - not covered by medical plan
      - home renovations
      - choice to work part time
      - pay debt
    - - age between 18-25
      - allow child above 15 days but limited coverage, then convert when 18 or 25
      - coverage associate with age/financial/health/medical
    - - qualification period
        
        First 30 days of diagnosis, which not yet start cover
      - waiting period
        
        30 days after diagnosis
    - - must provide medical proof within 90 dayso0
    - - basic CI cover 4 Dread diseases
        
        heart attack/cancer/stroke/coronary bypass surgery
      - comprehensive CI
        
        cover 20+ conditions
    - - return of premium
        (tax free)
        
        1) if insured die not due to CI conditions, and not die during qualification an waiting period(60 days)
        
        2) if surrender after a few year
        
        3) if Maturity
      - waiver of premium
  - - - LTC: benefit based on amount need
        disability: benefit based on earned income
    - - can't buy order than 65
      - waiting period 0-90
      - able to perform activities of daily living (ADL) or not
      - qualification for benefit (two of them)
        
        cognitive impairment/ bathing / eating / move body/ toileting/ hearing/ continence
    - - Cost of living adjustment(COLA)
        
        adjust inflation
      - return of premium
    - - have overall coverage and daily maximum
      - benefit period is flexible
    - - life pay or fixed term
      - affected by elimination period