Mirae Asset Retirement Research "Ages 50-60, Final Stage for Insurance Management... Payment and Maturity Confirmation Essential"

Publication of Happy Retirement Power Plant Issue 13

[Asia Economy Reporter Minwoo Lee] Mirae Asset Retirement Research Institute introduces a comprehensive strategy for managing insurance assets for the 50s and 60s generation.

On the 2nd, Mirae Asset Retirement Research Institute announced the publication of "Happy Retirement Power Plant Issue 13," which contains this content. This issue focused on insurance asset management strategies for the 50s and 60s generation to prepare for old-age medical expenses. It included insurance strategies to prepare for the four major diseases threatening old age: cancer, cardiovascular and cerebrovascular diseases, dementia, and dental diseases.

In the case of cancer, it emphasized that checking the start date, maturity, and payment period of related indemnity insurance is fundamental. It also explained the need to check the diagnosis insurance amount by cancer type and whether recurrent cancer is covered. If insurance premiums are burdensome, considering insurance without maturity or surrender refunds was also recommended.

Specifically, cardiovascular and cerebrovascular diseases, divided into cerebral hemorrhage, cerebral infarction, myocardial infarction, and angina, may have different covered diseases depending on the insurance, so caution was advised. It was explained that one should also understand the appropriateness of diagnosis insurance amounts, coverage of hospitalization and surgery insurance, and reasons for exemption from premium payments. It was advised that chronic disease patients such as those with hypertension consider using simplified underwriting insurance when newly subscribing.

For dementia insurance, attention to maturity was urged. It was recommended to design coverage to last until age 100 or for a lifetime if possible. Whether mild dementia is covered should also be checked, and it was advised to designate a proxy in advance. It was explained that if a disability coverage rider exists in existing indemnity insurance, insurance benefits may be received if diagnosed with dementia.

Dental diseases require caution due to the high out-of-pocket ratio for medical expenses and frequent occurrence. First, it is necessary to check whether existing insurance includes a fracture diagnosis rider and whether the surgery rider covers alveolar bone graft surgery. This is because part of the costs for tooth fracture and implant treatment can be covered. When subscribing to dental insurance, it was emphasized to understand the coverage start date, insurance benefit reduction period, covered treatment items and amounts, and the number of times covered.

Additionally, the issue included "Global Retirement Stories" featuring overseas retirement news, "Well-Aging," health secrets after retirement by Kim Heon-gyeong, head of research at Tokyo Health Longevity Medical Center, the cartoon "Old" by cartoonist Hong Seung-woo, and the mental health column "Healing Life" by Professor Yoon Dae-hyun of the Department of Psychiatry at Seoul National University Hospital Gangnam Center.

Meanwhile, "Happy Retirement Power Plant" can be received by mail through subscription and is also available as an e-book on the Mirae Asset Retirement Research Institute website.

This content was produced with the assistance of AI translation services.