would like to disagree on a few things with the other guy, so because i want to point out the other side of the field.
1) 36 CI - 20k is kinda little. but agree, at least 100k
2) life insurance portion and PA (acci guard) - seriously, at 25, i'm assuming no dependents, so there's really no urgent need to increase the death benefit portion. although one may argue, the benefit is also payable upon permanent disability.
3) would like to point out somethings for considering. at 25, i assume his working with company benefits. better to ponder if the benefits below are necessary. if no company benefits, ignore the below.
Pruacci med 5k - the benefits covered for this is redundant really. you can just claim from the employer.
Pruacci income - also, this weekly income, considering that most employed ppl actually still get paid due to sick leave, is it really necessary?
PruMed 50 per day - my understanding is this gives cash for hospitalisation and extra if ICU, and additional coverage for surgery. Employer would have covered this as well. if not, the medical R&B 400 is gonna be more than enough to cover the hospital bill. and surgery, would also be covered
though cancelling these few items would probably save very little as these are not the expensive things, but a penny saved is a penny saved. then again, i shouldn't jump to the boat of advising cancelling this and that. the best thing is probably, put a pillow under your head and judge, what is indeed needed in your brother's case.
PS: my opinion is, buy what you need, cancel what you don't need. extra cash when you have a mishap is great, but, you really need that?
Thank you for your advice.
However, I am not sure that my brother's company does provide any insurance coverage for him. I do remember they have their own panel clinic for minor illness but in terms of insurance card given to me, i doubt so. He didn't mention anything about insurance from his company though he went to hospital recently.
Aug 21 2014, 07:10 PM
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