Oct 13 2020, 09:56 AM
QUOTE(coolguy_0925 @ Oct 13 2020, 06:15 AM)
Yes I will do that if the agent did not come to visit us in a month's time
Since the letter mentioned the new premium will only have to be paid in December 2021, December 2020 will still be at existing premium I guess I can still wait until at least mid 2021 to visit the office hopefully after COVID-19 subsides
No worry, I will decide with reference to your info but finally it will be my recommendation / responsibility with her decision / consent, no we are not relying on her for income but in the past before we started work yes
We still can share her premium now but it sounds like no ending if every few years they jsut send a letter telling you a 15% hike like how are we gonna absorb that
Back to the letter, it was like what you mentioned that they said the hike is due to increase in medical cost, the same old story as the previous hikes
Option 1 you mentioned even if you increase your premium, your cash value may still decrease but at a slower rate. but I thought it was as simple as units of unit trust bought x unit price, or you are referring to the rate of increase after each premium might not be in par due to allocation?
Option 2 maybe the weekly indemnity but let's see how much will eb the impact to the premium. AMR will keep as with her CI touch wood she tend to fall
RM40k PRULink Assurance Plan, from the wording I guess it is only claimable due to natural death and illness disablement. But the difference with ADD? One is natural cause one is accident?
The letter also have a table of projection and it shows the amount will be like RM7k++ at age of 70+, means they will revise the premium towards RM7k++ according to the schedule?
To surrender the policy will be an option after 70yo but in this case we "rugi" because the PMM3 and Enhancer that we paid years before had already factored in additional $$$ for 70 - 80yo I believe?
We are following up at Gov facility for her CI and it was zero medical cost to date. Earlier we were with a private specialist but all he did was no difference with Gov Hospital, which is by using drugs to control & reduce the symtoms
Wonder if we could remove the agent totally as I was doing all the job even during her TKR surgery time. Of course the claim for surgery was submitted by the hospital but pre / post claim was submitted by me but luckily the staff at Prudential office filled the form herself for us. Thank goodness the office is not too far from me
Thanks a lot for your time
Honestly I do not think we need Room @ RM250 as her recent TKR staying at twin sharing was not even reaching RM100/day
However, since she is diagnosed with CI now I do not think RM3k will be the premium and again the premium might also be increased in future with just a letter away
Nevertheless, thanks for your info
Weird that in your previous post you've mentioned that your mom has no pre-existing illness but over here you're talking about her claiming for some CI.Since the letter mentioned the new premium will only have to be paid in December 2021, December 2020 will still be at existing premium I guess I can still wait until at least mid 2021 to visit the office hopefully after COVID-19 subsides
No worry, I will decide with reference to your info but finally it will be my recommendation / responsibility with her decision / consent, no we are not relying on her for income but in the past before we started work yes
We still can share her premium now but it sounds like no ending if every few years they jsut send a letter telling you a 15% hike like how are we gonna absorb that
Back to the letter, it was like what you mentioned that they said the hike is due to increase in medical cost, the same old story as the previous hikes
Option 1 you mentioned even if you increase your premium, your cash value may still decrease but at a slower rate. but I thought it was as simple as units of unit trust bought x unit price, or you are referring to the rate of increase after each premium might not be in par due to allocation?
Option 2 maybe the weekly indemnity but let's see how much will eb the impact to the premium. AMR will keep as with her CI touch wood she tend to fall
RM40k PRULink Assurance Plan, from the wording I guess it is only claimable due to natural death and illness disablement. But the difference with ADD? One is natural cause one is accident?
The letter also have a table of projection and it shows the amount will be like RM7k++ at age of 70+, means they will revise the premium towards RM7k++ according to the schedule?
To surrender the policy will be an option after 70yo but in this case we "rugi" because the PMM3 and Enhancer that we paid years before had already factored in additional $$$ for 70 - 80yo I believe?
We are following up at Gov facility for her CI and it was zero medical cost to date. Earlier we were with a private specialist but all he did was no difference with Gov Hospital, which is by using drugs to control & reduce the symtoms
Wonder if we could remove the agent totally as I was doing all the job even during her TKR surgery time. Of course the claim for surgery was submitted by the hospital but pre / post claim was submitted by me but luckily the staff at Prudential office filled the form herself for us. Thank goodness the office is not too far from me
Thanks a lot for your time
Honestly I do not think we need Room @ RM250 as her recent TKR staying at twin sharing was not even reaching RM100/day
However, since she is diagnosed with CI now I do not think RM3k will be the premium and again the premium might also be increased in future with just a letter away
Nevertheless, thanks for your info
Which is which ?
Then again if she is diagnosed with any illness at the moment, you have no other choice but to stick on this one and only insurance plan. Whether it's still worth keeping it or self insure yourself is the next question.
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good to hear that, gratz
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