05-01-2011, 08:22 PM
(This post was last modified: 05-01-2011, 08:25 PM by mrEngineer.)
(14-12-2010, 06:34 PM)mrEngineer Wrote: I have reviewed my policies and here it goes:
Term policies
H&S GE Supremeshield and maybe totalshield for private hospital
Disability GE Paysecure $3000/mth up to 65
Life SAF Aviva Group Term Insurance $200k
CI SAF Aviva Major illness 200k
WL policy
Limited payment GE 20 years $50k with CI
Putting a hold on my H&S policy as I realized that I have coverage from my company. As it does not matter when I start, premiums just adjust according to my age and insurance companies only able to reimbursement up to max of the hospital bill, no point for me to purchase H&S insurance now.
It is more applicable for self employed or those working with employers without H&S insurance benefit