FDXer

Okay you said it not me.... Optional AD&D max for an employee is $235k. The spouse is covered at 75% of employee coverage and eligible children at 30%.

FreightDawgyDog

"Okay you said it not me.... Optional AD&D max for an employee is $235k. The spouse is covered at 75% of employee coverage and eligible children at 30%."

Thanks for the correction. For once I am glad to be wrong!

DLax85

1 yr LTD --- but with all insurance, each person's needs may be different due to other net worth or other non-FDX income.

Also, regarding the HW LTD, I think it's wise to take a hard look at it as you approach the last few years of retirement because I believe it doesn't payout until you've burned thru all your vacation, sick leave and disability.

If you have large balances in those banks, you may be paying for insurance you really aren't going to use under the conditions stated in the policy.

I'm going to revisit my decision when I hit 55.

Ultimately, the goal of any insurance is to cover yourself against losses you can't cover yourself --- not max it out, but rather minimize it intelligently.

Remember, across large numbers (not individually) insurance is an "expected value" gain for the insurance companies and an "expected value" loss for the consumers --- if not, they wouldn't work in such nice, shiny buildings.

SlvShpDrvr

excellent info......thanks!