Junkii and I decided to sign up for Critical Illness Insurance – essentially a protection in the event that either of us falls victim to strokes, cancer, heart attacks, or a whole host of other diseases and disabilities. The insurance would protect us in the event that either of us is unable to work as a result of whatever horrible illness befalls us.

But we’re having second thoughts – not because it’s not a good idea, but rather because we’ve had a bit of hassle from the insurer.

We already spent two hours with our financial advisor going through the insurance company’s questionnaire – detailing our family histories and our own medical records – but now they’ve come back with more follow-up questions.

What we object to most are their questions about our previous trips. They want loads of detail about which countries we’ve been to – especially about Southeast Asia. That was back in 2009! It hardly seems plausible that the insurer would have any qualms about our current state of well-being based on a trip that happened almost two years ago. And yet, they seem to be considering whether they want to balk or not based on that trip.

It makes us both leery about signing up for CI insurance if the company is just going to try to find a loophole to prevent having to pay us. Well, we’ll see who has the last laugh. We were very thorough and gave our travel dates for the last 10 years. If they agree to insure us after having all that knowledge, they better not try to screw us if we get kidney failure.


3 responses »

  1. happypoppeye says:

    Sounds like a scam …or not really a scam, but something that is just not needed. I hate insurance, all of it, and any type of it. I wouldn’t do it, but then again, I hate insurance. If it’s that critical, shouldn’t you be dying soon and not have to worry about this stuff anyway? SCAM

    🙂 …sorry, had to put my opinion up there.

    • RoC(k)r says:

      Don’t apologize – we definitely share your opinion of insurance companies. We’re just suckers. we like to think we’re giving ourselves some measure of security, but they’ll likely try to cheat us if we ever do get sick.

      In the end, if we don’t make a claim, we do get our money back in about 20 years – just without interest. So it might not be a complete loss.

  2. happypoppeye says:

    Why don’t you just take the monthly money you would spend on that and put it in the bank. I bet after a few years it will add up, and then when your old you can take a trip to SE Asia again, and send the insurance agent a postcard…

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