UNUM Income protection Insurance

Currymonster_2

Hi, I have been paying into my UNUM Income protection insurance for several years now.

I am constantly seeing stories where Insurance companies refuse to pay by worming out due to pre-existing conditions or something seen on medical records which may have not been disclosed.

As a result of this i am wondering if it is really worth continuing with the payments.
I recently visited my GP for a cholestorol check which prooved to be ok, but he said there was evidence of an enzime in my blood which would suggest i am a heavy drinker.

I must admit to liking the old booze a bit but i am certainly not an alcholic!

I am worried that this will have gone on my medical records and IF I ever have to make a claim the "worming out" dept at UNUM will spot this and use it as an excuse not to cover me for probably any illness.

What do any of you suggest i do, I only have the statuatory sick pay conditions in my employment contract.

I have Income replacer insurance with Abbey who provide my mortgage, this policy will pay my bills in the event of Sickness or redundancy, maybe I should cancel the UNUM and increase the cover a bit with the Abbey Policy.

Any idea's greatly appreciated

Regards

CM

dunstonh

I am constantly seeing stories where Insurance companies refuse to pay by worming out due to pre-existing conditions or something seen on medical records which may have not been disclosed.

Yet only around 5% of claims are rejected for that reason. Its funny how only 5% of claims being rejected for non disclosure steals the limelight and not the 85% odd that get paid out successfully.

What do any of you suggest i do, I only have the statuatory sick pay conditions in my employment contract.

So you would be stuffed if you had a long term illness without a PHI policy.

I have Income replacer insurance with Abbey who provide my mortgage, this policy will pay my bills in the event of Sickness or redundancy, maybe I should cancel the UNUM and increase the cover a bit with the Abbey Policy.

Surely it would be the other way round if anything. The Abbey one is underwritten at point of claim. PHI is underwritten at point of sale and covers far more things.