Worst Joke Ever 2024

[Fat is a type of crazy]

1 hour ago, madone said:

 

Wow. I'm not a big believer in what I read anywhere, but the fact that someone apparently representing the company has taken the time to call everyone leaving a 1-star report a liar really turns me off.   

I know. I raised that in a previous thread that was deleted. What professional company responds like that. Odd. The first email received by Bubblegum 19 hours a go was strange too. Seems like a very small operation. 

[scubascuba3]

46 minutes ago, Henk Langeweg said:

So the policy of WrLife for each member is the one when that member stepped in? Doesn't fit with the practise of sending me a policy every year when I pay for a new year extension.

It's ok because if wrlife say the original t&c didn't apply when he claims he can get on the earliest flight to nevis and take them to court, although he may be too ill

[jerrymahoney]

1 hour ago, JBChiangRai said:

@jerrymahoney are you in any way connected with WrLife other than you bought their health insurance?

No -- just someone who has had an exposure to re-insurance and captive markets that doesn't ever get discussed on here.

 

My main reason for commenting is that, going back 2+ years, there were queries of anyone who has had claims paid by WrLife. While I would have preferred saying nothing, I decided to do otherwise.

[NanLaew]

Well, while the paint was drying, I had nothing better to do than wade through all those Trustpilot reviews.

 

I will be switching to WrLife soon.

[jerrymahoney]

On 10/22/2024 at 2:13 PM, scubascuba3 said:

Why would it be Nevis? maybe a good place for a work/hol combo

#6 worldwide non-US captive domicile

[Henk Langeweg]

Had some email exchange with my broker and this is the bottomline according to them.

 

"To clarify, the changes related to coverage for specific and degenerative diseases will be implemented upon your policy renewal."

 

For WrLife renewal means also extension of a existing policy.

 

So new members are affected but also EXISTING members.

Edited Friday at 08:02 AM by Henk Langeweg
spelling

[NanLaew]

WrLife are listing 33 degenerative diseases up front.

 

How many of these will other insurance companies cite as a reason to deny a claim?

[jerrymahoney]

It depends upon how much outpatient insurance you have, if any.

[JBChiangRai]

1 hour ago, NanLaew said:

WrLife are listing 33 degenerative diseases up front.

 

How many of these will other insurance companies cite as a reason to deny a claim?

Is old age one of them?

[jerrymahoney]

On 10/23/2024 at 8:06 AM, JBChiangRai said:

Stop deflecting and answer the question, Who is the underwriter of your policy?

Old Age? As above that is S-O-O-O funny. But as long as we're in comdey mode, how about this (with apologies to The Treasure of the Sierra Madre, 1948):

 

Underwriter? We ain't got no underwriter! We don't need no underwriter. I don't have to show you any stinkin' underwriter!

Edited 18 hours ago by jerrymahoney

[NanLaew]

3 hours ago, JBChiangRai said:

5 hours ago, NanLaew said:

WrLife are listing 33 degenerative diseases up front.

 

How many of these will other insurance companies cite as a reason to deny a claim?

Is old age one of them?

 

Does the fact that most insurance companies won't take on anyone +70 answer your question?

 

Can't have a claim denied if they won't sign you up from the get-go.

[brewsterbudgen]

6 hours ago, JBChiangRai said:

Is old age one of them?

No.

[jerrymahoney]

On 10/22/2024 at 1:55 PM, JBChiangRai said:

On 10/22/2024 at 1:45 PM, jerrymahoney said:

This is the current policy document:

 

https://www.wrlife.net/documents/WRLIFE POLICY ENGLISH.pdf

 

And it's clear who the insurer is "Insurer: insurance company or captive or compartment of captive or protected cell of captive"

 

https://www.vermontcaptive.com/captive/

Edited 4 hours ago by jerrymahoney

[JBChiangRai]

2 hours ago, jerrymahoney said:

 

https://www.vermontcaptive.com/captive/

Oh silly me, that’s alright then.

 

And there was me thinking the other reason someone might do it was to keep all the premiums and get rich.

[jerrymahoney]

9 minutes ago, JBChiangRai said:

Oh silly me, that’s alright then.

 

And there was me thinking the other reason someone might do it was to keep all the premiums and get rich.

Only time will tell, huh?

 

... or as the the long beleaguered Chicago Cubs fans used to say: Wait 'Til Next Year

Edited 1 hour ago by jerrymahoney

[Etaoin Shrdlu]

Captive insurance companies are typically set up to pool the risks of a large corporate's own subsidiaries.  It is the element of exclusively insuring the risks of the parent company that makes an insurer a captive.

 

Captive insurance companies are almost exclusively used as reinsurers, not direct insurers, due to licensing and regulatory issues.

 

I would not consider WRLife as a captive insurer within the industry's use of the term.