Follow up on closed topic WRLive still ok?

[bubblegum]

Today I received my renewal and along with it came the new policy. THIS IS NOT the same one as the original. In said topic we discussed the changes in waiting time for degenerative diseases. Here is the text:

 

Specific diseases: Hypertension & Cardiovascular Disease, All Tumors, Polyp or Cyst, Hemorrhoids, Prostate Disease, Diabetes, Cancer, Endometriosis, Cholecystitis, Cholelithiasis, Calculi of the Urinary Organ. Always 6 months waiting period in any case (1 year waiting period for Hernias) Degenerative diseases: Alzheimer's disease (AD), Amyotrophic lateral sclerosis (ALS, Lou Gehrig's disease), Charcot–Marie–Tooth disease (CMT), Chronic traumatic encephalopathy, Cystic fibrosis, Some cytochrome c oxidase deficiencies (often the cause of degenerative Leigh syndrome), Ehlers Danlos syndrome, Fibrodysplasia ossificans progressive, Friedreich's ataxia, Frontotemporal dementia (FTD), Huntington's disease, Infantile neuroaxonal dystrophy, Keratoconus (KC), Keratoglobus, Leukodystrophies, Macular degeneration (AMD), Marfan's syndrome (MFS), Some mitochondrial myopathies, Mitochondrial DNA depletion syndrome, Mueller–Weiss syndrome, Multiple sclerosis (MS), Multiple system atrophy, Muscular dystrophies (MD), Neuronal ceroid lipofuscinosis, Niemann–Pick diseases, Osteoarthritis, Osteoporosis, Parkinson's disease, Pulmonary arterial hypertension, All prion diseases (Creutzfeldt-Jakob disease, fatal familial insomnia etc.)Progressive supranuclear palsy, Retinitis pigmentosa (RP), Rheumatoid arthritis, Sandhoff Disease, Spinal muscular atrophy (SMA, motor neuron disease), Subacute sclerosing panencephalitis, Substance Use Disorder, Tay–Sachs disease, Vascular dementia (might not itself be neurodegenerative, but often appears alongside other forms of degenerative dementia). Always 5 years waiting period in any case.

 

I'm in contact with the CEO who tell me I have his word it does not apply to me. "So send a correct policy" I replied. Still waiting.

[Etaoin Shrdlu]

I'm quite sure that the OIC here in Thailand would not allow an insurer to add new exclusions at renewal unless the insured had failed to disclose a pre-existing condition in the original proposal. While I have no idea what the regulator on Nevis would or would not allow, it would certainly be unusual for a reputable insurer to do so.

 

I suspect that the intent of WRLife is to apply this new exclusion only on first policies issued after a certain date and this wording would not be applicable to renewals of policies issued prior to the introduction of the new wording. You are correct to request written evidence of this, preferably in the form of an endorsement to the policy itself. Keep your old policies so you could prove what the original terms and conditions were when you first obtained cover.

[brewsterbudgen]

This has been covered in another thread.  I'll try to find the link, unless someone else can find it more quickly.  If I remember rightly there was an explanation from the company.  I am a policy holder and my broker queried this with them at the time of my renewal, to both of our satisfaction.

[Henk Langeweg]

WrLife told me this change only applies to new members or when you change the subscription yourself, even when you go from yearly payment to monthly payment, they will declare that as a new policy with a new member number. When you had your contract starting a few years ago without interruption then the policy stays the same as when you applied.

[bubblegum]

This is a simple renewal, no change at all. AA Insurance is now looking into it. In the last topic (I think it was started by @Henk Langeweg) some was clarified but the wordings in the policy refer to coverage. Not new nor renewed coverage. Just coverage.

 

 

[scubascuba3]

Keep a full audit trail of documents so if you have to fly to Nevis after a large claim denied you have the evidence

[Etaoin Shrdlu]

12 minutes ago, bubblegum said:

This is a simple renewal, no change at all. AA Insurance is now looking into it. In the last topic (I think it was started by @Henk Langeweg) some was clarified but the wordings in the policy refer to coverage. Not new nor renewed coverage. Just coverage.

 

 

 

I think it would also be interesting to ask AA Brokers to request copies of audited financial statements from WRLife.