Over my time as an adviser I have heard some fantastic excuses as to why people feel that they do not want or need life and critical illness cover. I’ll share some of these excuses from the hall of fame with you.
- ‘If I die then my girlfriend will just have to move out and find her own place.’ This romantic said this whilst his girlfriend was sat next to him. They had been together for 16 years and she had followed him and his job around the globe.
- ‘Critical illness is just a massive con – they never payout, everyone knows that! ‘- Despite the fact that I had shown claims settlement history for 4 of the largest life assurers.
- ‘If I get a critical illness and can’t work I’ll just have to start selling myself on the streets.’ Not sure this guy had really weighed up his options.
- ‘I just can’t justify spending money on critical illness. I can see why it is worth insuring a Mercedes but not myself.’
- ‘If I get cancer I’ll just work through it.’
- ‘I’m not bothered about life insurance as I’m not likely to die but I am interested in buildings and contents insurance.’ – Did this maths teacher know something I didn’t?
- ‘I’m not bothered about life and critical illness insurance right now. My main priority is pet insurance for the new puppy.’
- ‘If I get a critical illness we’ll just sell the house and move in with my mum.’ – I wonder if this guy had discussed his plans with his parents, or his wife for that matter?
- ‘I’m fit and healthy so I’m not going to get a critical illness am I?’
- Why would I want to waste money on life assurance? I’d much rather spend the money on the lottery.’
Tue, May 26, 2009
Life Insurance, critical illness cover