Independent Life Insurance Reviews

Cumis Insurance Life Insurance Reviews

(6 reviews)
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Category: Coverage, Conditions
(1.2 out of 5 stars)
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0 stars... Don't do it.

 
(1.0 out of 5 stars)
by 0 stars Jan 26, 2019
...I signed up for Cumis Life and Loss of Employment Insurance last year. At the time I had been with my employer for over 9 years with very few complaints. I noticed a shift in management behaviours and opted to insure myself and my family (to help cover mortgage payments) in the event of loss of employment. Sure enough, things went downhill quickly at work, and despite my best efforts to appease my employer, I found myself out of a job. I received a certificate number and summary with a benefit effective date of insurance from Cumis (as well as the premiums benefit amounts etc.) It seemed pretty cut and dry to me; I lost my job after the policy was in place but I was denied as my coverage had not been in place for 60 days prior to losing my job and they refused to pay. Honestly, with 4 kids and a wife counting on me, the last few months have been about as stressful as it gets, and it was clearly a mistake to rely on Cumis for any sort of peace of mind. I would strongly urge anyone considering insuring themselves with Cumis to look elsewhere...
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Did you know there is a 35% chance of developing a critical illness before you are 65 and 65%-70% chance before you turn 81? That means getting a critical illness insurance quote is no less important than getting life insurance. Your choice.
 

Scam

 
(1.0 out of 5 stars)
by tjjewett Oct 16, 2018
...Paid life, mortgage, accident insurance. Had an accident and was off work for 3 months and got denied for the claim because I didn't put I have acid reflux on the medical forms...
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Don't waste your time or money

 
(1.0 out of 5 stars)
by Hanging by a thread! Nov 06, 2015
...We applied for our disability insurance and we have spent the past 5+ months waiting for a reply and have been denied. At $420/mth, they like to take your money, but not pay a claim. They have asked for almost our entire medical history. Ever hear of the privacy act? Do not use this company! They will find every excuse to Not pay out. What kind of insurance company is this? Thanks Steinbach Credit Union for supplying us with a useless insurance company. If this is the insurance company your bank/credit union offers you, find your own. They will never pay out. They will come up with every excuse. Let you go broke, and then the bank forecloses. Our loans officer even told us to find a different insurer. I do not give this company any rating at all, but you have to choose at least one star to submit this review...
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Planning to get life insurance to protect your family, including children? Make sure that you get enough coverage. According to studies, it takes about $250,000 in total to raise a child to the age of 18 (and that doesn’t include any post-secondary education costs).
 

Worst Company Ever

 
(1.0 out of 5 stars)
by Amanda Jul 27, 2015
...The whole point of insurance is to protect yourself if something happens unexpectedly. This company did everything they could to avoid a payout on a family member. I am beyond disgusted at the steps they took through court. In the end, the consumer can't win because the legal fees could have been as much as the payout. I hate Cumis for causing so much stress and frustration. Do not trust anything this company has to say...
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CUMIS is Terrible

 
(1.0 out of 5 stars)
by sarahyes Jul 10, 2013
...I had a terrible experience with cumis, after years of paying insurance to cover loss of employment when the time finally came they denied me saying I was on a contract. Yes, doesn't everyone sign a job contract. Even though all the appropriate paperwork was given, even thought the government even said that I was laid off and entitled to coverage they refused my claim. All those thousands of dollars paid into a crap insurance company...
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Did you know that if you are a 30-year old male, a term life insurance policy for 20 years with coverage of $200,000 will cost you around $19/month? Getting your term life insurance quote today will allow you to benefit from a great rate.
 

N/A

 
(3.5 out of 5 stars)
by Anonymous Apr 11, 2012
...There are not a lot of choices when one is diabetic and Cumus is one of the few options I had...
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