Well.... Crap. I can think of many other words, but that sums it up. M and I are in the process of getting some of our financial things in order. I'm basically the bread winner. What the heck does that mean anyway? Did people enter contests to try to win loaves of bread? Same with bringing home the bacon? But I digress. It is my income that pays our mortgage and most of the bills. M most definitely contributes, but we could squeak by without her income, we can't even squeak without mine. So one of the items on my list of things to check out was something called mortgage disability insurance. This would pay the mortgage payment if some thing were to happen to me to keep me from working and being able to earn the income needed to pay it. Sounds good. Should be easy enough. I know M had a similar policy a few years back. So I stopped in to see our insurance agent. Uh Oh.... I have .... M. S. which apparently means I can't qualify to get any disability insurance. She apologied and said she was sorry, but that they can't write policies for that exclusion for any form of disability insurance or life insurance. Hmmm.... so I couldn't even get life insurance? Well... I currently have both life insurance and disability insurance through my work. Wonder if they are still valid? wonder how I would find out? or if I should even open the can of worms to ask? Sometimes it is nice to play ostrich and stick your head back in the sand.
From what I understand, those policies are still ok, but private insurance won't write policies for "our kind"... you know... the ones with .... M. S.
What a bummer. I know I have MS, but really, I'm relatively healthy otherwise. Ok, I have bad knees thanks to the osteoarthritis, and I'm over-weight. I am working on the weight thing tho, M & I both have been, counting points with weight watchers, working out, riding our bikes, using our wii. We are doing pretty good with it too. I've lost 14 lbs since beginning of July. Still have a lot to go, but that's an accomplishment.
So, hopefully things will continue, and I will still have a lot of productive working years ahead and we won't need to worry about how to pay that mortgage. The 66% disability from work's policy would be a significant pay cut. And it really isn't that we couldn't make it on less if we had to, but it would also mean making a lot of changes, downsizing, etc.
We will just have to look at the whole finance thing from all the angles and see where to go from here. This news doesn't really change anything, but it is still a bummer. Leaves a little more uncertainty hanging out there.