Will my vaccination status affect my life insurance?
Will my vaccination status affect my life insurance? Much is speculated on how the fact of not being vaccinated can influence the price of life insurance, especially when it is known that 95% of hospitalizations and deaths from COVID-19 occur in unvaccinated people.
A recent article published in THE CONVERSATION magazine argued that although insurance companies are free to price their policies based on risk factors that can lead to death, “large life insurance companies in The US is not taking into account whether or not the insured person is vaccinated ”.
However, the article continues, “some small life insurance companies acknowledge that they are asking high-risk policyholders their vaccination status.” But it does not clarify whether they reflect such information in premium prices.
On the other hand, the publication refers to “a study that compared different life insurance policies, from 2014 to February 2021, and found that the prices of premiums and coverage had not changed during the pandemic.”
“The most important thing,” he said, “is that the premiums and coverages of existing life insurance plans will remain unchanged. Policyholders who die from COVID-19 will be covered, “the note clarified.
Univista Insurance specialists can give you all the information you need to know about life insurance.
It is key that you have the possibility to guarantee the financial well-being of your loved ones in case you are absent. Will my vaccination status affect my life insurance?
Know that at Univista Insurance you can buy the cheapest life insurance with the best benefit on the market.