Covid Unknowns Leave Survivors Fearing Life Insurance Rejection

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Insurance companies are afraid, said Bob Hunter, director of insurance at the Consumer Federation of America and a former Texas insurance commissioner. “This is classic insurance reaction. They did it after AIDS and SARS,” he said.

Individual and group life insurers can’t add riders to their policies to refuse to pay out benefits if someone dies of a specified illness like Covid-19, under the Insurance Compact’s standards.

But Hunter said he’s not aware of any state regulations that stop insurance companies from underwriting against a disease like Covid-19. Some survivors have already been denied a policy because they tested positive.

Bloomberg - Are you a robot?
 
Insurance companies are afraid, said Bob Hunter, director of insurance at the Consumer Federation of America and a former Texas insurance commissioner. “This is classic insurance reaction. They did it after AIDS and SARS,” he said.

Individual and group life insurers can’t add riders to their policies to refuse to pay out benefits if someone dies of a specified illness like Covid-19, under the Insurance Compact’s standards.

But Hunter said he’s not aware of any state regulations that stop insurance companies from underwriting against a disease like Covid-19. Some survivors have already been denied a policy because they tested positive.

Bloomberg - Are you a robot?
Quote from article, "“I would think they would insure us over people who didn’t have it,” Moyles said. “We’ve both tested twice for the antibodies,” meaning the couple has demonstrated some immunity to further infection."... Typical reaction from a person who is concerned with the events of tomorrow (as are most doctors) thinking she is a better risk because or reduced chances of getting COVID 19 again.. But, insurance underwriting is concerned with 20+ years down the road and as of now there is no data as to how having had COVId 19 will affect a person down the road. Increased heart issues?...... Respiratory issues such as COPD?... cancer?... Lack of data is what frightens insurance companies..
 
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