LDI corrects false details about COVID-19 vaccines and life insurance coverage

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The Louisiana Division of Insurance coverage (LDI) is urging the general public to watch out for misinformation circulating on social media websites claiming that receiving a COVID-19 vaccination would end result within the dying profit not being paid on current life insurance coverage insurance policies or would lead to a person not having the ability to acquire new life insurance coverage. Different rumors counsel that life insurance coverage insurance policies don’t cowl dying as a consequence of COVID-19. This info is fake.

The following was released April 16

“These rumors are unfaithful, and your life insurance coverage investments usually are not affected by your determination to be vaccinated towards COVID-19,” mentioned Insurance coverage Commissioner Jim Donelon.

The LDI solutions the next incessantly requested questions:

Can a life insurance coverage firm refuse to pay the dying profit on my current life insurance coverage coverage if I obtain a COVID-19 vaccination?

No. Louisiana Legislation doesn’t allow life insurance coverage exclusions based mostly on the insured individual having obtained a vaccination. Life insurance coverage coverage contracts clearly state how the insurance policies work and what, if any, causes may result in denial of claims. A vaccine for COVID-19 shouldn’t be a trigger for denial, and life insurers don’t take note of whether or not or not a policyholder has obtained a COVID-19 vaccine in figuring out whether or not to pay a declare.

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