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.
“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.
Will receiving a COVID-19 vaccination stop me from getting life insurance coverage?
No. A COVID-19 vaccination has completely no bearing on a life insurer’s determination to pay a declare or situation new protection.
Can a life insurance coverage firm refuse to pay the dying profit on my current life insurance coverage coverage if my dying is because of COVID-19?
No. Louisiana Legislation doesn’t allow life insurance coverage exclusions based mostly on dying as a consequence of illness or sickness.
You probably have questions, you possibly can contact LDI Client Advocacy at 1-800-259-5300, choice 4.
In regards to the Louisiana Division of Insurance coverage: The Louisiana Division of Insurance coverage works to enhance competitors within the state’s insurance coverage market whereas aiding people and companies with the knowledge and assets they have to be knowledgeable customers of insurance coverage. As a regulator, the LDI enforces the legal guidelines that present a good and steady market and makes sure that insurers adjust to the legal guidelines in place to guard policyholders. You possibly can contact the LDI by calling 1-800-259-5300 or visiting www.ldi.la.gov. To unsubscribe ship an e mail to firstname.lastname@example.org.
Go to the COVID-19 Data Middle for vaccine assets.