Some Denied Life Insurance Due To Having Had COVID

Axios reports:

Because of the pandemic, more people than ever are seeking out life insurance — just as insurers seek ways to identify people who have had COVID-19, and in some cases deny them coverage.

If the coronavirus makes it harder for people to get life insurance — or to collect on existing policies — it could diminish access to an essential financial safety net.

Alarmed at clampdowns by underwriters in Europe, the Consumer Federation of America (CFA) just sent a letter to the National Association of Insurance Commissioners urging that U.S. insurance firms establish clear and transparent rules on life insurance eligibility and COVID-19.

Read the full article. Feels familiar, doesn’t it?