Vaccine Death Voids Life Insurance?

[sumdumguy]

At least 9 European countries have discontinued use of the Astra Zeneka vaccine but our Tammy says its valuable enough to continue its use.

[dmlfarmer]

Did you call your insurer or is that your gut hunch? You may want to get that in writing from your insurer.

In post #4 of this thread I provided a statement from Manulife saying not only does getting a Covid vaccination not negatively impact your coverage but the company even supports covid vaccinations. And in post$#3 I provided a statement from the Life Insurance Association of Canada calling the rumor you posted false and that a covid vaccination does not negatively impact coverage.

Yet you continue to share obvious rumors and disinformation and tell us to check with our insurers. How about you providing any proof at all of any actual insurance company denying coverage because of vaccinations. By proof I mean a statement in the policy as GDR calls for, or a letter from an agent denying coverage if you get a covid vaccination instead posting some anonymous statement on twitter making an unverified claim. Why don't you do what is suggested in your original post and do some research before posting innuendo and garbage

[LEP]

Not a big fan of life insurance companies. Know of a guy that died of cancer. He never listed gout on his application form as he didn't even know he had it. The autopsy stated that he had gout. Even though he clearly died of cancer, and not gout, the insurance company didn't pay out his policy.

Not gonna donate to an insurance company so that they can deny coverage at the time of death and make a bad situation worse to deal with for my family.

Likely on a mortgage insurance policy whereby you are qualified after you die. Which most people don’t know.

[LEP]

Did you call your insurer or is that your gut hunch? You may want to get that in writing from your insurer.

After 2 years they pay on suicide. Hard for me to believe that they could exclude this unless it is in the first two years.

[GDR]

Not a big fan of life insurance companies. Know of a guy that died of cancer. He never listed gout on his application form as he didn't even know he had it. The autopsy stated that he had gout. Even though he clearly died of cancer, and not gout, the insurance company didn't pay out his policy.

Not gonna donate to an insurance company so that they can deny coverage at the time of death and make a bad situation worse to deal with for my family.

Flea beetle, I suspect you only have partial info here, dont dismiss an opportunity based on rumors. Lep is correct in his posts. Group coverage like you get from a credit card company or being in the cereal of the month club, vs an individual life policy are very different. The mortgage insurance Lep mentions is still a group policy too.

A life policy is a unilateral contract once issued, the company has all the rights to rate or decline you before hand but once the contract is delivered the only party able to change or cancel is the customer. There are 2 clauses in a policy that could result in non payment.

#1 Contestability- for 2 yrs the company can deny in a situation of misprepresentation or outright fraud. (not the situation you describe at all)

#2 Suicide for the first 2 yrs. As a deterrent for someone buying today trying to cash in tomorrow. Interestingly I was involved with a death by suicide claim of a young mother at 2 yrs and one day, I was concerned there may be an issue but not one question or comment from the company.


I am no longer in the business and am just a farmer, but have never seen a hiccup of any sort in the claims process during my time. Further to Leps post, those with mortgage insurance or other group coverage, would be a good idea to explore individual coverage.

[foragefarmer]

GDR and DLM

Thanks for posting beneficial information regarding insurance policies.

The Facebook, Twitter, Snap Chat etc etc posts need to be quashed here on Agriville.

Way to many of them!

[AlbertaFarmer5]

In another thread recently accusations were thrown around about who and what could be driving posters away from the site.

I'll vote for topics like this.

Why are a bunch of farmers at each others throats over something as obscure as this on a supposedly commodity marketing forum?
I can't see how this is remotely relevant, or why it would be contentious in the least to the target audience?
Edit, I'm referring to the COVID vaccine Is going to kill us all argument, Not the life insurance as a financial planning tool topic, Which is well worth discussing.

[blackpowder]

As someone who has heard of or lived through a lot of bad decisions regarding this matter. I'm a little surprised the number of businessmen here who dont know this stuff.

[blackpowder]

Then the right policy may have a large annuity value possibly tax free.