Why COVID-19 Vaccination Doesn’t Disqualify You from Life Insurance

Does Getting a COVID-19 Vaccine Impact Your Life Insurance?

The rollout of mass COVID-19 vaccination campaigns around the globe remains a welcome milestone toward returning to normal life. As more people get immunized, corona-related complications and deaths should keep declining day by day. Life insurance companies should naturally love this because it’s in their best interest for policyholders to remain healthier and live longer.

However, an unsubstantiated post shared on social media pages makes an outrageous claim about COVID-19 vaccination and life insurance coverage. According to the post, insurers won’t pay out the death benefit if the policyholder gets the COVID-19 vaccine and dies because the vaccine is still experimental. Here’s a look at why this claim is false.

The American Council of Life Insurers (ACLI) Itself Rejected the Claim

Credible authorities have come out to dismiss the fake claim linking COVID-19 vaccination to life insurance death benefit pay-outs. Responding to the misinformation, the American Council of Life Insurers (ACLI) stated that its members don’t base their decision to pay a claim on whether or not the policyholder has received a COVID-19 shot.

“Life insurance policy contracts are very clear on how policies work and what cause, if any, might lead to the denial of a benefit. A vaccine for COVID-19 is not one of them,” said the council’s Senior Vice President, Policy Development, Paul Graham.

Graham sought to assure policyholders that COVID-19 immunization has had no impact whatsoever on the life insurance claims-paying criteria.

Weighing in on the controversy, the Canadian Life and Health Insurance Association (CLHIA) stated that receiving a COVID-19 vaccine would not impact an individual’s ability to receive life insurance or supplementary health insurance coverage or benefits. The organization emphasized its members’ confidence in vaccination as a highly effective COVID-19 infection and death prevention solution.

FDA-Approved Vaccines for Emergency Use Aren’t Experimental

Right now, various countries around the world, including the U.S., are administering the Pfizer, Moderna, or Johnson & Johnson COVID-19 vaccines. The U.S. Food and Drug Administration (FDA) doesn’t consider these shots experimental as wildly claimed on social media.

If you have received or are hoping to receive any of these vaccines, rest assured that they’ve attained the FDA’s emergency use authorization (EUA) status. The FDA authorizes a medical solution for such application only after its clinical trial data shows that the solution’s health benefits outweigh its potential side-effects and unknown risks appreciably.

Where to Find Accurate COVID-19 Related Insurance Information

You shouldn’t trust unsubstantiated social media posts with specific answers on whether the COVID-19 vaccine might in some way impact your life insurance. The people behind such misinformation don’t usually provide specific data or cases to back their claims.

If you already have a policy, reach out to your insurance agent for accurate answers. You may also call insurance companies for clarification, even if you’re not a policyholder yet.

Are you looking for an ideal life and health insurance plan that suits your budget? If so, contact the professionals at VGW Insurance in Texas today. We are happy to help address your specific coverage needs.