General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat do you think? (about Covid)
If you have a million dollar life insurance policy, then REFUSE vaccine, then die from covid, will insurance pay the million? I think they (insurance CO.) could tie it up in court.
MineralMan
(146,284 posts)Ocelot II
(115,661 posts)where they won't pay out for a suicide. Vaccine refusal is at least borderline suicidal as a practical matter, but the anti-vaxxers aren't intending to die - they just don't believe they will. I don't think a lawsuit like that would go anywhere.
cadoman
(792 posts)Pretty fascinating to consider. There was a study done in the earlier days of COVID about life insurance rates and it didn't have nearly as much effect as would be expected from a pandemic:
https://www.nber.org/system/files/working_papers/w28172/w28172.pdf
In the early days, COVID was without a doubt hitting elderly with co-morbidities the hardest. By my reading of some of those tables, three companies (Assurity, John Hancock, and Pruco) did react aggressively w/pricing.
With Delta sweeping through that may change. Delta feels a lot deadlier than the first wave (anecdotally I know a lot more people affected recently than were earlier).
Here's a more recent one (Sep 21):
https://www.cuinsight.com/covid-19-changed-life-insurance-forever-why-it-matters-to-credit-unions.html
That second link notes that rates are actually at all time lows (!). Also that there were even IRS changes that played into the rates. Really a pretty fascinating subject to dig into, even beyond anti-vaxx schadenfreude.
Ocelot II
(115,661 posts)and the stupid fucks who won't get vaccinated aren't intending to die - they really think at least one of the following things, none of which involve intentional suicide: Covid is a hoax; or Covid is no worse than flu or a cold; or the vaccine is more dangerous than covid; or the vaccine is a plot by the government and/or Bill Gates to take over people's minds. Nobody is out there intentionally refusing the vaccine in order to get covid and die so their family can get their life insurance. There are a lot easier ways to kill yourself than that.
Hoyt
(54,770 posts)I fully agree!!
There is no "stupid shit" exclusion in life insurance policies.
Hoyt
(54,770 posts)roamer65
(36,745 posts)Then offer to settle out of court for about 30 cents on the dollar.