Will the Unvaccinated Be Able to Get Life Insurance?

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And will they pay more?

Nearly all Covid-19 deaths in the U.S. are now among the unvaccinated.1 So, can those not vaccinated still get Life insurance? Will insurers impose higher premiums?

Although Life insurers require applicants to submit health information, there’s little evidence that coverage will be denied based solely on vaccination status. Insurers assign premiums based on risk factors that predict mortality. So while they do have the ability to charge more, most are not imposing higher premiums on the unvaccinated either. Vaccination status may be considered during the underwriting process, and there could be implications if an applicant has heightened risk factors for Covid-19, but in general, the unvaccinated are not specifically at a disadvantage – at least not yet.

It’s worth noting that those who have contracted Covid-19 may be asked to delay their Life insurance applications until they’ve fully recovered. The good news is that those who have fully recovered can still qualify for the best rates.

Keep in mind that underwriting standards could change in the future as we learn more about the long-term side effects of Covid-19. As suggested by the American Council of Life Insurers’ Jan Graeber in an interview with Fortune, “There may be near- and long-term considerations based on experience with Covid-19, new strains, vaccines, and consumer behavior.”

The pandemic has been a reminder that the unexpected can happen. So whether you’re vaccinated— or not— now is the time to ensure that your family is financially prepared for the unexpected. Life insurance is an effective way to prepare for the future.

1Centers for Disease Control, September 2021.

2“Will the Unvaccinated Still Be Able to Get Life Insurance?” Fortune, July 2021.

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