The Canadian Life and Health Insurance Association, which represents 99 per cent of Canadian life and health insurance business, says the claims are “incorrect and have no basis in fact whatsoever.”
“Getting the vaccine will not affect any insurance coverage,” the CLHIA said. “No one should be afraid and choose to not protect themselves from COVID-19 because they are worried about it affecting their benefits.”
Several of Canada’s largest insurers confirmed with The Globe and Mail that all government-approved vaccinations – which include Oxford-AstraZeneca, Pfizer-BioNTech, Moderna and Johnson & Johnson – will not have an impact on insurance policies.
Norm Leblond, Sun Life Financial Inc.’s chief underwriter and claims risk officer, said it is important for Canadians to know there have been no changes to the company’s policies owing to COVID-19 or the vaccine.
“COVID-19 – or any viral infection and its related vaccine, for that – would not impact the payment of a claim under the terms of a clients contract,” Mr. Leblond said.
Canada Life also took steps to reassure clients in a memo stating “when a COVID-19 vaccine has been given by an authorized health professional, side-effects or complications from the vaccine would not limit someone’s eligibility for life, health or disability benefits.”
Manulife is taking it one step further. The insurer is rewarding its group benefit and individual insurance customers for receiving the COVID-19 vaccination.
“As a life insurance company we are trying to keep Canadians healthy, so there is very little question that the number one thing all of us can do to protect our own health, and also the health of all those around us, would be to get vaccinated,” said Mike Doughty, president and chief executive officer of Manulife Canada.
Nah they will, that was some bullshit people were spreading. https://www.theglobeandmail.com/business/article-life-insurers-hit-out-at-online-misinformation-about-covid-19-vaccine/
The Canadian Life and Health Insurance Association, which represents 99 per cent of Canadian life and health insurance business, says the claims are “incorrect and have no basis in fact whatsoever.”
“Getting the vaccine will not affect any insurance coverage,” the CLHIA said. “No one should be afraid and choose to not protect themselves from COVID-19 because they are worried about it affecting their benefits.”
Several of Canada’s largest insurers confirmed with The Globe and Mail that all government-approved vaccinations – which include Oxford-AstraZeneca, Pfizer-BioNTech, Moderna and Johnson & Johnson – will not have an impact on insurance policies.
Norm Leblond, Sun Life Financial Inc.’s chief underwriter and claims risk officer, said it is important for Canadians to know there have been no changes to the company’s policies owing to COVID-19 or the vaccine.
“COVID-19 – or any viral infection and its related vaccine, for that – would not impact the payment of a claim under the terms of a clients contract,” Mr. Leblond said.
Canada Life also took steps to reassure clients in a memo stating “when a COVID-19 vaccine has been given by an authorized health professional, side-effects or complications from the vaccine would not limit someone’s eligibility for life, health or disability benefits.”
Manulife is taking it one step further. The insurer is rewarding its group benefit and individual insurance customers for receiving the COVID-19 vaccination.
“As a life insurance company we are trying to keep Canadians healthy, so there is very little question that the number one thing all of us can do to protect our own health, and also the health of all those around us, would be to get vaccinated,” said Mike Doughty, president and chief executive officer of Manulife Canada.