Social media has been abuzz with posts suggesting life insurance claims related to COVID-19 are being summarily denied. Much of the anxiety seems to stem from a news story titled: Would my life insurance policy cover COVID-19 related death?   An anchor for the news organization that aired the piece shared it on Twitter below the tweet:  Will your life insurance cover you if you die from #COVID19?  Well, it depends.  The tweet is accurate enough. As it would be if the reference to COVID-19 was deleted. Or if the tweet referred to another form of insurance.  Claims sometimes are denied.   According to the American Council of Life Insurers 2019  Fact Book, life insurance death benefits paid in 2018 totaled nearly $80 billion, up from $77 billion in 2017. Steadily rising annual payouts like the ones shown in the…

Social media has been abuzz with posts suggesting life insurance claims related to COVID-19 are being summarily denied. Much of the anxiety seems to stem from a news story titled: Would my life insurance policy cover COVID-19 related death?   An anchor for the news organization that aired the piece shared it on Twitter below the tweet:  Will your life insurance cover you if you die from #COVID19?  Well, it depends.  The tweet is accurate enough. As it would be if the reference to COVID-19 was deleted. Or if the tweet referred to another form of insurance.  Claims sometimes are denied.   According to the American Council of Life Insurers 2019  Fact Book, life insurance death benefits paid in 2018 totaled nearly $80 billion, up from $77 billion in 2017. Steadily rising annual payouts like the ones shown in the…

Health insurance Buying health insurance? What to know during the coronavirus pandemic Care providers may need $100B more as industry faces further COVID-19 losses What to Do if You Can’t Pay for Insurance Due to Coronavirus Health Insurance Rates Could Be Weirdly Stable: Actuaries How Will COVID-19 Affect the Health Care Economy? Life insurance Certain US life insurers suspend senior applications Consumers Looking To Buy Life Insurance More States Mandating Forgiveness On Life Insurance Premiums Implications of coronavirus for North American life and annuities writers What an Annuity Giant Is Telling Investors About COVID-19 Risk

Health insurance Buying health insurance? What to know during the coronavirus pandemic Care providers may need $100B more as industry faces further COVID-19 losses What to Do if You Can’t Pay for Insurance Due to Coronavirus Health Insurance Rates Could Be Weirdly Stable: Actuaries How Will COVID-19 Affect the Health Care Economy? Life insurance Certain US life insurers suspend senior applications Consumers Looking To Buy Life Insurance More States Mandating Forgiveness On Life Insurance Premiums Implications of coronavirus for North American life and annuities writers What an Annuity Giant Is Telling Investors About COVID-19 Risk

A.M. Best Holds Stable Outlook on U.S. Health Industry Amid COVID-19 Pandemic Crisis Insurance rating agency A.M. Best said it is maintaining its stable market segment outlook on the U.S. health insurance industry, despite the impact of the COVID-19 virus outbreak. It cited: A trend of strong earnings; Strengthened risk-adjusted capitalization; Lower-than-estimated utilization and medical cost trends; and The cancellation or postponement of visits for routine care and elective procedures. U.S. life insurers’ growing commercial mortgage portfolios may face virus pressure U.S. life insurers continued in 2019 to increase their holdings of commercial mortgage loans, an asset class that industry participants say faces unique challenges during the coronavirus pandemic, S&P Global…

A.M. Best Holds Stable Outlook on U.S. Health Industry Amid COVID-19 Pandemic Crisis Insurance rating agency A.M. Best said it is maintaining its stable market segment outlook on the U.S. health insurance industry, despite the impact of the COVID-19 virus outbreak. It cited: A trend of strong earnings; Strengthened risk-adjusted capitalization; Lower-than-estimated utilization and medical cost trends; and The cancellation or postponement of visits for routine care and elective procedures. U.S. life insurers’ growing commercial mortgage portfolios may face virus pressure U.S. life insurers continued in 2019 to increase their holdings of commercial mortgage loans, an asset class that industry participants say faces unique challenges during the coronavirus pandemic, S&P Global…