Forum

Life Insurance Clai...
 
Notifications
Clear all

Life Insurance Claims

Elsa
Posts: 4945
 Elsa
Admin
Topic starter
(@elsa)
Noble Member
Joined: 18 years ago

A number of years ago, my husband replaced his life insurance policy with a new one. He had to take several physicals.  I had the idea at the time... well, I think they are pretty good at predicting when people are going to die. All the data and algorithms and such.  I wonder a lot more in this realm but what I'm posting about is this news: apparently the industry is having to pay claims at a much higher rate than expected.  This would be due to the current health climate which is quite scary.

Data like this can't really be denied. I'm sure the goal is to never pay a claim.

What do you think?

Topic Tags
6 Replies
TBB
Posts: 83
 TBB
(@tbb)
Eminent Member
Joined: 9 years ago

I have been following this too.  It's going to be more difficult to cover up the numbers when investments and the viability of the life insurers are involved. Also on my radar is credit card debt with the soaring inflation. Mix that with being denied a life insurance claim and I would imagine people will be vocal.

Reply
Research101
Posts: 41
(@research101)
Eminent Member
Joined: 1 year ago

Yes 40 percent higher claims, I suspect LI will deny the V claims as using an EUA, therefore, suicide, etc, you can't hide those kinds of numbers for long. Of course, lamestream is already floating excuse cover stories to cover up real causes, etc. I believe less than 5 percent of anything lamestream, all lies, been that way for over a century.

Reply
Elsa
Posts: 4945
 Elsa
Admin
Topic starter
(@elsa)
Noble Member
Joined: 18 years ago

I figure they'll pay the claims and be reimbursed somehow, assuming the whole thing doesn't collapse. Unpredictable as far as I can see.

Reply
CocoPeaches
Posts: 476
(@cocopeaches)
Reputable Member
Joined: 12 years ago

I'm undergoing the underwriting process for life insurance. My husband was approved at the best rate class, based on his interview and medical history. I need to be examined in person, give blood and urine, could possibly be denied? I'm sort of excited to meet the person coming to my house to examine me lol, reminds me of getting the house appraised... let's see what they come up with.

Reply
2 Replies
Elsa
 Elsa
Admin
(@elsa)
Joined: 18 years ago

Noble Member
Posts: 4945

@cocopeaches My husband went through this. They're really good at what they do as far as estimating risk.

Reply
CocoPeaches
(@cocopeaches)
Joined: 12 years ago

Reputable Member
Posts: 476

@elsa I wish I did it a little sooner, because I think my health appeared a lot less complicated about 5 years ago. I know many people don't think they need life insurance until they have kids, but it's really smart to get it when you're young! I'm getting 20 year term, because 30 is too expensive. Will need to be reevaluated at the end of the term if I want to continue buying it.

Reply