Posted by along withNew crown pneumoniaWith the development of the epidemic, the number of new cases in the United States has become the world's first.The risks posed by the pandemic pose major challenges for both policyholders and insurance companies.
(Update: data on April 2020, 4, the number of new deaths in the United States is +13)
Life insurance, the most basic function isProvide "life" protection.Life insurance companies carry out underwriting and "life" compensation businesses based on the actuarial calculations of various risks and mortality of each applicant.
Industry veterans said in an interview with Forbes, "Because this (epidemic) is a "black swan" incident, life insurance does not have an actuarial table for this situation."
Most insurance companies in the industry do not have a clause that excludes a "pandemic" in their existing life insurance policies.Every familyIf there is a claim due to the new crown pneumonia, the insurance policy already held will still be processed in accordance with the conventional claim process.
如果New crown pneumoniaAs the pandemic has intensified, some life insurance companies may choose to tighten applications and approvals for new insurance policies.Before the American Life Insurance Guidespecial reportIn the early stage of the epidemic, certain life insurance companies have tightened the approval of applications for specific groups, andStopped issuing new policies.
At the same time, due to the impact of the Covid-19 epidemic, the five major medical examination service agencies in the United States have respectively restricted or suspended medical examination services that have the risk of "human-to-human transmission".And this "Onsite physical examination process"It is usually a necessary part of life insurance.
The necessary links are missing, plusThe "home order" issued by various states and the order to stop all "unnecessary" activities even more so that consumers who are interested in insuring at this time are facing the dilemma of no "insurance" to invest.
No physical examination for homestays, remote electronic signature insurance
In order to help U.S. residents to obtain life guarantee during the Covid-19 (new crown virus)Insurance companyTemporarily adjusted the underwriting standards to provide policyholders with"Homestay, no medical examination, electronic signature"The application process helps community residents to quickly apply for protection without leaving their homes.
We followThe size of the insurance free of medical examinationSorted, the following is the list:
#1. Pacific Life Insurance Company / Pacific Life
Comdex®️ Financial Score: 91/100
The total site is in Orange County, CaliforniaPacific Life Insurance Company, In response to the Covid-19 (new crown virus) epidemic, a provisional underwriting standard was issued.Life insurance applicants under the age of 60, with an insured amount of less than $500 million, will be subject to the medical examination-free process*.Click to view company evaluation and product description
#2. Allianz Life Insurance Company of North America / Allianz Life
Comdex®️ Financial Score: 94/100
(2020/04/03 update) Headquartered in MinnesotaAllianz Life Insurance Company of North America, Recently adjusted the rapid underwriting standards during the new coronary pneumonia period, forFor healthy policyholders under the age of 25-60, the insurance limit of the exemption process will be adjusted to $300 million*.Click to view company evaluation and product description
#3. National Life Insurance Company / National Life Group
Comdex®️ Financial Score: 81/100
Headquartered in Montpellier, VermontNational LifeThe Group temporarily adjusted the application standards during the epidemic period.Applicants for lifetime life insurance policies under the age of 50, with an insured amount of less than $300 million, are subject to the medical examination-free process*.Click to view company evaluation and product description.
#4. Transamerica Life Insurance Company/Transamerica
Comdex®️ Financial Score: 93/100
Headquartered in Cedar Rapids, IowaNational Life InsuranceThe company, during the epidemicApplicants under the age of 55, with an insured amount of less than $200 million, are subject to the medical examination-free process*.Click to view company evaluation and product description.
2020/4/8 update(News report) : Accepted by specific channelsForeigner(Temporary U.S. Resident of Foreign Nationality)’S "exempt medical examination" quick application,The maximum insured amount is 200 million.
#5.Lincoln Financial Group Lincoln Life Insurance Company
Comdex®️ Financial Score: 93/100
Update on February 2020, 4:Headquartered in PennsylvaniaRadnor CityOfLincoln National Life Insurance Company(Lincoln Financial Group), during the COVID-60 pandemic, for adults under XNUMX,The sum assured is within $100 million, And implement the insurance-free insurance process*.Click to view company reviews and product descriptions.
#6. AIU Insurance Company / AIG
Comdex®️ Financial Score: 83/100
Headquartered in New York CityAIU Insurance Company, During the epidemic period, continued attention has been paid to the insured's situation. Currently, for applicants under the age of 50, the insured amount is less than $50, and the medical examination-free insurance process is implemented*.Click to view company reviews and product descriptions.
#7.Syemetra Insurance Company
Comdex®️ Financial Score: 79/100
Update on February 2020, 4:Headquartered in SeattleSymetra Insurance Company, During the epidemic, continued attention has been paid to the insured’s situation. At present, for applicants under the age of 50,The sum assured is within $200 million, And implement the insurance-free insurance process*.Click to view company reviews and product descriptions.
2020/4/16 update
MassMutual Mutual Life Insurance Company
Comdex®️ Financial Score: 98/100
>>>During the epidemicApplicants under the age of 65, with an insured amount of less than $100 million, are subject to the medical examination-free process*.Click to view company evaluation and product description
Prudential Prudential/Prudential Life Insurance Company
Comdex®️ Financial Score: 91/100
>>>Suspension of 30-year term life insurance service.During the epidemic, other products areApplicants under the age of 60, with an insured amount of less than $300 million, are subject to the medical examination-free process*.Click to view company evaluation and product description
Nationwide National Life Insurance Company
Comdex®️ Financial Score: 91/100
>>>Other products during the COVID-XNUMX pandemicApplicants under the age of 50, with an insured amount of less than $200 million, are subject to the medical examination-free process*.Click to view company evaluation and product description
Global Atlantic Global Atlantic Financial Insurance Company
Comdex®️ Financial Score: 75/100
>>>Other products during the COVID-XNUMX pandemicApplicants under the age of 50, with an insured amount of less than $100 million, are subject to the medical examination-free process*.Click to view company evaluation and product description
Summary of the epidemic ranking
American Life Insurance GuideThe community brokers contacted some insurance companies’ direct agencies and independent large-cap agents, and confirmed some other mainstream large insurance companies, such asLincoln Financial Group, John Hancock,Mass MutualThe underwriting conditions during the epidemic have been updated on the 16th.However, the amount of exemption for medical examinations under the age of 50 is generally lower than that of small brands of 50, so they did not make our list.
With Covid-19 (New crown virus) The development of the epidemic in the United States, if the pandemic continues to cause more damage, the above"Insured items without medical examination"It may be suspended or adjusted at any time, and the insurance company may also suspend new insurance applications based on actuarial risks.
If you plan to apply for life insurance in the near future, it is best to act as soon as possible.onNew crown pneumoniaDuring the epidemic"Homestay exempted from medical examination"For further detailed information about insurance, please contact a professional insurance consultant or broker. The American Life Insurance Guide will also bring further follow-up reports.
At the same time, the American Life Insurance Guide©️ cooperated with the IMO organization and invited the commissioner of Pacific Life Insurance Company to explain the project on April 4.If readers are further interested in this, please contact us via the form below.
*Exemption items vary according to the actual situation of each insured person. After the insurance company has reviewed it, the applicant may still be required to undergo a routine physical examination. The specific implementation of the exemption items depends on the insurance company's documents.
*The names, trademarks, and Trademarks of the insurance companies involved in the article are the property of the insurance companies.The use and mention in this article are for identification purposes only.
*This article is not a recommendation for insurance. Please contact licensed professional practitioners and insurance companies for specific insurance matters.
