Receiving the COVID-19 vaccine won't negate your life insurance

Experts say receiving your COVID-19 vaccination will not nullify your life insurance policy, as some on social media are reporting.

“We are seeing a lot of these rumours and none of them have any sort of validity at all, stresses
Paul Reimer of Klassen Financial. “These rumours are baseless.”

If anything, Reimer says life insurance companies across the country are encouraging people to take the vaccine when the opportunity presents itself. To further illustrate his point, he quotes the Canadian Life and Health Insurance Association, of which he is a member.

“Getting the vaccine will not affect your insurance coverage. No one should be afraid and choose to not protect themselves from COVID-19 because they are worried about it affecting their benefits. All of Canada’s life and health insurers are supportive of Canadians receiving government-approved vaccinations to protect themselves from serious illness and death.”

That statement was released by the association earlier this month in an effort to combat misinformation similar to what has been spreading in Steinbach recently. Reimer adds no accredited insurance firm in Canada would say otherwise