Swine Flu Surprise for Insurance Seekers

Swine Flu Surprise for Insurance Seekers, by Rob Gerlsbeck, Canadian Business Online, Monday, November 9, 2009.  Hundreds of thousands of Canadians could come down with the H1N1 flu this season. If you’re among them, and your brush with the deadly bug motivates you to take out life insurance, get ready for a shock. Insurance companies may treat you like you have the plague.

Lorne Marr, president of LSM Insurance in Markham, Ont., says that insurance companies won’t treat you differently if you have the regular flu, unless you end up in hospital. But underwriters are breaking down H1N1 applicants into three categories: those who currently have the flu, those who had a mild case and recovered, and those who were hospitalized. Those who have it now won’t be considered for coverage until they get better, he says, while those who have recovered from a mild case have to wait two to three months. Those unlucky enough to be hospitalized may not qualify for life insurance for a full year. More at Canadian Business Online:


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