{"id":120634,"date":"2020-04-27T09:00:13","date_gmt":"2020-04-27T07:00:13","guid":{"rendered":"https:\/\/mobserver.co.za\/?p=120634"},"modified":"2020-04-27T09:00:13","modified_gmt":"2020-04-27T07:00:13","slug":"does-your-life-insurance-cover-coronavirus-death","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/middelburg-observer\/news-headlines\/2020\/04\/27\/does-your-life-insurance-cover-coronavirus-death\/","title":{"rendered":"Does your life insurance cover Coronavirus death?"},"content":{"rendered":"

Will your policy be affected by COVID-19?<\/strong><\/p>\n

This will depend on whether you are an existing client or not. For example, MiWayLife<\/a> clients that already have an existing policy, you will be covered for any claims that are placed during this period should you pass away from COVID-19. Head of underwriting at MiWayLife, Castro Mtsutsa, points out that \u201cIt is important that the existing clients make sure that their policies are kept active by paying their monthly premiums.\u201d<\/p>\n

It is still possible to take out life cover, but you will be asked questions regarding your medical history, including recent medical events, to assess if you are a risk or not.<\/p>\n

Underwriting changes could affect your policy<\/strong><\/p>\n

Most life insurers are currently evaluating their policies to make sure that existing and non-existing clients are appropriately assessed for future risk imposed by this virus. Clients\u2019 insurance policies with MiWayLife<\/a> are quite important in these uncertain times, keep your insurance policy active by paying your insurance premiums.<\/p>\n

We cannot over-emphasise this for all our existing clients. It is important, when taking any insurance cover, that you answer all the questions truthfully. Should you require or want to take out a life insurance policy, specifically with COVID-19 in mind, keep the following three sub-groups in mind, and disclose if:<\/p>\n

You have been\u00a0tested and confirmed<\/strong>\u00a0to be Infected by COVID-19<\/p>\n

You have\u00a0been exposed, directly or indirectly<\/strong>\u00a0to people who have been tested and confirmed positive for COVID-19<\/p>\n

If you have\u00a0recently travelled abroad<\/strong><\/p>\n

What will happen to existing clients policy if they tested positive?<\/strong><\/p>\n

Should you be tested positive for the COVID-19 and you already have life cover<\/a> with MiWayLife, you will be covered. \u201cThey don\u2019t have to worry about anything. That\u2019s assuming that they answered all their health questions truthfully during the underwriting process<\/a> when they originally took out the policy,\u201d adds Mtsutsa.<\/p>\n

If it is a case where you were not aware that you were at the time infected by the virus and were approved for a policy, you will still be covered. The only time where your application for a policy could be denied by an insurer is if you have tested positive or you are currently under investigation for COVID-19, which is what they call PUI – i.e. a person to be tested for COVID-19, or are\u00a0guilty of non-disclosure<\/a>\u00a0of your status during the underwriting process.<\/p>\n

While we aim to uphold our promise to financially protect you and your loved ones should a valid claim be placed during this period, we ask that everyone stay safe and\u00a0follow the set guidelines<\/a>\u00a0to protect you and your loved ones from the Coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"

There is no denying that the Coronavirus (COVID-19) has brought rippling effects that are currently being felt globally, but what does this mean for people who are looking to take out life insurance or already have a policy in place? Here are all your questions answered below.<\/p>\n","protected":false},"author":8336,"featured_media":120635,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"hasGravity":false,"cxt_article_byline":".","cxt_disable_google_ads":false,"footnotes":""},"categories":[4912,19917,2],"tags":[6569,24552,24554],"class_list":["post-120634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advertorial","category-business","category-news-headlines","tag-insurance","tag-life-insurance","tag-miway-life-insurance"],"category_labels":{"Category":"News","SubCategory":"Advertorial"},"tag_labels":["insurance","life insurance","MiWay life insurance"],"_links":{"self":[{"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/posts\/120634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/users\/8336"}],"replies":[{"embeddable":true,"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/comments?post=120634"}],"version-history":[{"count":0,"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/posts\/120634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/media\/120635"}],"wp:attachment":[{"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/media?parent=120634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/categories?post=120634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/develop.citizen.co.za\/middelburg-observer\/wp-json\/wp\/v2\/tags?post=120634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}