March 14th, 2021 1-3PM ET
Sunday on The Robert Scott Bell Show:
Today on The Robert Scott Bell Show, we discuss a rumor going around on social media about the COVID vaccine and life insurance policy payouts. Is it true? We will tell you!
Know the facts: Getting the vaccine will not affect your insurance coverage Contrary to misinformation being shared on-line, receiving a COVID-19 vaccine will have no effect on the ability to obtain coverage or benefits from life insurance or supplementary health insurance. The CLHIA is aware of misinformation that is being spread through social media claiming that individuals who get the vaccine will not be able to get life insurance or may be denied their disability or life insurance benefits. These claims are incorrect and have no basis in fact whatsoever. Canada’s life and health insurers stress that vaccination is one of the most effective ways to protect yourself and others from serious illness and death from COVID-19. Receiving the vaccine will not affect your individual or workplace life or health insurance benefits, or ability to apply for future coverage. As with any medication approved for use in Canada, the COVID-19 vaccines have been found safe and effective through Health Canada’s independent scientific and medical assessment process. Individuals who have questions about their coverage are encouraged to consult their policy and contact their insurer directly.
American Council of Life Insurers (ACLI) Responds to Social Media Misinformation About COVID-19 Vaccine American Council of Life Insurers (ACLI) Senior Vice President, Policy Development Paul Graham issued the following statement on social media misinformation relating to COVID-19 vaccines: “A social media post appears to be behind the spread of entirely false information, suggesting a COVID-19 vaccine could be a factor a life insurer considers in the claims-paying process. “The fact is that life insurers do not consider whether or not a policyholder has received a COVID vaccine when deciding whether to pay a claim. “Life insurance policy contracts are very clear on how policies work, and what cause, if any, might lead to the denial of a benefit. A vaccine for COVID-19 is not one of them. “Policyholders should rest assured that nothing has changed in the claims-paying process as a result of COVID-19 vaccinations. “Policyholders should reach out to their life insurers, agents or financial professionals for their COVID-related questions. They will be happy to help.” The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI’s member companies are dedicated to protecting consumers’ financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI’s 280 member companies represent 95 percent of industry assets in the United States.
Special Guest – Ron Spence
Quantum weirdness isn’t weird – if we accept objects don’t exist HERE is a chair in front of me. A nice red wooden chair with four legs, a seat to sit on, a rest to support the sitter’s back. Does this chair exist by itself? Of course it does: it exists regardless of me. But wait: we call it a chair because we sit on it. Would there be the concept of a chair without its relation to us, without sitting humankind? Maybe not, but even if someone were unaware of a chair’s intended function, its components would still exist, for instance the smooth red wood it is made of. What does “red” mean, though? It refers to an interaction between the wood, light scattering off it and particular receptors in our eyes. Most animals don’t see colours like humans, though. Regardless of that, the atoms of the wood are there, even in the absence of our receptors or the light that may bounce off those atoms. Dig down deep enough, and things have properties that are independent of anything else, right? Perhaps not. Quantum physics, which describes the bizarre behaviour of the physical world at the most elementary level we know, may be telling us the opposite. Things don’t have properties exclusive to themselves: their properties only exist by virtue of their relationship to other things, just like there are really no “chairs” without someone around to interact with them and see them as such. Coming to terms with this idea may clarify the persistently mysterious nature of the quantum world.