Certain US life insurers suspend senior applications

April 23, 2020 by Lyle Adriano

A number of US life insurance companies have decided to temporarily suspend applications from certain age groups, or have imposed similarly tough application requirements, in order to maintain their financial viability.

Reuters reported that the companies Prudential Financial and Protective Life Insurance have both temporarily stopped receiving applications from individuals aged 80 or older. Meanwhile, Lincoln National has postponed approving policies from the 80-and-above age group.

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Originally Posted at Insurance Business America on April 21, 2020 by Lyle Adriano.