As fear and anxiety continue to grow over coronavirus, some U.S. life insurers are deciding not to gamble on older Americans by temporarily suspending applications from certain age groups or imposing tougher requirements, Reuters reported.
Prudential Financial Inc <PRU.N>, Lincoln National Corp <LNC.N> and Protective Insurance Corp <PTVCB.O> are among the insurers that have made changes. Prudential and Protective are temporarily halting applications from individuals aged 80 or older, while Lincoln has postponed approving policies for that age group and others, the companies said. Read on through this link
Coronavirus: Life insurers hit pause on policy issuance to older Americans
