Insurance: "And" policies versus "Or" policies
Longevity in a Nutshell

Understanding Genetic Testing and Life Insurance

This article from LSM Insurance discusses the impact of genetic testing on Life Insurance. Some 'hard testers' feel that insurers should be able to use any information to form a view on underwriting. Others are concerned that genetic testing may be able to pick up future problems so early that it will deny coverage to many people. In the United States this problem is more vexed than it is here: because state by state the available minimum safety net may vary, and back up coverage, such as Medicaid, is dependent on income and other factors. In New Zealand we could opt for an approach which allows a lot of genetic testing because of the more extensive state safety net that exists for everyone - hopefully that would allow prices to fall. 

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