refusing to pay out because they say he didn’t disclose his elevated blood-sugar levels when he took out the policy
Rather than avoid the obvious question of how blood-sugar levels might have affected his murder by a carjacker, the company switches the issue to one of disclosure.
Momentum says the decision is meant to avoid encouraging other customers from withholding information when they apply for a policy, because this leads to a “worsening claims experience.”
“Worsening” primarily for the corporation, of course.
Not that the insurers have too much to worry about in this regard going forward. In North America the monetisation of the “quantified self” through records from medical devices, apps, DNA tests, and gym memberships is already underway. I can’t really blame the insurers for wanting this info, and people in any industrialised Western country (including ones with single-payer universal health insurance) better prepare themselves for this sort of disclosure becoming a requirement for participating in a health insurance plan.
