The Pennsylvania Insurance Department says the COVID-19 vaccine will not have any effect on a person's ability to purchase a life insurance policy or the ability to collect on one.
The announcement comes as social media posts reportedly claim otherwise.
"The U.S. Food and Drug Administration has approved all the vaccinations currently being used, finding each of them safe and effective," said Altman.
"Pennsylvanians should be wary of social media posts and conversations claiming the vaccine will prevent them from obtaining life insurance policies or adversely impact their life insurance benefits; this is simply not true," he explained.
Altman said "We encourage and hope all Pennsylvanians will get vaccinated when they are able. Life insurance should not be a worry or consideration when an FDA-approved vaccine is available."
Insurance Federation of Pennsylvania President and CEO Samuel Marshall said "As insurers, we want our policyholders to live long and healthy lives. Getting vaccinated is an important part of that.
"Recent reports on social media have said that getting vaccinated may jeopardize somebody's life insurance coverage. Calling that 'misinformation' is an understatement; it is a lie, and a dangerous one at that.
"Here are the facts: Nobody's life insurance coverage will be altered, questioned, threatened or in any way reduced by getting vaccinated against COVID-19. Get vaccinated."
