Life Insurance During Covid
Applying for life insurance during the coronavirus outbreak.
Life insurance during covid - The demand for life insurance is up says byron udell president of accuquote an independent life insurance brokerage firm. A life insurance purchase is usually a long term. Here s what you need to know.
His company is taking about 35 to 50 more applications each day and. Life insurance companies are open for business but the coronavirus pandemic has forced many of them to find workarounds and new solutions in order to maintain their sales and meet increased demand. Another question often brought up is how one can obtain a life insurance policy now especially given that face to face meetings may not be.
Life insurance companies may decide to charge higher rates or even temporarily suspend sales due to uncertainties surrounding the spread of covid 19. If you have an active life insurance policy and you were to die of a pandemic illness such as covid 19 your family would receive the death benefit even if you had traveled to an area with a. While the long term ramifications of covid 19 aren t yet known its rapid spread around the globe has many on high alert.
How to obtain a life insurance policy during covid 19. The covid 19 pandemic has brought estate planning to the forefront of many people s minds. While some things about applying for life insurance policies have changed during the covid 19 crisis it s still possible to get a policy.
Here s what you need to know about life insurance and covid 19 related deaths. Henry montag of the toli center east and andrea schanker of schanker hochberg walk through key considerations for life insurance and estate planning during the this unusual time.
